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Prime student housing investment at Dunn House

5th September 2016 Print

Dunn House is a rare chance for investors to access a truly prime opportunity in the highly popular student housing sector. Located in Sunderland, these purpose-built halls of residence offer not just an entry point into a high-yielding and popular market, but a number of distinct advantages which are rarely found individually, let alone in conjunction with one another.

Many of the UK's student markets are lacking in available student accommodation, and the market in which Dunn House resides has been identified as one with a particular shortage of supply in relation to the number of students at the university. This alone has led it to be praised as a prime investment opportunity. However, the development offers several other advantages which serve to make it truly exceptional as an opportunity to obtain exposure to the booming student housing market.

Many of the opportunities to invest in purpose-built student accommodation that arrive on the market are off-plan, providing investors with the opportunity to invest in developments that have not yet been built. Dunn House, Sunderland on the other hand, is an existing and fully-built student housing complex, which nonetheless offers very high-quality and up-to-the-minute living standards thanks to a major refurbishment just a few years ago. An opportunity to invest in a double unit on the top floor of this development has now arisen, with an attractive package to rival the incentives that generally come attached to the purchase of off-plan units.

The unit, priced at £32,000, is already fully let for the next academic year, giving an effective rental guarantee for the initial year of investment, and its prime location, excellent amenities, and high-demand market create an expectation that it will not be difficult to fill in subsequent years. Rental income will begin from September this year, and will be paid in arrears of three months. The rental rate that the tenant will be paying is £100 per week, which translates into a net 7.17% return per annum for the investor. This property investment in Sunderland also comes fully-managed, making it ideal for investors who want a hands-off income stream.

Dunn House offers all the facilities and features that drive success in the purpose-built student housing market. Not only does it occupy an undersupplied market, but it also boasts a prime location. The development is within walking distance of both campuses of the university, as well as of a wide range of amenities including shops, restaurants, nightlife, and public transport links.

The facilities that tenants have access to within the development are also extensive and high-quality. The unit type that is currently available to investors boast a double bed, work station, plenty of storage, an LCD TV and a kitchen area containing a fridge freezer, a sink, and a hob. There is free Wi-Fi, and a range of communal leisure and living facilities, including kitchens, laundry facilities, lounge areas, and a fully-equipped gymnasium.

For more information about Dunn House, please contact Hopwood House.