Studio for sale in North Road East, Plymouth PL4

Fixed price £85,000
Interested in this property? Call +44 161 937 0434 * or Request Details

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Studio for sale

1

Tenure:
Leasehold
Time remaining on lease:
246 years
Service charge:
£1,600.73 per year
Ground rent:
£350
Council tax band:
Not available

Property features

  • Generates £5,925 net rental income per annum
  • Tenanted for new academic year starting September 2023
  • Fully managed by local student property specialists
  • Less than 1 minutes walk to the University of Plymouth

Property description

Perfectly located less than 100 meters from the main campus of the University of Plymouth (21,000 full-time students), the new North Hill Court development offers arguably one of the best-located developments we've ever marketed. Recently completed to a high standard throughout, North Hill Court offers a selection of Classic, Premium, and Deluxe studios for sale.

Investment Breakdown - Classic Studio Example £85,000
Classic studio - £179.00 x 50 weeks = £8,950
Annual service charge - £1,600
Minus Lettings Fee of 10% + VAT - £1,074
Ground Rent - £350.00
Annual net income - £5,925 7% net Yield

Since the launch of the development, North Hill Court has proven hugely popular with students looking for high-quality accommodation in close proximity to the university (less than 2 minutes walk).

The North Hill Court development comprises 39 spacious student studios, and its location within the heart of Plymouth student area ensures a high rental demand for this type of accommodation. As well as the main campus of the University of Plymouth, Plymouth train station, Plymouth College of Art and the Mutley Plain shops are all within easy walking distance.

Management
North Hill Court offers clients a genuine hands-free investment experience, with all units within the development being managed by Student Life Lettings, a local specialist student lettings company whose offices are just 4 minute walk from the development.

Unit Specification
Fully furnished student units
Superfast 500mb
Secure key fob entry
Communal laundry room
Large communal entertainment room

Reservation and Payment Plan
Reserve your unit with a signed reservation form
Provide certified id, proof of address and proof of funds to Pure Investor
Pay a £2,000 non-refundable reservation fee
Remaining balance due on completion
Arrange Viewing

For more information about this property, please contact
Pure, M34 on +44 161 937 0434 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pure, and do not constitute property particulars. Please contact Pure for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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