Marvell House, Plymouth
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Marvell House is a completed development in central Plymouth. Investors will be able to enjoy immediate income and net returns of 8% for three years.
Marvell House boasts larger than average en-suite studios which are completed to a high specification. Each studio is furnished with a double bed, built-in storage units and a bespoke kitchen. The development enjoys high-speed internet and facilities are onsite to ensure convenience, such as a laundry room and central courtyard with cycle storage.
Key Figures
£67,500Starting Price
8%Net Yield
Q1 2019Completion Date
Investment Details
For those considering whether is student accommodation a good investment? According to yieldit, on average the city of Plymouth commands net yields of 7.24% which beats all other areas in terms of profitability. Marvell House has the benefit of being an established, completed development in Plymouth with a record of good occupancy levels, so is a great opportunity against your student accomodation investment checklist. Therefore with Marvell House investors are able to achieve returns of 8% which is guaranteed for three years.
As a city, Plymouth is home to some 30,000 students across three different educational institions – Plymouth University, The University of St Mark and St John and Plymouth College of Art. Its strong student population makes Marvell House an attractive investment option and one of the best places for UK student property investment
The Numbers
Ground Rent:£300 pa
Number of Units: 39 units 22 left to be sold
Service Charge:Estimated £600 pa
Prices:£67,500 - £77,500
Leasehold:250 years
Completed and fully furnished student accommodation
- en-suite shower room
- Kitchenette
- Excellent communal facilities, from a laundry room to a reception and 24-hour CCTV.
- 25% reservation fee
- 75% paid on exchange
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