A package of three student apartments, Southampton, United Kingdom

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A package of three student apartments, Southampton, United Kingdom

483,000 £
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Total area: 63 m² Yield: 6.3% Built in 2018
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Features
  • Operating Incomе: 34,425 €
  • 6-floor building

Three furnished student apartments with guaranteed profitability in a newly built residential complex.

The complex consists of 435 apartments.

Apartment sizes range from 20 m² to 25 m².

The cost of apartments varies from 148,665 £ to 198,627 £.

Payment Plan:

  • £ 5,000 reservation deposit + £ 495 admin fee
  • 30% payable on the exchange of contracts – within 30 days
  • balance paid on completion 

Interior

Each apartment includes a living room combined with a kitchen and a dining area and a bathroom.

Advantages

The complex may offer at residents' disposal: a multipurpose cinema with a projector and popcorn machine, a fitness room, a joint work area, a dining room with an access to the terrace, a restaurant, a living room with a sofa, a fireplace and a large screen, a laundry, a swimming pool, a games room with an X-box and a PS4. The owners may use services of management company, which assumes responsibilities associated with searching for tenants, singing lease agreement, property maintenance, managing, tenant communications, renovation, etc.

Financial performance

The cost of the apartments is 483,379 £.

Absolute annual income after deduction of expenses is 30,373 £.

Net yield is 6.3%.

The cost of ownership

The cost of the management company, including the service charge, is 3,816 £.

Ground rent is 1,485 £.

Location

The property is located in a suburb of Southampton, where two universities are situated and more than 40,000 students live. A train station, a supermarket, cafes, shops and banks are located in a walking distance from the building. The University of Southampton can be reached on foot in 9 minutes, and the Solent University is in a short drive away.

Statistics in Southampton

Price per m², £
2,230
Healthcare efficiency level
83
Crime rate
43
Real estate Price, £
Apartment in the city centre, m² 2,230.49
Apartment in a bedroom community, m² 2,627.02
Transport Price, £
Public transport, 1 ride 1.98
Monthly travel card 44.61
Taxi, 1 km 1.98
Petrol, 1 l 1.22
Food Price, £
Water, 1.5 l 1.02
Milk, 1 l 0.96
White bread, 500 g 1.05
Eggs, a dozen 2.13
Chicken fillet, 1 kg 5.85
Education Price, £
Kindergarten, per month 892.2
International school, per year 13,746.46
Health care index
Staff competence 75.0
Medical equipment 94.44
Research accuracy and completeness 75.0
Attitude towards patients 81.25
Security index
Crime rate 46.43
The risk of being robbed 43.97
The risk of car theft 42.24
The risk of break-in and property damage 50.86

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other student apartments for sale in the United Kingdom.

You can see more student apartments for sale in Southampton elsewhere on our website.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
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