Package of student apartments under construction, Cardiff, UK

£769,000
£11,144 /m²
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  • Total area
    69 m²
  • Yield
    6.5 %
  • Rental rate (m²/month)
    £61
  • Completion in
    2021.III
Details
Financial performance
  • Annual income: £50,684
Transaction costs
  • Broker: 4.0 %

A package of 5 student apartments in a luxury hostel under construction in Cardiff.

Description

The cost of the package of 5 apartments (2 Lite Studio, 1 Studio, 1 Premium Studio, 1 Deluxe Studio) starts from £ 768,969.

The total area of 5 apartments (2 Lite Studio, 1 Studio, 1 Premium Studio, 1 Deluxe Studio) starts from 69 m².

The building includes:

  • fully furnished student apartments (401 apartments, 4 types of studios to choose from)
  • gym
  • game center
  • group learning areas
  • self-service laundry

Payment plan:

  • £ 5000 deposit + £ 495 administration fee
  • 30% paid by contract (usually within 30 days)
  • 70% paid upon completion of construction (in August 2021)

Financial performance

The cost of the package of 5 apartments is 768,969 £.

The absolute annual income is 49,983 £.

Guaranteed yield is 6.5% (for 3 years).

Transaction costs

Brokerage fee is 4%.

Location

The student apartment is located in the center of Cardiff.

Cardiff is the largest city and capital of Wales. The population of the city is about 470,000 people. During the next 20 years the population is projected to grow by 26%.

Cardiff is a major economic center, port and transport hub (2-hour direct train connection to London, roads chain, international airport).

Cardiff is considered a major university city — there are 3 universities in which 37,500 students study annually, including 8,100 foreign ones.

25,354 students are looking for specialized housing in Cardiff (housing demand for students has increased by 137%).

Cardiff has the fastest rental growth for the 2017/18 school year (8.5% compared with 2.55% on average in the country).

The percentage of student property in Cardiff is one of the highest (5.9% compared with 4.72% on average in the country).

  • Property on the map
    Location right down to the building, street or city

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 Cardiff elsewhere on our website.

Statistics in Cardiff

Price per m², £
2,954
Healthcare efficiency level
70
Index 70 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
64
Index 64 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, £
Apartment in the city centre, m² 2,953.92
Apartment in a bedroom community, m² 2,363.13
Transport Price, £
Public transport, 1 ride 1.87
Monthly travel card 52.18
Taxi, 1 km 1.1
Petrol, 1 l 1.24
Food Price, £
Water, 1.5 l 1.13
Milk, 1 l 0.81
White bread, 500 g 1.01
Eggs, a dozen 2.77
Chicken fillet, 1 kg 5.02
Education Price, £
Kindergarten, per month 804.12
International school, per year 15,918.33
Health care index
Staff competence 63.89
Medical equipment 67.65
Research accuracy and completeness 69.12
Attitude towards patients 72.22
Security index
Crime rate 35.87
The risk of being robbed 33.89
The risk of car theft 37.78
The risk of break-in and property damage 46.2

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

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