A package of 5 student apartments in a luxury hostel under construction in Cardiff.
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)
- game center
- group learning areas
- self-service laundry
- £ 5000 deposit + £ 495 administration fee
- 30% paid by contract (usually within 30 days)
- 70% paid upon completion of construction (in August 2021)
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).
Brokerage fee is 4%.
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).