Property description
Sheffield Student Investment Development Offering an 8.1% Net Return Assured for 2 Years
New Bank House is the latest student accommodation project in the Fortis Developments portfolio. Designed as a cut above the traditional model, students will have the option of choosing to live in 1 and 2-bed apartments, in addition to traditional studios, allowing for greater choice in a city that has one of the largest student populations in the country.
Perfect for anyone seeking a long-term, financially rewarding investment, private student accommodation has become a familiar addition to the UK housing market in recent years, offering high returns, low void periods, and a hassle-free way to invest in property.
Fortis Lettings & Management Ltd has an excellent maintenance record, and their experienced property management department looks after a large number of properties all over the UK, relieving clients from the constant responsibility of being a landlord. With substantial experience in student lettings and property management, they understand the student accommodation market better than anyone, and understand how different it is to rest of the UK property market. Having expert systems and procedures in place specifically for the annual cycle of students moving in and out of their accommodation, allows them to expertly manage all of the properties in their portfolio.
Investment options for New Bank House
Premium Studios £64,995
Superior Studios £67,495
1-Bed Apartments £74,995
2-Bed Apartments £109,995
Investment projection for a premium studio
Est. weekly rent: £140
Est. annual rent: £7,140
Est. maintenance fee: £1,285.20
Est. management fee: £428.40
Est. NET income: £5,426.40
Est. NET yield: £8.35%
Property Features :
- Units From £64,995
- 8.1% Net Yield Assured for 2 Years
- Hassle Free, Hands Off Investment
- Experienced & Proven Management Company
- 250 Year Lease