Devon House in Liverpool is offering 8% per year returns assured for the first three years! This student accommodation is located in Liverpool’s Knowledge Quarter, the area Liverpool City Council is developing as an academic hub. This makes it the ideal base for undergraduate and postgraduate students attending a range of universities.
Devon House in Liverpool will be let to students on 50-week tenancies on an average rental of £150 per week, the apartments are fully managed making this an easy, hands-off investment.
Located in the trendy area of Islington in Liverpool city centre. Currently regarded as Liverpool's' next big destination', millions have been spent regenerating the area, delivering new public spaces, retail outlets, accommodation, offices and an array of new bars and restaurants.
Devon House is a state of the art development consisting of 162 ‘Smart Apartments’ spread over 8 floors. All students will receive a tablet computer linked to all the other studios providing a network for students to interact with each other.
Communal areas in Devon House will include study spaces, a breakout room, cinema system, pool tables, on-site gym and a cooking/dining area that seats up to 10 people. As a result, Devon House will offer students the best of Liverpool living at an affordable price - while giving investors 8% net rental income.
Using the ‘Smart Apartment’ technology provided tenants will be able to book communal areas, control heating, request maintenance 24/7, communicate with others in the building, receive information from on-site management and order outside services such as food delivery and laundry. Tenants will also have access to superb communal facilities including study spaces, a breakout room, cinema system, pool tables, cooking/dining area and an on-site gym.
The developer of Devon House has previously completed on two other student developments in the UK which are fully sold out and let to students. Devon House will supply the increasing demand for student property in Liverpool which is experiencing a shortage leading to waiting lists for accommodation among local rental agents.
Being at the centre of the UK’s second largest regional economy with access to six million customers, Liverpool has been experiencing phenomenal growth over the last few years.
The city has hugely benefited from a significant number of mega regeneration projects including the £1 billion Liverpool ONE and the £5.6 billion Liverpool Waters and is set to grow even further.
In addition, the population of young professionals and students is growing as the city attracts people from all over the world. The city also has one of the best environments for students in the UK, ensuring it will remain a popular student location for the foreseeable future.
Private student accommodation continues to outperform all other forms of property investment in the UK with low entry prices, stable yields and low void periods, it's one of the most lucrative ways to expand your portfolio.
Demand for high-quality student accommodation is increasing exponentially. On A-Level Results Day 2016, UCAS announced that a record number of students were accepted to universities and colleges. The influx of overseas students is also contributing to rising demand. There's no cap on the number of overseas students, and the Government forecasts the number will rise by 15-20% over the next 5 years.
Liverpool City Council has announced plans for Liverpool’s Knowledge Quarter, which will create a new urban community to bring the largest cluster of science, health and education in the city region. Already home to a number of Liverpool’s established higher education institutes and the new £429m Royal Hospital, the area is set to become one of Europe’s leading Innovation Districts and bound to attract further investment and opportunities.
Combined with excellent facilities and its superior position next to Liverpool Hope University City Campus and within a short walk to Royal University Hospital, truly sets Devon House apart from the competition. It will offer students the very best of Liverpool living at an affordable price, while providing investors with an excellent 8% NET rental income assured for 3 years.