Annual Rental Achievable: £98,000
Annual Yield Achievable: 7.05%
Strong Property Value Growth Area
Student Lets With High Demand
EPC - Portfolio
This is a portfolio of 7 investment properties, predominantly student lets, set around the Huddersfield area. The properties utilise the tremendous demand for student accommodation in the Huddersfield area thanks to the rapidly growing University.
The University now provides courses for over 23,000 students and was awarded the prestigious Times Higher Educational Entrepreneurial University of the year in 2012 and 2013, plans are afoot to extend the University even further adding another 4000 students over the next two years.
As a consequence the pressure on student accommodation, which is already substantial, will be increased and expectations are that with Kirklees Borough Council's restrictive planning permission agenda for new build properties, this demand will only get stronger.
The houses offer a spectrum of accommodation from 2 letting room terraced houses to spacious detached houses. Most of these are within easy distance of the university itself.
Because of the owners other business interests, a decision to allow the estate to be managed by Agents has been taken. It has been the agenda of the letting agents to ensure that occupancy is maintained, as a consequence the highest yields have not been achieved. The owners feel that an additional £22,000 in rent per annum is easily achievable from the portfolio should a more aggressive tact be taken.
This would then represent a yield of 7.05% per annum against current expected market value of £1.4 million.
Furthermore, there is also the capital appreciation of the assets themselves. Although predictions of rises in property values is a notoriously speculative issue, Huddersfield is expected to see growth of approx. 8% in residential house prices from 2014 to 2015.
It is also of note, that another property portfolio in Huddersfield is also on the Market with Blacks Brokers, catering to a similar student market. It may also be of note that there is a tie up at Director level between the portfolios.
3 Properties with 3 letting rooms
2 Properties with 4 letting rooms
1 Property with 5 letting rooms
1 Property with 1 letting room
Location Details: Huddersfield
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