The Villas is a luxury purpose built development of 174 self contained studio apartments servicing the 25,000+ students calling Stoke-on-Trent home from both Keele and Staffordshire Universities. The Villas scheduled completion is August next year ready for the 2022 student intake.
The Villas offers assured rent of 9% NET return per annum (£6,295.50+ fixed rental income per annum for 3 years). This investment is fully managed and maintained and the price includes all furnishings for a full turnkey property investment. The management company has extensive experience in this field and successful schemes across 38 University Cities managing over 100 developments with a total of over 25,000 beds.
The combination of excellent transport links and leading Universities plus the Stoke University Hospital along with a growing workforce means Stoke is now a city very much on the up and a great place to invest in property, taking advantage of low capital outlays but strong rental demand and returns. In 2020 Stoke was also Ranked No 1 in the country by the UK Powerhouse for employment growth.
Significant growth predicted to continue in this sector with prices dictated by a rising yield (so as rentals increase each year after the fixed term so too will your resale price).
The Villa’s development is located in the student hot spot of Boothen, a suburban area of Stoke-on-Trent. This is a proven popular area thanks to its location just a 5 minute walk from the local high street, transport & supermarkets.
Stoke is a city characterised by variety, translating into a wealth of choice for property investors. Here landlords can be more strategic in their purchasing and targeting of prospective tenants.
Purpose-built student accommodation (PBSA) is the fastest growing and most in-demand accommodation choice among UK students today.