VISION STUDENT ACCOMMODATION
THE LATEST OFFER FROM RENOWED DEVELOPER ABODE. RAISING THE BAR WITH HOTEL STYLE AMENITIES WITHIN THIS ON-CAMPAS DEVELOPMENT SUPPORTING A 10% NET RENTAL INCOME
Vision Huddersfield
Vision is the latest student accommodation development from premium student property developer Abode. Located within the Huddersfield campus, Vision will raise the bar for state-of-the-art student living.
The development consists of 198 studio apartments along with hotel-style amenities including a fitness centre, a roof garden, a coffee shop, a cinema room, and study areas.
The development sits in the new Health & Innovation Campus of Huddersfield which will bring an additional 2000 students to the university and so perfectly placed for residents to access the universities whilst only 3 minute's walk away from the town centre.
Investors will benefit from a hassle-free investment as each student apartment will be fully managed by market-leading student accommodation provider, Homes for Students. The opportunity assures an 10% Net rental return for the first 3 years.
The University of Huddersfield ranks in the top three for best-qualified teaching staff. As a result, the university attracts from around the world adding to the demand for accommodation in the area.
Investment Highlights
Prices start from £86,950
3 styles of bedroom layouts available
10% NET rental return per annum
No ground rent
Renovation of an existing building
125-year leasehold
No stamp duty due to commercial asset
Fully furnished throughout
Experience Vision
Rooftop garden and communal area
Cafe
Reception
Bar
Co-working / study lounges
Gymnasium
Cinema room
Located on campus
How does the investment work?
The purchase gives you leasehold title of the property. The property is fully managed ana maintained meaning there’s no ground rent, no service charges, no maintenance costs. The management team collects all the income and arranges the associated costs. A contractual agreement between the landlord and management company guarantees the 10% net rental income.
The opportunity to purchase is off-plan meaning your full rental income will not be available until completion in QTR3 2025, however, the developer does offer a 4% interest on the deposit paid on exchange. This interest is deducted from the final balance, reducing the cash outlay. Once completion has taken place the management company operates the lettings, for a hands-off and hassle-free investment.
Financial Example
Purchase Price of the Property £86,950
Contracted Net Rental Income at 10%
Purchase is in full and secured with a 125-year leasehold. All rental agreements are contracted and fully managed and maintained.
Rental Income Paid Quarterly £2,173.75
Annual Income Paid £8,695
Rental income is paid each quarter in arrears with no additional costs or hidden fees. Rental income is fixed at the agreed rate.
Rental Agreement contracted for 3 years
Total rental income over the 3 Years £26,085
The rental agreement is contractual for 3 years. After this period landlords will be offered new agreements or can self-manage.
Location and Surrounding Area
Huddersfield resides in West Yorkshire and is surrounded by 3 key northern cities Leeds, Sheffield, and Manchester, easily accessible by the motorway and rail links.
Vision is located within the brand new Health and Innovation Campus of the University of Huddersfield, a prime location to the university and the town’s centre.
Almost 20,000 students choose to study at the University of Huddersfield, which is joint first for the National Teaching Fellowships, which marks the best lecturers in Higher Education.
Address
Vision
Southgate
Huddersfield
HD1 6QR
Student Property & Huddersfield
Student numbers in the UK have soared in recent times, reaching record-high levels according to CBRE. This increase in student numbers from both national and international students is driving extremely strong demand for purpose-built student accommodation (PBSA). Savills recently reported that the number of first-year undergraduate students is projected to increase in the coming years and could even reach 1 million by 2030.
The student property investment market has continued to offer a steady and stable option for investors looking to protect their wealth, and the market looks set to continue to grow in the coming years. The number of international students is set to continue its upward trend, with a 117,500 increase in the number of full-time international students between 2019/20 and 2021/22.
With this forecast increase in student numbers, paired with a chronic under-supply of student housing, strong rental growth is expected in the student market of around 7% for 2023/24. This impressive forecast in terms of both student numbers and rental growth are just a few of the countless reasons to consider investing in UK student property.
Located in West Yorkshire, Huddersfield, has seen immense economic growth in recent times, spurred on by vast amounts of regeneration that is set to continue. In 2022, business-led organisation Huddersfield Unlimited published their ‘Our Huddersfield, Our Future’ regeneration vision for the town in which as much as £1bn is set to be invested in 11 major schemes in and around the town centre over the next few years, including the £210m Cultural Heart scheme.
The University of Huddersfield is one of England’s leading universities, ranking in the top three for the best-qualified university teaching staff according to the latest figures from HESA, with staff at the establishment ranking in the top three in England for the proportion who hold doctorates, who have higher degrees and hold teaching qualifications.
The university is also joint-first for National Teaching Fellowships, which marks the UK’s best lecturers in Higher Education, winning a total of 20 since 2008.