BRITANNIA HOUSE
STAFFORD

Britannia House is our latest low-entry completed residential project located in the heart of England in Stafford. Britannia House features 32 apartments, a mix of 1 and 2 bedroom apartments that are already tenanted and let to locals on assured shorthold tenancies. With prices starting from as little as £98,500 offering a yield of up to 10% net makes this a very attractive opportunity for our investors.

 

All the apartments in this building have been built to an exceptional standard and contain everything a prospective tenant would need. All the properties are currently let and achieving yields north of 7% on long-term lets. With the high number of businesses and enterprises in the area as well as Stafford’s limited appeal to tourists, recently there has been a growing demand for short-term lets in the area. With the leases on these apartments allowing for short-term lets, investors have the opportunity to increase the current 7% gross yield on AST’s to a net yield of 10% net with short-term lets.

 

The building was completed in 2019 and also has on-site car parking for up to 23 cars.

An Introduction to Stafford

The Borough of Stafford has a rich heritage and is home to over 6000 SMEs and micro-businesses through to large multinationals, such as Pets At Home, Perkins and GE.

During the past 3 years we have seen in excess of 1000 new businesses make Stafford Borough their home supporting a wealth of established industry sectors, as well as strong research and development in engineering, electronics, materials and medical sciences.

The Borough is ideally placed to provide easy access to markets with outstanding transport infrastructure to the whole of the UK by road, air, sea and rail. Just one of many reasons why so many organisations chose to make Stafford their home. There are so many more:

  • Stafford Borough has a population of over 137,000 people with a further three million living within 45 minutes drive time.
  • 62% of it’s residents hold Major Group 1-3 positions, higher than the 44% average across the West Midlands and Britain.
  • 53% of Stafford’s residents holding NVQ4 and above, compared to 34% across the West Midlands and 40% across Britain.
  • Staffordshire and Keele Universities are on the doorstep with highly respected engineering and computing faculties available to our businesses.
  • Stafford College became the first further education provider in England to achieve top grades in every area of Ofsted’s Education Inspection Framework (EIF). The college has recently announced a £23m planned investment into a new skills and innovation hub – Newcastle and Stafford Colleges Group
  • Their business density is greater than most across the County with some 430 plus businesses registered per 10,000 residents.
  • The Borough hosts over 30 high-growth enterprises and our business start-up and survival rates are exemplary.

Useful Information

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Britannia House
Britannia House
Britannia House

Development Facts

DEVELOPMENT NAME

Britannia House, Stafford

DEVELOPMENT ADDRESS

Flats 1-32, Eastgate St, Stafford ST16 2NS

DEVELOPER

Titan Property Group

MANAGEMENT COMPANY

AST – Opulent Lettings and Management Ltd (10% fully managed) 

Short-term lets – My Property Host

RENTAL INCOME

Up to 7% gross currently, all apartments are fully let on AST’s. Investors can end the existing tenancy and opt to rent apartments out on a short-term basis earning up to 10% net rental return. This would be a turn-key offering from Opulent.

HEIGHT

3 Storeys

COMPLETION

Completed in 2019

TENURE

250 years leasehold from April 2021

GROUND RENT

£0 per annum

service charge

£2.28 per sqft

TRANSPORT

10 minutes from Stafford Train Station where you can reach Birmingham in just 30 mins, Manchester in 60 mins and London in just 80 mins.

NUMBER OF UNITS

32 Apartments

PAYMENT PLAN

  • £2,000 reservation fee

  • 20% on exchange (minus reservation fee)

  • 80% Balance on Completion

NEARBY FACILITIES

  • 5-minute walk to the Town Centre, Train Station and
  • 3-minute drive to Isebrook Hospital
  • Cafes, shopping and local countryside walks
  • Lots of big companies within Stafford including Siemens, Unilever and AXA to name but a few

PRICE

  • 1-Beds from £98,500
  • 2-Beds from £124,500

Investment Highlights

  • 1 bedroom apartments from £98,500

  • 2 bedroom apartments from £124,500

  • Completed and tenanted

  • Immediate income of 7% on long-term lets

  • Potential of up to 20% gross income on short-term lets (10% net)

  • Central location

  • 10 mins walk to Stafford Station – 30 mins by train to Birmingham, 60 mins to Manchester and 80 mins to London

  • Parking is available at £5000 per space

  • Zero ground rent, 250 years leasehold from April 2021

The Opulent Honest Opinion

Brittania House in Stafford represents a good opportunity for investors looking for a low entry-level investment with good medium to long-term capital appreciation prospects and well above-average rental yields.

 

With the high demand for rent both on long and short term, investors can potentially benefit from minimal void periods and long-term solid residual rental income. With the average rental yield sitting at 5% in the UK the prospect of a 10% net return is very attractive and could assist investors in balancing out their existing portfolio’s in light of the recent increase in interest rates.

Thank you!