Student For Sale

7% Yield

St. Mary’s Student Apartments, Newcastle.

Located in the heart of Newcastle-upon-Tyne, St Mary’s is a luxury purpose-built student accommodation development.
A stunning conversion of a Grade II listed building, St Mary’s will offer students in the Newcastle area access to unrivalled student accommodation in the UK’s number one student city.

The building itself was originally known as Fenham Hall and was completed back in 1748, with the estate itself having origins in the 14th century. Fenham Hall was built for the then-Mayor of Newcastle, John Ord, and designed by renowned British architect Daniel Garrett.

This latest stage in its impressive journey will see St Mary’s pay homage to its esteemed history whilst providing students with an unrivalled student living space.

Investment Highlights

  • Prices from just £57,500
  • Close to Newcastle University
  • Guaranteed 7% NET returns for 2 years
  • Outstanding historic occupancy rates
  • Wide selection of 3-, 4-, 5- and 6-bedroom apartments available
  • High-end conversion
  • Unrivalled student facilities
  • Located in the UK’s #1 student city

Purpose-built student accommodation (PBSA) is in high demand amongst students as universities across the UK struggle to deal with the ever-increasing number of students. 2020/21 saw the UK’s total full-time student population grow by 8.0%, and this is only set to continue. These elevated student numbers will only increase the demand for PBSA, resulting in extremely high demand in prime student developments such as St Mary’s.

FAST FACTS
Price
£57,500
Developer
Chaloner Group
Management Company
Opulent
Service Charge
N/A
Payment Plan
50% on exchange, 50% on completion
Management Fee
N/A
Ground Rent
£0
Completion Date
2023
Deposit Interest
N/A
Tenure
Leasehold 999 years
  • 7% Net Assured for 2 years
  • Great Location Close To Universities
  • Fully Furnished Within The Price

CONTACT THE CONSULTANT.

St. Mary’s Student Apartments, Newcastle.

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SIMILAR PROPERTIES.