Leeds student pods – rental yields of 8%
We are currently in discussions with a well established developer to release some student investment opportunities in the city of Leeds. The units are currently tenanted and will bring in rents of circa £4800 gross and £3600 net with a target purchase price of £42,000.
The development has a superb occupancy rate of circa 98% and is located within throwing distance of the Leeds Metropolitan University campus.
Previous offerings we have had in the student sector have been concentrated between the £22,000 to £33,000 mark with net rental yields between 8% to 11%. With this development, we are looking to offer net yields of 8%, which some may say is slightly lower than what we have come up with in the past. However, this is a completely different project for multiple reasons, of which the main ones we outline below:
- The build is exceptional
- The finishing is very high
- All the student pods are modern
- Gross yields of £4800 on a 48 week let
- The location is unbeatable – right on the doorstep to the university
- The occupancy rate is high at 98% due to the quality of the development
- The developer has been in business as a student developer for over 10 years
So there you have it. For £42,000, you can pick up a high yielding, high quality asset in the thriving city of Leeds.
We’ll be releasing full details of the Leeds student pod investment opportunity towards the middle of April. Please feel free to register your interest by contacting us.