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Crane Court

Room
Minimum Investment: £57,995
Date Added: 28/02/2017
Advertiser: Sand Royale
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PropertyID: 27656458
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Pricing Information

£ GBP € EUR $ USD
Room £57,995 €66,624 $75,259

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Key Investment Features

  • Cash Purchase Only
  • 9% NET Rental Return
  • 5 Year Rental Assurance
  • Completion Scheduled Q3 2018
  • 48000 Students in Huddersfield
  • Completion Scheduled Q3 2018

What the Advertiser says about this investment:

Crane Court is a new purpose built student accommodation development, bringing 252 luxury studio apartments to the heavily undersupplied student accommodation market in Huddersfield.

 

With a large student population and a limited number of purpose built student accommodation available, Huddersfield is facing a continuing undersupply of student accommodation.

 

The developer of Crane Court is Mederco; incorporated in 2011 specifically for developing high quality student accommodation. The company sits alongside Rainbow Homes Ltd., which develops residential housing in the North and North West England and has become one of the leading and fastest growing house builders in the area.

 

Mederco has stood behind a number of high profile student accommodation developments in the North of England in recent years, with Appleton Point in Bradford and Kingfisher House in Huddersfield providing new accommodation in undersupplied markets.

 

With Crane Court, Mederco is set to build on their portfolio in Huddersfield, helping to provide new accommodation to meet supply in this growing university town.

 

Huddersfield is the 10th largest town in the UK and is located between the Northern Powerhouse cities of Leeds and Manchester.

 

With more than 2.3 million students studying in the UK, there is a large demand for student accommodation. According to Knight Frank, there is a ‘structural undersupply of student accommodation within the UK’.

 

Overseas students are a major driver for Purpose Built Student Accommodation (PBSA), with the size of this group expected to rise by 15-20% in the UK over the next 5 years.

 

 

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