14:43 PM, 11th October 2017, About 5 years ago
#47 is a new student property development located in the heart of Leicester’s city. According to recent figures, there are 6.4 students to every dedicated room within the city centre, so demand is expected to be high.
This is an ideal opportunity for investors looking to achieve high rental yields. Units in #47 start from £59,900 and the developer is offering a five-year rental guarantee of 7%.
#47 consists of 47 luxurious studios, one, two and three-bedroom flats separated over 7 floors. Each studio will be completely self-contained and the development will also offer superior communal facilities such as a fitness room, communal lounge / games room and a garden / recreational area. Research by Knight Frank has shown that students are willing to pay more for their accommodation if it offers these sorts of facilities.
Several educational institutions are within easy reach of #47. DeMontfort University is just 700 metres from the development, Leicester College is roughly 10-minutes’ walk and the University of Leicester is just 12 minutes away by bus. This opens a large pool of students who would be interested in the location.
#47 Leicester Investment Fundamentals
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