Cormorant House, Huddersfield


9% p.a. net fixed assured rental
5 years rental assurance period
Stylish studios from £57,995

With growing university populations of UK and overseas students, Huddersfield alone boasts to 48,700 students, and is home to four major educational institutions which makes student accommodation very much in demand.  £80 million has been invested into Huddersfield over the last 10 years and a further £100 million is planned it is the 10th largest UK town and is located between the Northern Powerhouse cities of Leeds and Manchester.  

 

Investor Highlights

  • 9% net fixed assured rental per annum 
  • Fixed assured renta starting from £6,570 
  • 5 years fixed assured rental period 
  • 5% p.a. interest earned on paying 50% Deposit  on Exchange
  • Stylish studios from £57,995 
  • 168 self-contained studios, primely located next door to Kirklees College
Product Summary
  • Location: Manchester Road, Huddersfield, HD1 3LD
  • Student Let 
  • 168 Studio apartments
  • Developer – Mederco (Rainbow Homes)
  • Management Company – Rent on Times Management Services
  • 10 years construction warranty 
  • Full furniture pack included
  • Top of the range on-site facilities and utilities:
    • Reception
    • Games room 
    • Laundry room 
    • WiFi 
    • Gymnasium 
    • CCTV 
Financials

Investment Example

TypeStudio
Net Income £5,220
Purchase £57,995
Gross annual income  
Maintenance  
Management Fees  
Ground Rent  

Net Yield (5 years) 9%

Purchase Process

 

1: After a full consultation process with your property advisor, a unit will be selected. They will then prepare and send you a Reservation Form

2: Pay a £5,000 reservation fee to secure your unit.  And sign and return your Reservation Form

3: Both parties’ solicitors will be instructed and a Legal Contracts Pack is issued to your solicitor for review and subsequently sent to you to check and sign

4: Pay your Exchange deposit monies into your solicitors client account 

5: If applicable to the payment plan you have agreed - pay a build milestone stage payment 

6: Remaining balance of monies will be due on Completion of the development 

 


Features

Gym
Gym

Laundry
Laundry

Cinema Room
Cinema Room

Games Room
Games Room

CCTV
CCTV

Wifi
Wifi

Find out more about Cormorant House, Huddersfield

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From outside the UK please call (+44) 333 212 0415