Sunderland is a thriving UK city home to over 19,000 students from over 100 countries. The city was awarded the title Top Student Town for landlords in 2016, thanks to its high average rental yield – surpassing student hotspots such as Manchester and Newcastle-upon-Tyne. 93% of students enter employment or continue study within 6 months of graduation. With 80 international companies such as Nike and Nissan based in the city, and with direct train links to London, Middlesbrough and more, the area is also a notable hotspot for young professionals. Horizon is unbeatably placed to cater to both: it is located less than a mile from both University of Sunderland campuses and the city’s main shopping complex.
Redeveloped from a 10-storey building into high-spec apartments, the central studios offer a desirable range of on-site amenities, including a cinema, games room and gym. The units come with a furniture pack included, ready for occupation from Q3 2019, when the building completes. Prices start from £47,495, £20,000 below the market average (Zoopla), with up to 7% interest on deposit available during construction. Rental income is assured at 9% NET for 3 years. With CBRE forecasting an 11% rise in city rents from 2018 to 2023, investors can expect a high long-term income with a low entry cost: invest with just 50% on exchange.
Thriving city with prices 20,000 below market average and income fixed at 9% NET for 3 years