Granite House is a distinguished Grade II listed building being renovated into a stylish self-contained student accommodation in the heart of Liverpool city centre. Granite House will comprise of 39 fully furnished studios with separate sleep, study and living areas, alongside some units benefitting from floor to ceiling windows to optimise natural light. The size of the studios average to 25 square metres and feature an integrated kitchen and en-suite bathroom, all finished with the highest specifications.
1. Complete reservation form and £5,000 deposit
2. 50% of purchase price on exchange - minus reservation fee
3. 50% stage payment due on completion – Q3 2018
Granite House benefits from an unbeatable location. Stanley Street is renowned for its bars and lively nightlife, meaning alongside being 5 minutes from the city centre, student residence can benefit from being on the doorstep to a lively area. The L1 area has also seen an uplift in regeneration over the past few years, which has resulted in an increase in property prices. Investors can benefit from this by investing on a studio from £63,995 and generate assured yields of 8.3% for 2 years, with 5% interest on deposited funds.
Liverpool has experienced a phenomenal amount of regeneration over the years, and there is more on the horizon.
In early 2017 the region’s leaders signed off a £650m investment package for 43 individual projects that are predicted to create over 13,000 jobs in the area. These projects include a £20m industrial park in Netherton and plans to progress Liverpool’s permanent cruise liner terminal at Princes Jetty, Princes Parade.
It is unsurprising that Liverpool is becoming a popular city for students and graduates alike. The number of people choosing to study at one of Liverpool’s universities is rapidly growing; from 2015 – 2016 there was a 20% year on year increase.
According to research carried out by Knight Frank, in 2016 some £3.1 billion was invested in purpose-built student accommodation, which is more than double the level of investment seen in 2013 and 2014 – a clear indication that there is a market for this type of property.
Liverpool’s student accommodation sector alone is worth £256 million, with the majority being in the city centre. Students make up 52% of city centre residents. As per new research in 2017, demand for purpose-built student accommodation in Liverpool has surged by 35% over the past 12 months. In 2016, there were 60,000 students studying in Liverpool which is a 20% increase on the previous year, and it is estimated that around 60% of those require accommodation.
Key to the success and growth of Hopwood House in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.
If you would like further details about this development, or to speak to a member of our team, please contact us using the form below or call us directly.
Call: +44 (0) 161 337 3890
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