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Dunn House, Sunderland

Development Details

  • Price: £25,000.00
  • Location: Sunderland
  • Region: Tyne and Wear
  • Country: United Kingdom

Highlights

  • Fully tenanted for upcoming academic year (44 weeks)
  • Earn 8.7% yield (net)
  • Strong management company already in place
  • Genuine hands free investment opportunity
  • Existing student development

Enquire about this Development

Information on Dunn House

Dunn House is an existing halls of residence in the heart of Sunderland, Dunn House has been identified as a prime location for private investment, due to the shortage of student accommodation in the area, in relation to the high number of students enrolled at the university. Dunn House was fully renovated to high standards and was completed ready for the September 2012 student intake.
 
We currently have a double unit available for sale on an exclusive basis. This unit is fully let for the current academic year for a period of 44 weeks at £105.00 per week.
 
Price of this fantastic value - TOP FLOOR - re-sale studio apartment: £25,000 (one unit only)
 
One of the most lucrative private student accommodation investments currently on the market, Dunn House is ideally located in the heart of Sunderland, within walking distance of both campuses and all local facilities and amenities including, transport, restaurants, shops and clubs.
 
Dunn House - Investment Highlights
  Earn approximately 8.7% net per annum
  Proven management company
  High-quality refurbishment project in a prime location
  Excellent communal facilities
  Within walking distance of both university campuses
  This studio comes equipped with;
  Double bed
  Storage
  Wardrobe
  Work Station
  Hob/sink/fridge freezer
  LCD TV
  Free WiFi
 
Total Deductions - Breakdown as below:
  £2,058.58 service charge (this is 2016/17 figure as this years not released as yet)
  Letting fee of 8% plus VAT (£443.52 plus VAT)
 
Students also have access to a range of communal facilities including lounge areas, a fully-equipped gymnasium, kitchens and laundry facilities. Dunn House is within walking distance of both campuses and all local facilities and amenities including, transport, restaurants, shops and clubs.
 
Dunn House - Reservation procedure
Step 1: Sign and complete the reservation form, before returning to us as a scanned email attachment.
Step 2: £6,000 reservation fee (this includes a non-refundable £1,000 administration fee, £5,000 fully refundable and attributable to purchase price).
Step 3: Solicitor instructed, legal's and sales pack sent out
Step 4: Remaining balance due upon exchange and completion of contracts (within 28 days)
 
As this is a completed development, both the exchange and completion of contracts will take place at the same time.

Development Availability

PropertySizeBedroomsPriceEnquire
Premium Student Studio For Sale15.63 sqm-£25,000.00Enquire

GET IN TOUCH

Call us on +44 (0) 161 337 3890 or contact us using the form below

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  • All the way through the process you have kept us informed and dealt with the negotiations in a most professional way.

    Audrey & Colin | Lancashire

  • "My wife and I were looking for purpose built student accommodation for investment and, notwithstanding that we were not their clients, the team at Hopwood House took the trouble to identify our goals and then set about helping us to achieve them."

    Peter Taylor | Student Accommodation Investment

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