Dunn House - Sunderland Students Accommodation, United Kingdom

Dunn House, Sunderland 50-56 North Bridge Street, Sunderland SR5 1AH

Why Invest?

• 10% net rental guarantee for 2 years
• Prices from only £35,500
• IMMEDIATE INCOME PRODUCING ASSET
• Prime University and City Centre location
• Existing halls of accommodation with proven track record of success (for the last 8 years)
• Fully furnished and complete
• Hassle free long term investment vehicle
• 2 month renovation project (during holiday break) with completion September this year
• All planning permissions in place

About the Site

An existing halls of residence in the heart of Sunderland, Dunn House is comprised of 109 single and double studio units, allowing students ample living space in which to carry out their studies.

Currently undergoing an extensive refurbishment project, the residence will become the ultimate boutique student accommodation in the area, with students having access to a range of communal facilities including lounge areas, a fully-equipped gymnasium, kitchens and laundry facilities.

In addition to the communal facilities, all rooms will be furnished to the highest of standards and equipped with free WiFi.

Ideally located in the heart of Sunderland, the residence is within walking distance of both university campuses and all local amenities including transport, restaurants, bars and clubs.

Why Sunderland?

• University has more than 17,500 students, including 7000 students internationally from over 70 countries
• Currently only 5 halls of residence amounting for only 2,058 rooms - HUGE RENTAL DEMAND!
• Named the 'Best English University for student experience by the Times Higher Education Supplement
• According to Guardian League Tables 2012, University of Sunderland was ranked 49th overall 

Location

The location is just excellent, based in the city centre and half a mile away from the university which equates to a 7 minute walk. Dunn House is surrounded with bars, restaurants, shopping etc right on your door step. The site is also very close to the train station for rail travel.

• There are currently 17,500 students per year and only 5 existing halls of residence amounting for only 2,058 rooms. 
• This forces the remaining students to rent on the city outskirts in houses of multiple occupancy. 
• Standard studio prices in these halls range from £100 - £125 per week (without a gym)
• At £95pw Dunn House is set to be an affordable, high specification development in the heart of the city.

 Current Interiors

  

There are two types of units to choose from at Dunn House both of which command different purchase prices and different weekly rental returns.

Studio Units £35,500

Size ranging 12sqm - 15 sqm

These units would have to rent for £95 pw for 48 weeks of the year to ensure a 10% NET return on investment. 

Double Studio Units £43,500

Size ranging 18sqm - 24 sqm

These units would have to rent for £115 pw for 48 weeks of the year to ensure a 10% NET return on investment. 

Investment Features

First 2 Years;

10% Net Guarantee - £3,550

Year 2 Onwards;

Purchase Price - £35,500

Gross Rent - £4,370 (46 weeks x £95)

Maintenance -£700

Management - £265

Ground Rent - £150

Net Income - £3,255

Net Yield – 9.18%

Contact Us for a booking form and payment procedures.