Whilst there, we decided to visit a previous project to see how it has faired after the first year and a half’s student occupation.
We are delighted to say this proven student buy to let property investment still looks great, have been fully occupied this last year and are on track for much of the same this year! This means all investors receiving NET yields around 10% as promised from their properties, which still carry 8 years of new build warranty too!
This development was sold off-plan for the developer and all houses were sold prior to build start. Investors were required to put down a 30% deposit through the build period, which lessened the developer’s requirement for bank financing. This meant we could supply a first charge against the site for the build. The first charge coupled with the fact funds were released as build progressed, meant this was one of the most secure products on the market.
Since selling the properties, one of our clients has remortgaged his property, to pull out further equity for increased investment. The property valued over 10% higher than was originally sold to him only a year later. A long with this, rooms are now being rented at an increased rate to our original figures which means yields have been enhanced further still.
At Fresh Invest we pride ourselves on the success of our past investments and we are glad to say that all of our investors are very happy with this proven student buy to let property investment and looking forward to our next project!
Whether you’re a developer or investor, get in contact to see how we can help you.
Contact Fresh Invest on 01243 527 327 or email at email@example.comBack to news