Braefoot House, Edinburgh

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Overview

Braefoot House is a new purpose built student accommodation situated within Edinburgh. The development will comprise of 83 fully furnished studio apartments, each featuring a fully equipped kitchenette and a contemporary bathroom suite in its first phase. Braefoot House will fully be made up of two phases totalling 172 executive student studio apartments, set just 100 metres from Kings Campus Edinburgh University. Braefoot House also features outstanding communal areas from; laundry, games and lounge and cinema room to landscaped grounds and cycle storage.

The impressive stone and glass exterior offers a welcoming addition to the landscape. Upon entrance student residence, will be greeted with a modern gloss floored reception area. The well-designed study areas and comfortable living studios feature superior quality with attention to detail. The idyllic location of Braefoot House also appeals to students with Edinburgh’s Kings Campus Building being located just a 5-minute walk from the site.

The development offers the best high-end accommodation in the area along with a fantastic location, thereby appealing to tenants who are looking for quality apartments and are willing to pay for it. Based on the city’s strong demand for private rented accommodation, an extremely high demand from culturally-aware young students in the city centre is anticipated.

These studio apartments are built to the highest of standards with exquisite glass curtain walling to upper floors and rear elevations while all remaining apartments have brilliant floor to ceiling windows providing plenty of natural bright light and heat to the modern living environments.

Tenants will be able to enjoy the on-site break space, separate laundry facilities, and the abundance of outdoor space, creating a relaxed and pleasant environment to live. Braefoot House will also come with separate bike storage, great games room complete with lounge and cinema, Apple computer rooms at each level for study sessions, landscaped gardens for enjoyment in the summer, and reception for everyday help and security for comfortable and recreational student living.

Studio Apartments

The executive studio apartments have varying entry prices starting from £107,800 with an estimated area ranging between 18 to 22sqM. The annual 7.5% minimum expected NET yield sets rent at a tantalising £7,550 for these luxurious apartments. The apartment proposes all the basic needs of a student with a bedroom, kitchen and small dining table in the main living room and an en-suite bath and shower. There are floor to ceiling windows in many of these studio units. The first phase of this development has 83 of these studio units while a total of 172 will be present as other phases of this development are built.

Conclusion

Rents in Edinburgh are climbing due to the huge demand from students and professionals wanting to live in the city. The average rent has risen 25.3% in the last 5 years, and continues to climb as demand far outstrips supply. In fact, Edinburgh is number one for student investment in the UK, with yields higher on average than anywhere else in the UK thereby outperforming other typical student cities such as Oxford, Liverpool, London, Birmingham and Cambridge. As the universities continue to offer more courses and places, increasing numbers of students are drawn to the city, desperately seeking a place to call home during their studies. Not only is this development incredibly located to satisfy the massive demand for student accommodation in the city, but it’s also in one of the most affluent suburbs of Edinburgh. In addition, this development has the added advantage of being 100% freehold, a benefit not easily found in England. This is simply an unbeatable buy-to-let investment opportunity.

Location Details

Braefoot house is situated just 1.5 miles south from Edinburgh city centre; Braefoot House is perfectly located for students attending the University of Edinburgh. The university has provided a free shuttle bus which student residence can utilise to gain access to the city centre and the main campus. Braefoot House is also located close to the picturesque Inch Park, the medieval Craigmillar Castle and two golf courses. Therefore, this offers student residence with views which can be admired from the landscaped gardens and living areas.

Purchase Process
  1. 50% due on exchange deposit
  2. 25% installment 3 months after exchange
  3. A final 25% on practical completion

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