Crane Court is a new purpose built student development that will provide 252 modern high quality studio apartments to the significantly undersupplied student accommodation market in Huddersfield.
Located in the heart of Huddersfield, Crane Court is the newest addition to the ever changing Huddersfield skyline and forms part of the Waterside Quarter development. This property is under construction and will be welcoming students for the 2018/19 academic year. This modern purpose built student accommodation development provides property investors with a 9% NET rental return that is contractually assured for five years from completion of the property. In addition to this 5% interest will be offered on deposited funds during the remaining construction period.
This ten-storey building will offer students in this growing university town 252 excellent self-contained studio apartments that will come complete with an en-suite shower room and a kitchenette. Following on from the success of Kingfisher House and Cormorant House, Crane Court is located within close proximity of both the University of Huddersfield and Kirklees College, offering high specification student studio apartments to the town’s 48,000 students.
Each property will be completed to a high standard with attention to quality finishes and good usage of space, these properties will provide an excellent long term housing solution to the student population in Huddersfield being centrally located for both Kirklees College.
Huddersfield University and the town centre. Every apartment will be fully furnished to prospective student tenants and the building will benefit not only from modern and high end hotel apartment style finishes but also a range of state of the art facilities. Crane Court is set to be the premier student accommodation in Huddersfield benefitting from an excellent range of on-site facilities including games/television room, state-of-the-art cinema suite, study rooms, I.T. suite, gymnasium, laundry facility and parking.
To manage the properties a specialist and established student housing operator will oversee and manage the project once completed.
This development is specifically built for students, the self-contained studio apartments rather than smaller student pods are in cluster flats. Studio apartments attract longer tenancies than student pods, supporting investors’ yield as investors stand to realise a minimum of 9% yearly NET yield. The apartments have a relatively low entry price at a cost of £57,995 for front side studios and £58,495 for canal side studios. The apartment proposes all the basic needs of a student with a bedroom, kitchenette and small dining table in the main living room area and an en-suite bath and shower.
With the University of Huddersfield in sight and the addition of the new £74 million Kirklees College campus, the development of the Crane Court site will complement the new development and attract further investment. With the development already well under construction, Crane Court will offer a high specification new purpose built accommodation block specifically designed and conceived to accommodate the significant student demand in the Huddersfield area. Being located directly to a major campus gives Crane Court a huge advantage over many other accommodations.
There is a significant imbalance at present with the available purpose built accommodation in Huddersfield and the available units for rent. So much so that currently hundreds of students each day are transported on buses in and out of the town to accommodation outside the main town centre (4 miles away), this means this development is not only perfectly located but it serves to alleviate the student accommodation issues making it an absolute treasure trove to investors ready to key into the opportunity.
For further information on the purchase process please request your free brochure or get in touch with us today.