Devon House is the latest student development from YPG. Located in the heart of
Liverpool’s student district, this development will benefit from the £1 billion which has been invested into Liverpool’s Knowledge Quarter. Devon House will consist of 162 fully managed studio apartments spread over 8 floors to cater for the rapidly increasing student market in Liverpool. The developer has previously completed on two other student developments in the UK which are fully sold out and let to students. Devon House will supply the increasing demand for student property in Liverpool which is experiencing a shortage leading to waiting lists for accommodation among local rental agents.
As a result, Devon House will offer students the best of Liverpool living at an affordable price while giving investors 8% net rental income.
In Liverpool and the UK at large, private student accommodation continues to outperform all other forms of property investment in the UK. With low entry prices, stable yields and low void periods, it’s one of the most lucrative ways to expand your portfolio. Plus, there is zero stamp duty payable on all student properties. Demand for high-quality student accommodation is increasing exponentially. The influx of overseas students is also contributing to rising demand. There’s no cap on the number of overseas students, and the Government forecasts the number will rise by 15-20% over the next 5 years.
To alleviate these issues of inadequate accommodation in the ever-growing city of Liverpool, Devon House is located therein, close to the city’s thriving academic area known as ‘The Knowledge Quarter’, this makes it the ideal base for undergraduate and postgraduate students attending a range of Universities. Devon House offers urban living experience. All apartments are furnished to the highest standard and include a tablet computer for each student. This clever technology allows tenants to book communal areas, control heating, request maintenance 24/7, communicate with others in the building, receive information from on-site management and order outside services like food orders and laundry. Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will include study spaces, a breakout room, cinema system, pool tables, on-site gym and a cooking/dining area that seats up to 10 people. From the huge bed and two piece sofa set to the Smart TV and a well selected colour theme, everything is aimed to ensure that residents are comfortable from arrival.
Liverpool is one of the most established centres in the UK for higher education and is home to a number of leading institutions including The University of Liverpool, Liverpool John Moores University, Liverpool Hope University and The Liverpool Institute of Performing Arts. The combined student population currently stands at 53,000 - almost 12% of the city's total population - with students enrolled from over 100 countries worldwide.
In addition to its reputation as a centre for educational excellence, Liverpool is one of the most desirable places in the world for students to attend university.
As the majority of university campuses are centrally located living near them comes as a huge advantage. Not only do students look for accommodation close to their everyday place of study, but want something that is easily accessible to amenities, shops, restaurants and nightlife that Liverpool has to offer. Living near all these amenities has now become a major key focus for students looking for their home away from home. Devon House possesses all characteristics of a 21st century urban student development. There is no better time to invest in Liverpool and developments like Devon house as the Government forecasts the number of students will rise by 15-20% over the next 5 years.
Devon House is located at 33 Devon Street, Liverpool, L3 8HA. Devon house is situated in the famous Knowledge Quarter. The Knowledge Quarter is the area Liverpool City Council is developing as an academic hub. This development is particularly located in the trendy area of Islington in Liverpool city centre. Currently regarded as Liverpool's' next big destination', millions have been spent regenerating the area, delivering new public spaces, retail outlets, accommodation, offices and an array of new bars and restaurants.
With innovative architecture, Islington is an area with distinct personality and character, making it an exciting base for both studying and exploring all that Liverpool has to offer.
1/ £6,000 RESERVATION FEE
(includes £1000 admin fee)
2// 10% VALUE OF PURCHASE PRICE
(within 28 days)
3/// 15% VALUE OF PURCHASE PRICE
on exchange of contract (within 90 days)
4//// REMAINING BALANCE
upon completion in June 2019