Turnkey, professionally managed studio in a high-demand student area.
Fully furnished, newly built studio with contemporary fittings
302 sq ft — compact layout suitable for single occupancy
Fully managed onsite; 24-hour concierge and communal laundry
Typical rents £500–£650pcm; advertised average net yield ~7%
Leasehold sale — cash buyers only; check lease length and charges
Heating via electric room heaters — higher running costs possible
Very slow broadband locally; excellent mobile signal though
Local crime level: very high — consider insurance and management costs
This compact studio in One Wolstenholme Square is aimed squarely at investors seeking turn-key city-centre rental stock. The apartment is newly built, professionally furnished and comes with an established management model and strong historical occupancy, making it easy to add to a lettings portfolio without immediate refurbishment or tenant sourcing.
Accommodation is small (302 sq ft) but efficiently appointed with modern fixtures, contemporary bathroom and large windows that deliver city views and good natural light. The building offers useful communal facilities including 24-hour concierge, communal laundry rooms, bicycle storage and roof terraces (block dependent), which support tenant demand from students and young professionals.
Material drawbacks are practical and should be factored into running costs and exit planning. The property is leasehold and sales are cash only; heating is electric room heaters rather than gas, and mains broadband in the area is reported very slow — both factors can affect operating costs and tenant appeal. The local area records very high crime levels, which may influence insurance, management attention and some tenant choices.
Financially the development targets rental demand in a busy student and young-professional neighbourhood. Reported rents range from approximately £500–£650 pcm with advertised average net yields around 7%. EPC B is a positive for lettings regulation and energy performance, but investors should check service charge and ground rent details and confirm current rental figures and occupancy from management before purchase.
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