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Fawcett Street is a brand new boutique residential apartment development offering purchasers the opportunity to capitalise on demand for one of the North East’s most famous city regions.
Standing in the heart of Sunderland city centre, these high specification studio and one-bedroom apartments at Fawcett Street also benefit from a 9% NET rental return (less ground rent) assured by the developer for 3 years.
Just 0.43 miles to the University of Sunderland’s campus, Fawcett Street offers modern and comfortable living, ideal for the city’s students and young professionals.
Voted the UK’s ‘Top Student City’ for landlords in 2016 by LendInvest, Sunderland’s generous rental returns and buoyant student population has made the North Eastern city a top target for property investors from around the world.
With apartments available from just £49,950, these modern units are ideal for purchasers looking to invest in one of the UK’s fastest growing regions.
DevelopmentOverview
Fawcett Street is comprised of a range of high specification, self-contained studio and one bedroom apartments.
Situated in the heart of the city, just 0.43 miles from the University of Sunderland’s city campus, the development is ideally located for both students and young professionals in Sunderland.
NET Rental Return
(Excluding Ground Rent)
1 Bedroom Apartments
Studio Apartments
Self-Contained Studios
RentalAssurance
9
2
3
£59,950£49,950
Q3%YEAR
FROMFROM
2018
*View “property specification” to see what is included in the furniture pack
Rental return excludes ground rent of £250 per annum
CONSUMERPROTECTIONFROMUNFAIRTRADINGREGULATIONS2008(CPR)
Theseregulationsprohibitunfairpractices.TosatisfyourobligationsundertheCPRs,oursalesparticularshavebeenpreparedbyPrinvestUKLimitedupontheinstructionofthevendorandinaccordancewiththeseregulations.Thepropertydetailsareproducedingoodfaithandarenotintendedtoformpartofacontract.
Completion Scheduled
1 BedroomApartments
109% NET Rental Return Assured by the Developerf or 3 Years
STAMPDUTYLANDTAXTofindoutifyourpurchasewillincurStampDuty,pleasevisit
theStampDutyoverviewandcalculatorat:
https://www.gov.uk/stamp-duty-land-tax
https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax
Thepurchasermaybeliableforpropertyrelatedtaxesinconnectionwithpropertypurchasesandownershipin
additiontoanyongoingpersonalorcorporatetaxationwhichmayapply.
PleaseNote:Thisexampleisforillustrationpurposesonly;theprojectionsfortheincome,occupancy
levels,roomratesandmanagementchargesarenotguaranteedandaresubjecttochange.Weacceptnoresponsibilityforanychangesorinaccuracywiththesefigures;theyareprovidedingoodfaithasageneralguideandbasedonwhatwebelievetobecorrectbut
donotformpartofanyofferorsolicitation.
! !
RentalAssurance
Purchase Price £49,950 £59,950
Rental Return*
Rental Assurance Period**
9%
3Years
9%
3Years
Return on Investment
Rental Assurance Income
27%
£13,486.50
27%
£16,186.50
*NET rental return excludes ground rent of £250 per annum.
**The developer is contracted to provide the rental assurance to the purchaser, details of which will be confirmed by the solicitors acting for the purchaser.
StudioApartment(Based on Apartment 2)
OneBedroomApartment(Based on Apartment 1)
RentalAssurancefromtheDeveloper
Rental Assurance**
Total Projected Return
£49,950
£120.20
£6,250.40
£250
£721.62
£625.04
£4,653.74
9.32%
Rental AppraisalStudio Apartments (Year 4, After Rental Assurance)
£49,950
£113.33
£5,893.32
£250
£721.62
£589.33
£49,950
£116.73
£6,070.11
£250
£721.62
£607.01
£49,950
£123.74
£6,434.22
£250
£721.62
£643.42
£4,332.37
8.67%
£4,491.48
8.99%
£4,819.18
9.65%
4% Growth3% Growth2% Growth1% Growth0% Growth
StudioApartmentBased on Unit 2
*Service charge calculated to include increase of 2% per annum over a 3 year period in line with inflation
£49,950
£110
£5,720
£250
£721.62
£572
£4,176.38
8.36%
Purchase Price
Gross Rent (Per Week)
Gross Rent (Per Annum)
Ground Rent
Service Charge*
Lettings Fee @ 10%*
NET Rent (Per Annum)*
NET Rental Return %*
STAMPDUTYLANDTAXTofindoutifyourpurchasewillincurStampDuty,pleasevisit
theStampDutyoverviewandcalculatorat:
https://www.gov.uk/stamp-duty-land-tax
https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax
Thepurchasermaybeliableforpropertyrelatedtaxesinconnectionwithpropertypurchasesandownershipin
additiontoanyongoingpersonalorcorporatetaxationwhichmayapply.
PleaseNote:Thisexampleisforillustrationpurposesonly;theprojectionsfortheincome,occupancy
levels,roomratesandmanagementchargesarenotguaranteedandaresubjecttochange.Weacceptnoresponsibilityforanychangesorinaccuracywiththesefigures;theyareprovidedingoodfaithasageneralguideandbasedonwhatwebelievetobecorrectbut
donotformpartofanyofferorsolicitation.
! !
Rental AppraisalOne Bedroom Apartments (Year 4, After Rental Assurance)
STAMPDUTYLANDTAXTofindoutifyourpurchasewillincurStampDuty,pleasevisit
theStampDutyoverviewandcalculatorat:
https://www.gov.uk/stamp-duty-land-tax
https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax
Thepurchasermaybeliableforpropertyrelatedtaxesinconnectionwithpropertypurchasesandownershipin
additiontoanyongoingpersonalorcorporatetaxationwhichmayapply.
PleaseNote:Thisexampleisforillustrationpurposesonly;theprojectionsfortheincome,occupancy
levels,roomratesandmanagementchargesarenotguaranteedandaresubjecttochange.Weacceptnoresponsibilityforanychangesorinaccuracywiththesefigures;theyareprovidedingoodfaithasageneralguideandbasedonwhatwebelievetobecorrectbut
donotformpartofanyofferorsolicitation.
! !
£59,950
£136.59
£7,102.73
£250
£721.62
£710.29
£5,420.83
9.04%
£59,950
£128.79
£6,696.96
£250
£721.62
£669.70
£59,950
£132.65
£6,897.85
£250
£721.62
£689.79
£59,950
£140.61
£7,311.62
£250
£721.62
£731.16
£5,055.64
8.43%
£5,236.45
8.73%
£5,608.83
9.36%
4% Growth3% Growth2% Growth1% Growth0% Growth
OneBedroomApartmentBased on Unit 1
*Service charge calculated to include increase of 2% per annum over a 3 year period in line with inflation
£59,950
£125
£6,500
£250
£721.62
£650
£4,878.38
8.14%
Purchase Price
Gross Rent (Per Week)
Gross Rent (Per Annum)
Ground Rent
Service Charge*
Lettings Fee @ 10%*
NET Rent (Per Annum)*
NET Rental Return %*
Comparable Accommodation
Fawcett Street Panns Bank (University)
Scotia Quay (University)
All Saints House (Fortis)
The Forge
Dunn House (Fortis)
Key:
All information collated on 08/03/18 and was correct at the time of publication
• StudioApartments-£110
• StudioApartments
• PremiumStudios-£107.50(51Weeks)
• StandardEn-SuiteRooms
• En-SuiteRooms-£106
• SuperiorStudios-£102.50(51Weeks)
• 1BedroomApartments-from£125
• 51WeekTenancy
• PremiumStudios -£115(44Weeks)
• SuperiorStudios-£125(44Weeks)
• 40or50WeekTenancy
• OneBedroomApartments-£141
• SuperiorStudios-£110(44Weeks)• SuperiorStudios-£115.50(51Weeks)
• 40,45or51WeekTenanciesAvailable
££110
£115.50
£125
£107.50
£135.14
£102.50
£88.15
FROM
FROM
FROM
FROM
Weekly Rent
£106£141
PropertySpecification
Situated in this vibrant maritime city, Fawcett Street will provide modern and comfortable living for students and young professionals studying or working in the city.
With a range of apartments available, from self-contained studios to 1 bedroom apartments, all aspects of Fawcett Street have been carefully designed to maximise the living experience for its tenants.
Each apartment comes complete with a kitchenette, fitted with electric hob and a fridge/freezer, and a modern, white shower room, including W/C, hand basin and tiled shower cubicle with glass door.
To complement the contemporary style of each unit, a furniture pack comprising of a double bed, wardrobe, sofa, coffee table, dining table and 2 chairs, mirror in bathroom, 32” wall mounted flat screen TV and blinds will be included in the purchase price.
Interior images from previous development with similar specification: Frederick Street
Modern, White, Shower Rooms Central Location 32” Wall Mounted
Flat Screen TV
Location & Amenities
23 Fawcett Street, Sunderland, SR1 1RH
Sunderland Central Train Station
Sunderland Metro Station
The Bridges Shopping Centre
Empire Cinema
Sunderland Software City
NewcastleUniversity of Sunderland City Campus
Sunderland Football Club Stadium Durham
0.05milesfromFawcettStreet
0.07milesfromFawcettStreet
0.09milesfromFawcettStreet
0.17milesfromFawcettStreet
0.18milesfromFawcettStreet
31milesfromFawcettStreet0.43milesfromFawcettStreet
0.90milesfromFawcettStreet 21milesfromFawcettStreet
Sunderland:In Focus
Sunderland is a thriving city with a lot of opportunities for its residents with 80 international companies, such as Nike and Nissan, having relocated to the city, catering to over 25,000 employees.
Sunderland City Council is investing money in the city centre to breathe new life into the city. Redevelopment projects comprise a new 1.8 million public square which was completed in 2015.
Source:Source:
STU
DE
NT
HO
TSP
OT
TR
AN
SPO
RT
PRO
SPE
CTS
POPU
LAT
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MA
NU
FACT
UR
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ECO
NO
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Voted the ‘Top Student Town for Landlords’ in 2016
Invested in a new fleet for the Tyne & Wear Metro, which serves Sunderland
Increase in turnover for the Digital Sector in Sunderland
People live in Sunderland
Set to be invested to increase the production at the Nissan Car Plant
Invested in redevelopments across the city
Top Location£337 Million
101%278,000
Up to £14m£1 Billion
Source: LendinvestSource: Nexus
Source: Tech NationSource: Official Labour Market Statistics
Source: The TelegraphSource: Sunderland 2021
Student Demandin Sunderland
UNIVERSITY OF SUNDERLAND
19,478 STUDENTSENROLLED
THEUNIVERSITYHASCAMPUSESIN LONDON ANDHONG KONG
NO.1 STUDENTTOWNFORLANDLORDSIN2016
94% OFGRADUATESENTER
EMPLOYMENTORFURTHERSTUDYWITHIN6MONTHS
OFGRADUATION
31% OFALLSTUDENTSENROLLED
AREINTERNATIONAL
Sunderland is home to the University of Sunderland, with nearly 19,500 students enrolled from over 100 countries.
Image: Cityspace, University of Sunderland
Thecitywasawardedthetitle‘TopStudentTown’forlandlordsin2016,thankstothehighaveragerentalyieldandlowhouseprices-surpassingstudenthotspotssuchasManchesterandNewcastle-upon-Tyne.
Hometoagrowingdigitalindustry,Sunderlandhasattractedalargenumberofstudentsfromaroundtheworldtostudyinthecity,withmorethan30%ofthoseenrolledattheUniversitycomingfromoverseas.
TheUniversity’sgraduatesalsoenjoyahighrateofemploymentandfurtherstudy,withinexcessof90%ofgraduatesfindingonwardsopportunitieswithin6monthsoffinishingtheireducationatSunderland.
Focusing predominantly on the restoration and renovation of buildings in the cities of Sunderland and Dundee, Alex has worked in conjunction with other developers to create contemporary living spaces in busy city centres.
The Developer
The developer behind Fawcett Street is Alex Shanks, who specialises in creating desirable new residential spaces through the conversion of older commerical spaces.
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JH National have been signed up as the rental managers for Huddersfield’s latest
student development: Kingfisher Court. They have already started their marketing process to ensure maximum occupancy for the start
of the 2017/18 academic year.
Located in the city centre, John Street is home to 8x two-bedroom apartments
and 2x one-bedroom apartments and was completed in Q1 2017.
All 68 studios were reserved within 7 weeks of marketing. The average rental price for a 2 bedroom apartment in Bolton is £450 a month. They achieved rents up to £595 a
month for a studio without parking facilities.
Comprised of 7 studio apartments designed especially to capitalise on Sunderland’s
growing population of young professionals and students, Frederick Street was completed
in Q4 2016.
All 94 units at the development were occupied wihtin 6 weeks of completion.
Through their contract with an international student referral company, they can ensure
the best possible rent for the area.
Currently under construction, Tatham Street is home to 13 existing apartments, which will be joined by an additional 4x two-bedroom flats built from scratch. The project is due to
complete in Q2 2018.
27 Cleghorn StreetDundee
8 Eadies RoadDundee
3 Coupar Angus RoadDundee
7x one-bedroom apartments which were completed in
Q1 2016.
5x three-bedroom apartments which were completed in
Q2 2016.
Old manor house comprising 3x luxury two-bedroom
apartments. Completed in Q1 2017
Their management service is designed to offer you peace of mind, making sure that all stages of the tenancy process are taken care of.
All of their staff hold National Federation of Property Professionals (NFOPP) qualifications and they are members of the Property Ombudsman.
JH National’s rental insurance, underwritten by UKGI, provides the developer with a safety net when it comes to recovering rent.
They work hard to make sure that your unit is occupied at all times, with properties advertised on the UK’s largest property websites.
The RentalManager
JH National will be acting as the rental managers and management company for Fawcett Street.
The rental assurance is provided by the developer for Fawcett Street for 3 years with purchasers contracted to receive a NET rental return of 9% of the purchase price per annum from the developer.
Yes, as with all property transactions in the UK a conveyancer will charge for legal work and disbursements.
Frequently Asked Questions
What is the address of the development?
Will I own the property?
How long is my rental assurance? Are there legal costs?
What is the rental payment schedule?
Fawcett Street is located at:
23 Fawcett Street,Sunderland,SR1 1RH
Yes. You will be purchasing a 250-year leasehold property and the Title Deeds will be registered with the UK Land Registry upon the completion of the purchase.
Payments for Fawcett Street will be made quarterly in arrears.
PurchaseProcess
Step 1
Step 2
Step 3
Step 4
Reservation
Solicitors Instructed
Exchange of Contracts
Stage Payment
Reservation agreement completed & £2,000 non-refundable feepaidanddeducted from thedepositonexchange
Solicitorsinstructed,legalpacksentout&anti-moneylaunderingprocesscompleted
25%ofpurchasepriceispaid,lessthereservationfee,paidtosolicitors&contractsexchangedwithin28daysofreservation
Afurther25%ofthepurchasepriceispaid60dayspostexchangeofcontracts
Step 5
Legal Completion
Theremaining50%ofthepurchasepriceispaid,thepurchase is completed and Title Deeds registeredwiththeUKLandRegistry
UK Office-
+44 (0) 1494 416196
Watlington Business Centre
1 High Street
Watlington
Oxfordshire
OX49 5PH
Hong Kong Office-
+852 53034685
15th Floor
Soundwill Plaza 2
Midtown
1-29 Tang Lung Street
Causeway Bay
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and investments. We have a dynamic team with an existing property background helping to
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