Overview

Trippet Court
  • Status Off Plan
  • Area Up to 14.90 m2
  • Location Sheffield
  • Type Student Accommodation
  • Yield8%
  • Contractual Guarantee5 Years
  • Unit Price£64,950
Student Accommodation Investment

Trippet Court, Sheffield

- 8% Net Assured Income for 5 Years - £25,980 Total

- Contractual Buy-Back Year 5 at 110% Plus 6% Interest On Deposits

- Priced from £64,950 Fully Furnished & Fully Managed

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MARKET DEMAND

JLL forecast a further
500,000 full time
UK students by 2030

0 m
Total UK Students
0 bn
Student Property Investment 2019
overview

Trippet Court, Sheffield

Trippet Court is a new build student development consisting of 63 en-suite apartments over 6 floors. Located in central Sheffield, minutes from the two major universities, Trippet Court provides an opportunity to secure 8% net assured income for 5 years on a £64,950 investment, totalling £25,980 through a fully managed structure.

There is also a contractually guaranteed exit strategy, very rarely seen in this asset class, meaning investors can utilise a buy-back in year 5 and benefit from a 10% uplift.

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Why should you Invest In Trippet Court?

As a successful property investment agency we are regularly offered a range of property investment options to introduce to our network. There were a few stand out reasons why we chose to market Trippet court following our internal due diligence.

Nearly all student accommodation schemes on the market do not contain a clearly defined exit strategy. Trippet Court is structured to allow investors a legally binding way to exit the investment at a predetermined timeframe and profit, therefore giving security and transparency regarding the return on investment.

One of the main attractions of student accommodation is the rental return. Securing 8% contractually assured income for a period of 5 years means investors have a medium term fixed income structure at higher rates than typically found in the traditional residential market. 

Trippet Court holds a prominent location in Sheffield city centre. One of the most important points for tenants in selecting a student property is convenience, by being so close to everything Sheffield has to offer Trippet Court will be the logical choice for many of Sheffield’s students. 

You will find in most university cities across the UK there is a critical shortage of purpose-built student accommodation, we like the fact that Trippet Court is a boutique development, e.g there won’t be +1000 units coming to market at the same time. So naturally the competition is lower, in addition, when you consider the University of Sheffield is a high-ranking Russell Group, prestigious institution, there will be a constant stream of UK and overseas students keen to study and experience the city, in addition to the 30,000 already studying at the University of Sheffield alone.

When considering any investment obviously the entry-level forms a strong part of the decision, compared to many other student schemes on the market, Trippet Court offers great value. In addition to this, the financial forecasts following year 5 are based on conservative and realistic rental figures, offering an attractive long term proposition for investors and fantastic value for students. Get in touch for the full financial breakdown.

Market Data & Analysis

Sheffield has accomplished a prominent position on the shopping list of wise investors seeking returns not typically found in other parts of the country. It is a city which still has attractive entry-level prices, even in comparison to the other Northern regional cities. 

Since 2016 Sheffield has grown by +11% in terms of property values (10% more than London) and it has consistently achieved a top 10 spot in Hometrack’s City Price Index of the best performing locations. 

S1, the postcode where the development is located, was named as the 10th most attractive buy-to-let postcode in the Totally Money 2019/20 Yield Map, with an average yield of 7.83%.

Sources: The Guardian, Totally Money and Zoopla

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Location

Address

Trippet Court, 90 Trippet Lane, Sheffield S1 4EL

Local Information

Sited just a short distance from both Sheffield Hallam University (13 minute walk) and the University of Sheffield (10 minute walk), the location of this property is ideal for the student community. 

The mainline train station is a 16 minute walk away and the city centre is just a 2 minute walk away. This prime location means that residents can make the most of the wide variety of facilities that the city and surrounding areas have to offer. 

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Frequently Asked Questions

Below you can find a range of common questions from previous investors. If you require specific details and advice please do not hesitate to contact us today on +44(0)203 627 3987 or via [email protected] 

The rental assurance offered by developers provides investors a level of security rarely seen in the residential market. They will commit to investors receiving the fixed figure irrespective of the performance of the asset, so even if the unit is unoccupied you will still receive the fixed rental income.

There will be a dedicated management company appointed who are experts in the local market, often student property specialists. They will have a network of tenants and relationships with universities to ensure optimum performance, so your property will be in safe hands with them taking care of the entire process of lettings and management.

Not much will change, you will still have someone looking after your property, although you are free to choose another management company. Your rent will be collected on your behalf and then it will work like a normal buy-to-let property with costs to consider. In most cases, due to the premium rent charged and low pricing, the net returns are very attractive.

During the purchase stage you will have to consider legal fees but typically there is no administration, furniture pack or other charges due. Once the property is complete, you will earn your net fixed income without having to consider other costs for the duration of the rental assurance period.

This type of investment property is a cash only purchase, most high street lenders do not provide finance for such purchases with the units often being below 30m2.

Yes, due to the fantastic value, 50% is due on exchange, 25% 6 months after and 25% on completion in September 2021.

Selling your student property is very simple, we can assist with recommended companies to market your property for sale, or you can use a traditional high street agent. The market is more niche compared to traditional residential property as you will be focusing on investor buyers but there tends to be significant demand for properties that perform well in terms of the net income and that have a track record of high occupancy rates and rents being achieved.

directors insight

What does Nick, our Founder and Director, think of Trippet Court?

“Student accommodation makes a great yield focused investment, that’s one of the key advantages of the sector, but what isn’t as common is a clearly defined exit strategy. 

There is a clause with Trippet Court that allows investors to exit in year 5 through a legally binding agreement. This is incredibly rare and not often found with purpose-built student accommodation these days. 

All in all, the city-centre location, fixed yield for 5 years, 9% return and the clear exit strategy make Trippet Court a really strong investment proposition.”

Nick Hyland, Director

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 Our role is to advise, educate and present the most suitable property opportunities to investors. If you would like to discuss your options with the team you can call us on +44(0)203 627 3987, email us on [email protected] or send us a message below.

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About Us

Track Capital is designed to help new and experienced property investors navigate the market by providing unique investments, free of charge.

Company No: 11053957. TPO Membership: T02475. Track Capital is not authorised or regulated by the Financial Conduct Authority, we recommend investors seek advice from a qualified professional. Images are for marketing purposes/illustration only.