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Granite House is a central Liverpool L1 student accommodation investment, a conversion of a period building situated on Stanley Street. Granite House enjoys an enviable central location, close to many of Liverpool’s university campuses, restaurants and bars, Liverpool One shopping centre and Liverpool Lime Street.
Granite House – The Building
Granite House is a Grade II listed building on Stanley Street in central Liverpool. Built in the traditional construction style of the early 20th Century, it will be re-purposed to a boutique student accommodation development. Many of the buildings on Stanley Street are old warehouses (a nod to Liverpool’s industrial past) that have been converted into offices or places of residence, and Granite House is no different.
Granite House will comprise 39 self-contained units with en-suite bathrooms and integrated kitchens. A range of communal facilities will also be readily available for tenants, such as a communal basement area that will be used as gymnasium, break out areas with TVs, foosball tables, pool tables and comfortable lounge furniture. The studios will also be furnished to the highest specification, walk-in showers, built in mirrors, LVT flooring and 2/3 seater sofas.
Granite House Investment Fundamentals
Purchase price from £69,303
Assured rental income of 8.3% for two years
5% interest on funds
Completion September 2018
Attractively priced for location
Boutique development – only 39 units available
Distinguished building with original features to be reinstated
Granite House – The L1 Location
Granite House is located within the L1 postcode – Liverpool’s most sought area for property investment, and with its credentials it is not hard to see why. Numerous studies, including a recent one by Which? placed the L1 postcode at the top of the tables due to soaring prices in the area, yet house prices remain modest – for now. With all the development in the area, it is becoming a more desirable location to reside in, for professionals and students alike. We have also listed L1 as an area we think is the best place to invest in property in 2017.
What is perhaps one of the most appealing features of Granite House is the value it gives students and investors alike. Modestly priced for its location, it also gives students excellent value for money with regards to living space and convenience. Similarly located developments that ask for the same weekly rent of £170, typically are sized at 18m² compared to units at Granite House that are sized from 25m². Other studios in the area are of lower quality, or have a poorer design.
Students are becoming more discerning with their accommodation choices. Student property must be modern, have excellent facilities and be in a prime area close to campuses, restaurants, bars, shopping districts and other cultural offerings.
Stanley Street is renowned for its bars and boasts a lively nightlife scene. The southern half of the street was subject to various civil engineering project called the Big Dig, a decade-long scheme that was implemented in preparation for Liverpool’s 2008 European Capital of Culture status. Since regeneration, property prices in the L1 area have skyrocketed, shooting up 41% in the three years to 2015.
Not only can students easily enjoy the cultural offerings and nightlife that Liverpool boasts, but the university campuses are close by. Liverpool Hope’s Creative Campus, The University of Liverpool and Liverpool John Moores Copperus Hill campus are all just twenty minutes’ walk away.
Enquire today to discover the investment benefits of purchasing L1 student accommodation.