The Mill, Lancaster
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The Mill – Student Property Investment in Lancaster
The Mill is a new student property development comprising 119 units in Lancaster. The Mill is a refurbished Victorian Mill, and the property marries modern student living with Lancaster’s industrial past.
The Mill benefits from being the closest modern PBSA development to the Lancaster University campus. It offers students affordable luxury and modern amenities including a café, gym, cinema and games room.
Key Figures
£91,950Starting Price
7%Net Yield
Q4 2020Completion Date
Investment Details
The Mill Student Property Investment in Lancaster Fundamentals
- Invest from £91,950
- 7% net yield for five years under contract
- No rival development potential
- Closest modern PBSA development to the Lancaster University campus
- Developer with a successful track record
- RICS valuation available
- Tenanted apartments available
- completed development
Why invest in student property in Lancaster?
Lancaster is home to two universities and 18,000 students. Lancaster University is one of the best in the UK and consistently ranks among the top ten across all league tables. Whilst the number of students sounds more modest compared to that of Liverpool or Manchester, there simply is not enough beds to accommodate them all. It is estimated that there are approximately 10 returning students from outside the region to every purpose-built student accommodation bed according to Cushman and Wakefield. The Mill will be able to accommodate some of that need, and considering it is the closest modern purpose-built student accommodation development to Lancaster University’s campus, it should get strong demand and deliver good rental yields. With the number of students in Lancaster increasing by a rate of 16% per annum since 2008/09, we envisage sustained rental demand.
Contact One Touch to find out more about The Mill and other investment property opportunities today.
The Numbers
Ground Rent:0.3% of the purchase price
Number of Units:119
Service Charge:£0
Prices:£91,950 – £108,950
Leasehold:125 years
- Fully furnished, high spec studios
- Cafe, cinema, gym and games room
-Reservation fee- £5,000
- 50% of purchase price due on exchange of contracts – minus deposited funds
- Remaining 50% of purchase price due on completion
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