Property Investment in
Ipswich, Suffolk, IP3

Duke Street is located within the vibrant marina area of the university town of Ipswich within the county of Suffolk and is a 5 minute walk to the popular Waterfront complex situated on Neptune Marina. The site is located close to the busy town centre where a variety of leading national retailers and a range of leisure activities including ten pin bowling, cinemas bars and restaurants are located. The site is also located close to the popular Marina complex and is ideally located for University of Suffolk which opened as recently as 2007 and already accommodates circa 8,000 students. With nearby amenities including convenience stores, cafe's, bars, restaurants and the University of Suffolk this area is popular with students. Transport links are strong in the area as the train from Ipswich is just over 1 hour into London.

The supply of PBSA supply in Ipswich has slowly increased over the years with the introduction of Athena Hall however the supply has not kept up with the demand for PBSA bed spaces. The University of Suffolk has increased rapidly in recent years with around 8,000 students currently studying, this is likely to increase further and there is already a bed to student ratio of 1:3.

This therefore creates a strong demand for our 177 bed purpose built student accommodation block.

Athena Hall is made up of a variety of different rooms which range from smaller en-suite rooms to larger studios. The rental figures for Athena Hall which is the best comparable to use for our student scheme, ranges from £127.20 - £174.76 per week depending on size and room types. We have estimated £135 per week when determining the annual rent of £1,194,750 therefore meaning it is inline with the market student room rental rates. The Head of Estates at the University of Suffolk has expressed that they are nearing capacity at their existing accommodation and that this development would appeal to a number of students.