Britannia House

Britannia House is a latest low-entry completed residential project located in the heart of England in Stafford. Britannia House features 32 apartments, a mix of 1 and 2 bedroom apartments that are already tenanted and let to locals on assured shorthold tenancies. With prices starting from as little as £98,500 offering a yield of up to 10% net makes this a very attractive opportunity for our investors.

All the apartments in this building have been built to an exceptional standard and contain everything a prospective tenant would need. All the properties are currently let and achieving yields north of 7% on long-term lets. With the high number of businesses and enterprises in the area as well as Stafford’s limited appeal to tourists, recently there has been a growing demand for short-term lets in the area. With the leases on these apartments allowing for short-term lets, investors have the opportunity to increase the current 7% gross yield on AST’s to a net yield of 10% net with short-term lets.

The building was completed in 2019 and also has on-site car parking for up to 23 cars.

Investment Highlights

• 1 bedroom apartments from £98,500
• 2 bedroom apartments from £124,500
• Completed and tenanted
• Immediate income of 7% on long-term lets
• Potential of up to 20% gross income on short-term lets (10% net)
• Central location
• 10 mins walk to Stafford Station – 30 mins by train to Birmingham, 60 mins to Manchester and 80 mins to London
• Parking is available at £5000 per space
• Zero ground rent, 250 years leasehold from April 2021