Original Investment Summary - 04/10/2007

Prices starting from £123,400
- Beverley is the most affluent and affordable location in the country according to a national survey by the Royal Bank of Scotland
- Average 15% discount off developer’s list price exclusive to Property Secrets
- Immediate saving of an average £23,762 per unit on the developer’s list price
- Net rental yield predicted to be an average of 5.6%
- Excellent payment terms of 5/95
Our investors have asked for a UK deal and here it is. Platform 17 is a fantastic opportunity - the perfect development to be included in a balanced portfolio as it has a great price and a very good location where there is a rental shortage.
The Royal Bank of Scotland has published, for the first time, the results of its nationwide survey – The Affordable Affluence Index. The August 2007 report measured which towns and cities offered an affluent lifestyle at an affordable price.
Beverley came top of the index with its combination of top-performing schools, attractive housing stock and a race course, with average house prices just over the national average at £182,000.
Proposals for a £100 million investment in the town have also been outlined. These include new shops, leisure facilities, a hotel and housing as well as the relocation of the Beverley campus of East Riding College.
Platform 17 is the only new build project in the centre of the town, just a minutes walk away from the train station. Its modern design is aimed at the middle class market who want to make a lifestyle choice and live in a very desirable location within easy commute of their places of work in Hull, Leeds or York.
Beverley has excellent transport links, just 30 minutes from the M62. Hull is 15 minutes away, York is a 30 minute drive and you can be in Leeds in just an hour.
Property Secrets has negotiated an average 15% discount on the developer’s list price on the 20 units at the development. This equates to an average saving of £23,762 on each unit.
An independent valuation has assessed the value of the units at the current developer’s list price, an average of 15% higher than Property Secrets’ prices. Rents have been predicted of between £575 to £650 per calendar month in an independent rental appraisal.
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