£25m residential portfolio in Cambridge brought to market by GVA to meet growing student and housing demand

Type News

Date 19/11/2018

GVA is launching a portfolio of 58 residential properties in Cambridge, the leading UK university city.

GVA anticipates considerable demand for the portfolio which is made up of 37 houses arranged as Houses in Multiple Occupation and three blocks of flats. The portfolio has historically yielded a rent roll of almost £1.6m pa prior to an extensive recent refurbishment of the properties, which are now offered with vacant possession. The portfolio offers a unique opportunity to investors in residential and student housing alike at a scale rarely seen in the UK.

The properties benefit from close proximity to both The University of Cambridge and Anglia Ruskin University, as well as strong transport links across the City and into London. Cambridge is one of the UK’s most desirable places to live and work according to Glassdoor, with house prices around twice the national average and consistent demand. Cambridge is widely accepted to be the UK’s leading ‘tech hub’, a sector that continues to grow at pace.

Richard Stonehouse, Head of Residential Investment at GVA, said:
“These assets offer an investor a significant asset management opportunity, as well as providing the potential for future rental and pricing growth. Following a number of notable recent HMO portfolio transactions across the UK, we anticipate high levels of interest due to the rare opportunity to purchase a portfolio of this size in the heart of Cambridge.”

GVA's appointment is the latest in a string of successful instructions for the firm’s Residential Investment Team since its inception in March. This includes their appointment by Morgan Sindall Investments to raise capital for a new £480m UK Build-to-Rent funding vehicle, advising ReSI REIT Plc on a £16m shared ownership acquisition from Crest Nicholson and the disposal of a £20m supported housing portfolio.