Price :Starting from £825,000
Rental Yield :5% Estimated
Completion Date :Completed
Deposit Interest :N/A
Tenure :999 Years
Developer :Oracle Capital Group
Chancery Quarters , Covent Garden
Chancery Quarters is near Covent Garden, allowing residents the opportunity to soak up the vibrant London culture. Within walking distance of Chancery Quarters are various points of interest such as the British Museum, the National Gallery, Covent Garden, the Royal Opera House and the National Theatre.
Conveniently for lectures, Chancery Quarters is just a short walk away from many university campuses including those of King’s College London, UCL, LSE and SOAS. It is also just a short train ride away from Imperial College London.
Four of the top 100 universities are in London, educating over 100,000 students from over 200 nations. All these students are hunting for accommodation of the best quality, in the best location both close to their place of study and to London’s nightlife, food and culture scene.
The excellent quality of London’s educational institutions coupled with the presence of multinational organisations in the capital ensures a high demand for students. This is because they receive a world-class education and then can go on to work for high profile companies upon graduation.
The Chancery Quarters building will sit on Chancery Lane, a historic street that forms the western boundary of the City of London. Previously, there has been very few residential developments on the lane as it has traditionally had a legal history where many barristers kept their offices. The location, abundance of amenities and proximity to university campuses and transport links make it an ideal option for those looking to study in London.
Facilities in Chancery Quarters will be state-of-the-art to reflect the premium lifestyle. Bathrooms will have handpicked marble finishes and the kitchens will be bespoke. Underfloor heating will be fitted throughout. To ensure the security of residents there will be a video entry system and a concierge.
According to the London Plan, despite extensive on-going development of student accommodation, there is still a desperate shortfall. It has been suggested that by 2025 there will be a need for 20,000 – 31,000 additional bed spaces. The number of students combined with the lack of student accommodation has caused high competition for existing bed spaces. This competition has had a positive effect on rental yields, which are rising faster than the national average.
- Bank – 4 min
- Bond Street – 8 min
- Green Park – 11 min
- Tottenham Court Road – 5 min
- Pattington Station – 10 min
- Heathrow Airport – 30 min
- Waterloo Station – 10 min
- Liverpool Street – 16 min
- London City Airport – 42 min
- Westminster – 9 min
- Tower Bridge – 20 min
- Canary Wharf - 24 min