New Luxury Student Accommodation For The Savvy Buy to Let Investor
The world of student accommodation is changing and so is the future of the buy to let investment.
Gone are the days of dirty rooms, filthy shared kitchens, floor coverings of dirty clothes and mould infested coffee cups hiding the carpets or wooden floors beneath. The unprecedented amount of overseas students are generating a demand for the new look stylishly furnished student self-contained apartments with flat screen televisions, luxury en suite shower rooms and fully fitted kitchens.
In most cases, the rental demand for luxury student accommodation is so high they are renting for as much as £165 per week (£715 per month), 20% higher than a residential one bedroom apartment in the same area. With more than 65,000 students in Sheffield alone and only 11,000 University managed student housing places there is no shortage of demand.
All over the country, in University Cities, developers are building the latest in student homes with private cinema rooms, fully equipped gymnasiums, laundry rooms, FREE Wi-Fi with all bills included from the new ‘true’ student development in Glasgow created from shipping containers shipped from China to the latest developments from ‘Noble design and build’ in Sheffield, home to 64,000 students, by the way of the ‘Lightbox’ and the ‘Kelham Works’ located in the trendy artisan business and residential area of Kelham Island.
With such high returns and unprecedented demand, developers are selling off-plan or finished units with guaranteed net rental returns between 8% and 10%, a very attractive offer for those looking to better the acceptable previous 5% to 6%. Is this the new property investment opportunity that you can't afford to miss?
‘Noble Design and Build’ are offering buy to let investors the opportunity to buy off plan in their latest developments with assured net rental returns of 8% and 9% respectively for 3 years including a buy back option of 125% in year five. Currently being marketed by Preston Baker Sheffield 0114 349 0590.
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