Launch of Student Rooms for Sale Due to Lack of Available Accommodation
Experience International have just launched a new purpose-built student accommodation project in Manchester to help satisfy the demand from students looking for a good place to live as well as the appetite of investors looking to enter this high yielding UK property asset class and achieve assured 10% NET yields.
(PRWEB) October 24, 2012
According to the Spotlight on Student Housing Autumn 2011 report by Savills, a dramatic 30% increase in student numbers over the past 10 years has led to most UK universities unable to supply enough student rooms to meet demand.
Once thought of as a ‘no-go' area for most landlords, student rooms for sale have become the UK's best performing asset class – according to The Times – and have become an income generating option for the buy-to-let sector.
As universities see a continual rise in applicants from wealthy overseas students, the demand for high-spec, purpose-built accommodation has seen an unprecedented rise, with CBRE reporting that this sector has occupancy levels in excess for 99%.
For landlords thinking of dipping their toes into the student property sector, long gone are the days of messy student digs with little room for occupants. Today's astute student – especially overseas students – rents a room within a purpose-built and self-contained development, often offering added CCTV security and a short commute to the university's campus.
Over the past few years student rooms have delivered strong returns when compared to more traditional property asset classes. Despite the economic downturn which has had a negative effect on market conditions, Savills has reported that the volume of recent deals has been high, pointing to continued investor demand.
Pinpointing key markets for investment, Savills has stated: “Prospects for investors by town or city map shows that the Greater Manchester area has an acute undersupply of student housing. Highlighted as a location to buy student accommodation, Greater Manchester has an imbalance between demand and supply factors, making it an ideal location for investment.”
In total there are over 350,000 students ages 18 or over in Greater Manchester. The City itself has four Universities, Manchester, UMIST, Manchester Met and Salford and 14 Universities and higher education institutions in surrounding areas.
Manchester Student Accommodation Investment
Exclusively launched by Experience International, a new purpose-built student accommodation investment has been launched in Greater Manchester which offers investors a 10% NET income which is assured for 5 years.
“Manchester is a hub of activity and the demand for student rooms is extremely high” Steven Worboys MD of Experience International commented. “We are pleased to announce that we are the exclusive agent for this new and high yielding opportunity in the city, which offers investors an assured 5 year income.”
Located within an easy commute of three major universities in Manchester, the new development will be delivered fully-furnished – helping to take the hassle out of being a landlord. What's more, with a 5 year rental assurance in place, investors will receive a passive income from this income generating asset.
Each self-contained studio is available for £52,250 with a favourable payment plan spread across the duration of the construction phase. The development is due to be complete Q2 2013 in time for the academic year.
With demand expected to be high due to the developments close proximity to educational institutions, Experience International is urging investors to act now to avoid disappointment.
For more information about these student rooms for sale in Manchester, contact Experience International on 0207 321 5858 or email enquiries(at)experience-international.co(dot)uk.
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