Our student property investments are predominantly in cities and towns with large student populations such as Birmingham and Liverpool. We only choose buy to let student accommodation investment opportunities in the very best of locations, close to city centre amenities and university campuses, making the units very attractive to students.
This attractive Nottingham student accommodation investment named Laceworks is located on the outskirts of the city centre, within walking distance of restaurants and shops, and both main university campuses.
It is a seven storey building containing 222 self-contained studios ranging in size from 20m2 to 46m2, with a roof terrace on the seventh floor. The development has been built to respond to the current demand for high quality student accommodation and includes en-suite bathrooms, bespoke kitchens and separate live, work and sleep areas. Communal facilities will also be of the highest standard, and will consist of a hotel style reception, coffee shop style social spaces, games rooms, a laundrette and cycle storage.
Home to over 70,000 students, Nottingham has one of the largest student populations of any city in the United Kingdom. It is ideally located in the middle of England, and its strong transport links makes it easily accessible from most other parts of the United Kingdom. It boasts a £12bn economy, making it the economic capital of the East Midlands and £1bn has just been invested in transport links and infrastructure.
The Nottingham town council has adopted the Article 4 ruling which restricts the conversion of single family homes into student lets. The impact is a massive positive because it is limiting supply, while demand for student accommodation in Nottingham continues to grow.
Demand for units in purpose-built student accommodation developments has been on the rise for the last decade or so. According to Knight Frank, the number of students living in these sorts of accommodation arrangements has more than doubled since 2007 – 2014/2015, from 34,000 – 72,000. It is partly attributed to the increase in tuition fees, which has led students to have higher expectations of what their accommodation should be like.
The student property sector is set to be a growth area in property investment in 2018, and development in 2017 has demonstrated the strength of the sector. According to Cushman and Wakefield, rents for en-suite rooms in Nottingham have increased by 3% between 2016/17 and 2017/18, one of the highest increases in the country. This demonstrates a clear demand for student accommodation in the city.
By now, you may be feeling a lot more comfortable. Take the first steps to owning student rental investment property in Nottingham. Give us a call!