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.
The Mill is a new student property development comprising 107 units in Lancaster. The Mill is a refurbished Victorian Mill, and the property marries modern student living with Lancaster’s industrial past.
The Mill benefits from being the closest modern PBSA development to the Lancaster University campus. It offers students affordable luxury and modern amenities including a café, gym, cinema and games room.
Lancaster is home to two universities and 18,000 students. Lancaster University is one of the best in the UK and consistently ranks among the top ten across all league tables. Whilst the number of students sounds more modest compared to that of Liverpool or Manchester, there simply is not enough beds to accommodate them all. It is estimated that there are approximately 10 returning students from outside the region to every purpose-built student accommodation bed according to Cushman and Wakefield. The Mill will be able to accommodate some of that need, and considering it is the closest modern purpose-built student accommodation development to Lancaster University’s campus, it should get strong demand and deliver good rental yields. With the number of students in Lancaster increasing by a rate of 16% per annum since 2008/09, we envisage sustained rental demand.