Experience Invest team visits Opto Student Newcastle site
- 22 Aug 2018
- Company News
The Experience Invest team was in Newcastle last month to see progress on the Opto Student Newcastle project, which is currently being developed by Opto Property Group.
Construction work on the new development began in November last year, and the visit offered the staff a chance to view progress, take pictures and see how the emerging site fitted into its surroundings.
An attractive student accommodation investment
Expected to become one of the most desirable student residences in the city, Opto Student Newcastle offers a compelling combination of location, transport links and proximity to both the city’s two universities and Newcastle’s main amenities.
Delivered by the award-winning Opto Property Group, the development will complete in Q3 2019.
Located in the city centre, it is only a five-minute walk away from Northumbria University and between ten and 15 minutes away from Newcastle University. It is less than ten minutes away from Manors Station, which offers both mainline rail and Metro services. In the opposite direction, it is a very short walk down to the famous Quayside and across the Millennium Bridge into Gateshead.
The facility itself includes high-spec fully contained studios, making it one of the finest student residential developments in a city with no less than 50,000 people in higher education.
Investors in the development can receive benefits including eight per cent net rental returns assured for five years. This fully managed investment also includes an investor-friendly payment plan and is exclusive to Experience Invest.
Upon completion, this high yielding student property investment will look like the development portrayed in the following video.
UK hotspot for high rental returns from students
What makes this particular project so compelling is that with so many students in the city, housing supply is likely to trail behind demand, particularly for higher-quality accommodation.
This was noted by estate agency Knight Frank, which recently revealed that between them, Newcastle’s two universities can only provide for 43 per cent of their students through their own halls of residence. This major shortfall means that investors can rely on high demand to ensure healthy returns.
A separate Knight Frank study found that part of the reason for the high numbers is the rising popularity of the two institutions, with applications up by 35 per cent since 2008. As Newcastle continues to be a popular city in which to live as a student, thanks to its nightlife, good transport links and high-quality universities, student accommodation will continue to be a sound investment.
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