Student numbers are increasing across the UK. The latest figures from UCAS shows that record number of 18-year olds applied for a place at university last year. As a result, higher education providers across the country are struggling to meet the growing demand for student housing.
At a time where there is a housing shortage across the UK, purpose-built student properties are encouraged by local councils as student-centric buildings are helping to free up residential housing in university towns and cities.
With more than 1.7 million students in full-time higher education in the UK, only 1 in 3 are currently able to reside in purpose-built student housing.
For people buying student accommodation investment, now is a great time to enter the market to capitalise on the high demand for purpose-built rooms.
Buying student accommodation investment
The UK’s student property market is widely known as the country’s best performing asset class. Continued high levels of investment in the sector has allowed certain locations University Cities like Liverpool emerge as a market leader.
Liverpool is considered one of the best places to invest in student accommodation. According to Merrion, there is a currently a shortage of 21,900 purpose-built student rooms in the city. This figure set to climb due to the rising number of students applying for places in one of the city’s five higher education institutions.
Student accommodation investment yields in the city are some of the highest available in the sector, making buying student accommodation investment in Liverpool an attractive option to investors.
New launch student accommodation investment
To answer to the demand for student housing in Liverpool, Experience Invest has launched a new, high yielding development in an area voted the ‘Coolest place to live in the UK’ by The Times.
Spread over 7 storeys, Baltic 56 will contain 126 self-contained studios which, upon completion, will emerge as some of the largest purpose-built rooms on the local market.
The development will also contain a selection of highly desirable communal facilities including a gym, a large games room with pool tables and TVs, a manned reception and an on-site laundry facility.
Self-contained studio apartments within Baltic 56 offer investors an assured 5-year passive rental yield of 8% NET per annum. Delivered fully furnished and operated by an experienced management company, Baltic 56 is an income generating UK property investment.
Speaking about the launch of the new development, Jerald Solis, Business Development and Acquisitions Director at Experience Invest commented, “Liverpool is one of the UK’s top University Cities and we have seen exponential growth in the demand for student rooms. Baltic 56 is located in Liverpool’s trendy Baltic Triangle and will appeal to students who want to have easy access to their university, while enjoying the perks of city centre living.
“Baltic 56 will appeal to investors who wish to expand their property portfolio and secure assured rental returns for the next 5 years from a fully managed UK property investment. The studios within the development represent some of the largest purpose-built student rooms available on the market and will offer great value for money for investors and students.”
With construction already underway, Baltic 56 offers investors a proven way to secure an assured rental income from the UK’s best performing property market.
For more information about buying student accommodation investment in Baltic 56, contact Experience Invest today on +44 (0)207 834 1113, email firstname.lastname@example.org or visit experienceinvest.com.