Investors considering an acquisition in the student accommodation market can take many factors into account when evaluating the potential returns on their investment.
One of the key considerations is the regular income you can expect to see in the form of rental yields, which is dictated (at least in part) by the level of demand prospective tenants show for your property.
There will always be a need for well-equipped, purpose-built student accommodation (PBSA), particularly in the current era of low supply, escalating demand and an increasing emphasis on student welfare.
The wellbeing of tenants is now a “high priority” for universities and housing operators, according to JLL’s UK Student Housing Report 2019. Here’s how PBSA developments with high-end features can help students settle into their new homes and make the most of their time at university.
Safety and security will always be the paramount concern for housing operators and universities, not to mention the families of students who are seeing their loved ones move away from home for the first time.
Housing developments that offer dedicated security features – such as 24/7 CCTV coverage and manned receptions – can provide welcome reassurance for all concerned.
These sorts of provisions can prove particularly attractive for international students – an important market for investors owing to their willingness to pay a little extra for high-quality, well-located accommodation.
The social side of going to university is a big part of the experience for students, of course, and high-end PBSA can make a big contribution to this aspect of tenants’ lives.
At Opto Student Cardiff, for example, residents will enjoy access to sky gardens with a bar and a barbecue, an indoor and outdoor cinema, a games room and even a yoga and pilates studio.
Unfortunately for undergraduates, their time in tertiary education isn’t all about pubs and partying; there’s plenty of studying to be done as well.
Once again, bespoke student housing can support this side of university life with facilities like high-speed Wi-Fi, communal working areas and private study rooms.
In short, residents of these properties receive all the services and support they need to make the most of their time at university.
If you’re looking for opportunities to capitalise on demand for high-quality student accommodation in the UK, contact Experience Invest to discuss current prospects.
If you want to read more on this topic, follow this link to discover why property investors are considering PBSA when diversifying their portfolio.