Experience Invest is proud to welcome the new academic year with the announcement of the opening of Chapel Street student development in Luton, as the company furthers its interests in the up-and-coming town with yet more options in one of the most lucrative asset classes around.
The latest residence to open its doors to students is part of Experience Invest’s larger plans for Luton’s rental market, which will see the company eventually delivering just under 800 student bedrooms and 54 mainstream private rented sector properties in the town.
Part of the Think Luton! campaign designed to regenerate and rebuild Luton, Chapel Street has opened its doors to a full complement of residents, joining Experience Invest’s London Park House in this regard, with the 87 purpose-built, high-quality bedrooms having been snapped up long before the new university term even began.
New student development in Luton
Ranging from standard studio apartments to larger studios and double en-suite rooms, Chapel Street offers something for students on all budgets. With prices starting from £130 per week, students are able to secure themselves high-quality, student-centric properties at an affordable price.
The Chapel Street building was designed and constructed specifically with the student market in mind, allowing Experience Invest to deliver something that is both attractive to students and hugely beneficial to those investing in the high-demand marketplace.
Located just five minutes’ walk away from the main campus of the University of Bedfordshire, Chapel Street is one of a number of new student accommodation buildings in Luton that offers the ideal place to live for students. Featuring communal amenities and leisure facilities, such as a TV room, gym, pool tables and free Wi-Fi, the building really ticks all the boxes for the modern student.
Modern student living
The student development also has its own on-site cinema and meeting rooms, as well as a communal garden, so students can get to know each other and really experience the ideal university lifestyle.
Chapel Street is also home to a manned reception and a secure fob system of entry, leaving parents with the peace of mind they will no doubt be looking for when their children head off to university for the first time.
And for investors, Chapel Street is the latest instalment in terms of new options in a lucrative market in Luton.
As indicated by the quick speed at which the Chapel Street rooms were snapped up by students, demand in the student accommodation sector remains red hot at the moment, and investors looking for a lower-risk guaranteed return for a set number of years can really set themselves up with a low-contact, high-yielding investment in student property in what has quickly become one of the fastest growing towns in England.
And with a £1.5 billion regeneration plan in place for Luton, things are only likely to look even brighter for investors in years to come.