British and international property investors looking for new opportunities in the UK could do a lot worse than looking to Luton.
Not only is this town one of the best located and most popular London commuter hotspots, it also provides a route into the increasingly lucrative student accommodation market, since it’s home to a campus of the University of Bedfordshire.
Award-winning developer Opto Property Group has delivered three student properties in Luton: Opto Village, Park House and Chapel Street, which features in the video at the top of this page.
Completed in September 2016, Chapel Street is a £9 million development of 87 studios and en-suite rooms that offers a range of high-end features and amenities for students.
Its most attractive facilities include an on-site gym, a games room, a roof terrace and a courtyard.
The video features Jerald Solis, business development and acquisitions director at Experience Invest, who speaks about how much the students have been enjoying living at Chapel Street. The property has consistently delivered almost 100 per cent occupancy rates since it opened at the start of the 2016-17 academic year.
This is an encouraging sign for buyers, who will want to feel reassured that their investment will see strong demand from tenants and therefore deliver steady, reliable rental yields.
After the completion of Chapel Street, Opto Property Group turned its attention to Opto Village, another housing development for students at the University of Bedfordshire. This property was finalised, on time and on budget, in the third quarter of 2017.
Since then, Experience Invest and Opto Property Group have continued to support the supply of property in Luton with the launch of Imperial Square, an off-plan development of one- and two-bedroom apartments conveniently located in the centre of town.