Purpose-built student accommodation is one of the most exciting and potentially lucrative asset classes available to property investors in the UK at the moment, with strong and steady demand for places at higher education institutions fuelling consistent rental yields for owners.
In this video, Experience Invest offers a look inside one of the best examples of what this sector currently has to offer: Spring Place in Luton.
Known more informally by its residents as Opto Village, this £13.2 million project was delivered by award-winning developer Opto Property Group, on time and on budget in the first quarter of 2018.
Its en-suite and self-contained studio apartments provide accommodation for students pursuing courses at the nearby University of Bedfordshire, with additional high-end features to help tenants keep up with their studies and also make the most of their free time.
The video includes first-hand testimonials from residents of Spring Place, who talk about the various advantages of living there, including the option to personalise their own space, having a quiet place to study and the well-equipped kitchens and bathrooms.
Furthermore, the development has a gym, on-site laundry facilities, a games room, study areas and even a cinema room.
Families who are sending their children to the UK to study from overseas will appreciate the security provided by 24/7 CCTV coverage and controlled building access, as well as the option to keep in touch via the property’s high-speed wi-fi.
Watch the video to find out more about Opto Village, and why it is such an appealing prospect for students and property investors alike.
This is one of many projects that could interest buyers looking for a route into the UK’s fast-growing student accommodation sector. Other developments offering potential for strong returns include Opto Student Newcastle and Aura Student Liverpool.