Newcastle is one of the UK’s most appealing destinations for students not only from Britain, but from overseas as well.
The city is home to two major higher education institutions – Newcastle University and Northumbria University – as well as a unique culture, heritage and lifestyle that attract students from around the world.
As a result, demand for student accommodation is particularly high, with nearly two-thirds (65 per cent) of the total student population unable to access purpose-built housing from either their university or the private sector.
One development that is helping to meet this need is Opto Student Newcastle. As you can see from this video, the property will offer plenty of features to help residents enjoy their free time and also get on with their studies, including a modern gym, a games room, a roof terrace, on-site management and 24/7 CCTV coverage.
The development is well-situated in Newcastle’s popular quayside area, with both universities within a 15-minute walk.
All of the 223 self-contained studio suites will be delivered fully furnished and ready to let – a big benefit for buyers as well as students who want to settle right into their new accommodation.
Owners of units at Opto Student Newcastle can expect to see high demand, particularly from the international attendees who make up 15 per cent of the city’s student body.
The property is being delivered by the award-winning developer Opto Property Group and will be fully managed by Opto Living, providing further reassurance for investors.
It is sure to prove a high-yielding, income-generating asset, particularly for early investors who were able to secure eight per cent net annual rental returns for five years.
This is just one of a number of enticing investments currently available in the UK student accommodation sector, with properties like Aura Student Liverpool offering key benefits and incentives of their own.