Bedford is one of the top performing university towns when it comes to its housing market, making a purchase here a sound investment choice. Data from Halifax Bank showed that property values across Bedford, Luton and Aylesbury, the towns that make up the University of Bedfordshire, increased 42% over the past three years, the time it took many students to complete a degree. Investors looking to capitalise on this ongoing trend should take a look at De Montfort Place by Storey Homes, where the range of contemporary one and two bedroom apartments make an ideal buy to let investment.
In the analysis of property values in 65 university towns, the towns of the University of Bedfordshire together topped the list with the greatest percentage increase. While the university brings investment, vibrancy and a population of thousands of students to Bedford, there is also a growing demand from young professionals for high quality rental homes, meaning a strong buy to let market. Within walking distance of the university campus, the town centre and the train station, De Montfort Place is conveniently located for tenants that want to be close to everything that Bedford has to offer.
Katy Jordan, Managing Director of Storey Homes, comments: “Demand is increasing for rental homes in Bedford with a good standard of specification and the area makes a savvy choice for investors who can see for themselves how well the market has performed in recent years. Parents may want to buy a property for their children to live in while studying at the university, but young professionals also make up a major part of the tenant market. Potential landlords can be reassured that buying a brand new apartment at De Montfort Place would be an easy, low maintenance option, where they can benefit from a sound rental yield and good long term prospects.”
De Montfort Place offers a range of property types ranging from one-bedroom apartments to five bedroom houses and homes are approaching build completion. The apartments are set in two substantial mansion style buildings with traditionally inspired red brick and render facades. The architectural style is a nod to Bedford’s Victorian vernacular, meaning the new development blends well with its surroundings of established tree-lined streets.
Inside the apartments at De Montfort Place open plan kitchen and living spaces are designed to make the most of space, many with large bay windows to maximise natural light. The high-quality specification includes contemporary kitchens with a range of integrated appliances and stylish units. Modern construction techniques ensure the homes are energy efficient, keeping utility bills low, while secure, allocated parking and cycle storage rooms are provided for all apartment residents.
Bedford is rising in popularity among young professionals thanks to its improving commuter connections. Major upgrades taking place to the Thameslink line is making rail links between Bedford and London better, with increased capacity thanks to more frequent services and longer trains. De Montfort Place is just over half a mile and an easy walk from Bedford Station and journey times into London St Pancras take around 50 minutes. For travel by car, the M25 is just a few miles away and for journeying further afield, Luton Airport is around 40 minutes away.
The University of Bedfordshire campus in Bedford is less than two miles away from De Montfort Place and is the location for the university’s well-respected teaching and physical education schools. The town itself is attractive and convenient, offering an extensive range of retail and leisure facilities. It benefits from one of the finest riverside settings where there are plenty of opportunities to enjoy its many parks and green spaces.