- The University of Bristol has over 22,000 students yet provides just over 6,000 beds (The University of Bristol)
- Latest UCAS data reveals that whilst applications might be down nationally, the University of Bristol remains a popular choice (Pro Vice-chancellor, University of Bristol)
- ‘Perfectly situated next to the new university campus, The Grosvenor is the ideal PBSA investment’ (CEO, Properties of the World)
Bristol is a thriving city, situated just 120 miles from London and home to over 22,000 students studying at the University of Bristol (2016/17). However, just over 6,000 beds, just 27%, are available to these students via the university according to their website.
It is clear that demand for student accommodation in the city is high not only from the booming student population but also with investors looking for a cheaper way to enter the buoyant market. With property prices rising faster than London (Hometrack) and around 16,000 students not being offered accommodation by the University itself, investment into PBSA (purpose built student accommodation) In Bristol is an attractive proposition.
The Grosvenor, available through Properties of the World is the ideal student accommodation investment option within the city, offering 144 studios located next to the new £300 million University of Bristol campus set to open in 2020.
The University of Bristol is one of the most popular and successful institutions in the UK according to the QS World University Rankings for 2016-2017. It is firmly in 9th place and according to Dr Erik Lithander, Pro vice-chancellor, the latest UCAS data has revealed that applications might be down nationally yet the University of Bristol remains a popular choice.
DrLithander explains that the total student numbers attending for the 2016-17 academic year were 22,427 and that the university’s aspiration was to grow their student body by around 3% for the 2017-18 academic year.
Indeed, with the University of Bristol so determined to grow its population so too is the local student property market.
Jean Liggett, CEO of visionary property investment consultancy Properties of the World explains further why the Bristol market is a great opportunity for those looking at student property as an investment choice,
‘Perfectly situated next to the new University of Bristol campus for 2020, The Grosvenor is the ideal investment. Demand for student flats in this area is expected to be high as the convenience of being able to access campus quickly and easily will be a top priority for students.
“The site is also opposite Temple Meads train station so if you are looking for a promising investment in this booming city where the average price per student bed is over £10,000 more than the Grosvenor (Knight Frank), then now is the time to act as units are selling fast.”
The comfortably sized student apartments offer a modern living space in Bristol Temple Meads. The apartments consist of a single bed with en-suite bathroom facilities, a kitchenette finished to the highest standard and facilities such as a laundry room, gym, secure storage, communal lounge areas with pool tables and ample study spaces.
From £99,000 per studio, the 6-floor block, with 144 apartments are a unique investment opportunity that provides a passive property investment that delivers 7.5% NET return for 5 years with an option to extend.