Bradford is one city that is crying out for new student housing, which means investors have a great opportunity to make money. The growing influx of students has put even greater strain on the already flooded rental market, meaning students are on the lookout for good quality apartments.
Bradford is the sixth largest city in the UK, and it offers a diverse and friendly social and cultural scene. There have recently been vas investments in transportation around the city, making it a more attractive venue for students, workers and residents alike. The growing appeal of the city means that it now boasts an economy of £10 billion and it plays host o more than 15,700 businesses.
This has all lead to high rental returns in the area, with one Bradford postcode ranking 12th in the list of top UK locations for rental returns. As the area booms, so does the university, making student housing in greater demand than ever before. There are now 30,000 students in the city at any one time, and 21% of those come from overseas. The University of Bradford is leaping up league tables and six of the subjects it offers are within the top 20 in the country. This all continues to bolster the international acclaim of the institution and with it comes a great demand for accommodation.
Lennon House Development
"With such high demand for student accommodation, occupancy is rarely an issue, making the Lennon House development a superb opportunity for anyone looking for an easy investments."
The Lennon House development is located in central Bradford and is made up of 58 beautiful student studios, each built with study, relaxation and socialising in mind. In this day and age, students are looking for higher quality property with more facilities that the traditional student house has typically boasted. That is why the Lennon House development also has communal areas, study rooms, laundry facilities, a gym and even its own cinema room.
The development backs on to the University of Bradford and is in touching distance of Bradford College and Bradford Interchange, so it is not surprising that it already has a full tenancy record for 2017-18.
Investment opportunities in Lennon House offer 8% net rental returns assured for two years. There are two types of studio available both with 19 square metres of space. The Premium Studio costs just £53,495 and the Executive Studio is only fractionally more at £54,495. As the development is already completed and operational, you can make your investment and start enjoying your returns straight away.
For more information on Lennon House or on property investment in Bradford, please contact Hopwood House.
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