Stoke-on-Trent student property: A booming market
Stoke-on-Trent isn’t usually the first location you would think of when it comes to deciding where in the UK to invest in property, but the Stoke-on-Trent student property market is one of the most underrated in the country.
Benefitting from a host of stellar universities in and around the local area as well as an extremely strong economy benefitting from the ongoing ‘Powering Up Stoke-on-Trent Prospectus, Stoke-on-Trent offers a truly excellent location for investing in student property.
Why invest in student property?
Before we break down the local market in Stoke-on-Trent, it’s important to understand what student property investment is and why you should consider this booming investment class.
According to historic HESA data and Savills projections between the 2016/17 and 2022/23 academic years, the number of full-time students in the UK will have increased by over 15% in the UK, with more and more looking for student accommodation during their studies.
The imbalance between available stock and demand for student beds has been well-documented over the last few years, with universities across the UK struggling to deal with the rising number of students in need of accommodation during their studies. This has resulted in even greater demand for privately-owned, purpose-built student accommodation.
In addition to the immense demand for purpose-built student accommodation (PBSA), student property benefits from a lower entry point than both residential and commercial property investment thanks to the smaller units available. Whilst price points are lower, student properties still offer a substantial rental return, resulting in much higher yields on offer.
One of the biggest positives of student property is how strong the market remains regardless of external economic factors that affect other investment and housing markets. PBSA is rarely impacted by economic fluctuations and uncertainty, something that has been extremely evident over the last few years as student numbers continues to rise despite factors like Brexit or the pandemic.
Investing in student property offers investors the chance to earn a strong rental income in an extremely stable market, regardless of external economic factors or housing market uncertainty, but why should you focus on Stoke-on-Trent student property in particular?
Stoke-on-Trent student property
The city is home to one of the most popular universities in the country in the form of Staffordshire University. The establishment was recently named 4th in the Best UK Universities category, 9th in the Best UK Universities for Job Prospects category and 14th in the Best UK Universities for Course Content at the StudentCrowd University Awards, only enhancing the university’s already impressive reputation.
Staffordshire University is home to around 15,000 students, with that number consistently increasing each year. In the last year alone, there was an impressive 5% increase in the number of students in the city according to Savills, bettering the likes of London, Birmingham and Glasgow to name a few.
This consistently increasing number of students from throughout the UK and even from around the world has seen the demand for privately owned student property in the city continue to grow, resulting in a strong market for property investors looking to expand their portfolios.
Invest at Axiom today!
If you are looking to expand your investment portfolio, look no further than Axiom. A tasteful conversion of a significant building in Stoke-on-Trent, Axiom will provide 161 student studio apartments just over a mile from Staffordshire University.
From proven student property developer Abode, apartments at Axiom will set a new standard for luxury student living in Stoke-on-Trent. Prices start from just £84,999, with the development offering guaranteed annual NET returns of 7.5% for 2 years.
The development only launched this week and has already been extremely popular amongst investors, so if you’re interested in investing be sure to get in touch today to secure the best available apartments!