UK Property Investment: Diversify Your Portfolio in 2024
Are you looking to build your wealth in 2024? Residential property is only the tip of the iceberg in UK property investment, with several alternative classes providing high yields and stable returns in the UK today. Today we are going to discuss how you can diversify your investment portfolio for the rest of 2024 and beyond…
There are several lucrative and exciting UK property investment opportunities in the property market at present, and we are going to take a look at each of them in this article. Find out more about student accommodation and its growing demand, the attractive world of holiday let investment, and discover the benefits of assisted living investment.
What are Alternative Property Investments?
Alternative investments in real estate refer to any type of property that isn’t conventional residential or commercial properties. These can include properties such as holiday lets, storage units, assisted living, land development projects, real estate crowdfunding, and many more. Below we are going to be discussing 3 of these types of property in depth, allowing you to make an informed decision about your next venture.
Student Accommodation
The UK boasts some of the best universities in the world, attracting students from global communities. This increasing demand for student accommodation presents several investment opportunities for savvy investors looking for alternative investment avenues.
According to research, over the past decade, there has been a 30% increase in student enrolment across the UK.
The student accommodation market offers some of the highest returns on investment. This is because, unlike traditional buy-to-let properties where landlords deal with single renters or families, with student accommodation, a landlord tends to deal with groups of students, which translates to higher yields. According to recent market analysis, student accommodation investments generate a net yield of anywhere between 4% and 6%.
Vision, a student accommodation in Huddersfield, is located adjacent to the new Health and Innovation Campus, making it a prime location for UK and overseas students alike. Investors can earn 10% assured NET returns for 3 years, with prices starting at £86,995.
Holiday-Let Property
The UK holiday let investment market is growing, and it’s easy to see why. The UK has a thriving tourism industry, with millions of visitors flocking to its captivating landscapes, historic sites, and vibrant cities each year, ensuring a consistent demand for holiday accommodation.
There’s also the matter of current economic conditions that mean that many people in the UK are planning to holiday in the UK for the foreseeable future. This follows a shift in behaviours over the last few years. Since the pandemic, many UK holidaymakers are favouring locations like the Lake District, Wales, or Cornwall ahead of foreign destinations. There are many wonderful holiday destinations on our doorstep and more and more people are taking advantage of these locations.
Waterview Place, a holiday let location in Whitehaven, offer investors an ideal short-term opportunity. These stunning waterfront properties offer 11% NET yields, with prices from just £97,500.
Assisted Living Property
Assisted living investment is a relatively unknown investment class. This type of investment involves investing money into private accommodation and support services for elderly or disabled individuals who need assistance with daily activities. This private accommodation offers a range of services such as meals, housekeeping, personal care, and medical assistance. This allows residents to maintain their independence while receiving necessary support.
Investing in UK assisted living can be a good idea for several reasons. Firstly, the ageing population in the UK is increasing, leading to a growing demand for assisted living facilities. As people live longer, there is a greater need for specialised care services tailored to their needs. All running and repair costs are covered, and with long leases, it provides a stable income for investors over time.
Harworth House, an assisted living investment in Doncaster, currently offers 10% NET yields for 25 years. These types of returns are extremely difficult to get in other property investment classes.
The Knight Knox Podcast
Ever wondered where to invest your money for maximum returns in the dynamic UK property investment market? Perhaps you’re curious about the promising realm of assisted living property investments.
Join Property Consultant Henry Oliver and Senior Property Consultant Adam Bearman as they unveil the best investment classes of 2024. Delve into the world of student properties, coveted for their skyrocketing demand, explore holiday let investments, and get to grips with the benefits of assisted living property ventures. Watch or listen to the full episode:
