Are students shaping the UK’s buy-to-let market?

Over the last few years, UK student housing has transformed from rundown properties to stylish purpose-built rooms in modern, student-friendly villages.

The sector witnessed a record £5.7 billion worth of investment in 2015 and investors have continued to plough their money into this lucrative housing market.

Investors and students alike have entered a new era which provides safe, secure and modern housing for tenants who often are treated unfairly by landlords.

One management company, Opto Living, which operates a selection of student rooms in Luton, has been inundated with enquiries from students looking to stay in their developments.

“Since opening the doors to our first student property development in Luton two years ago, we have seen a stark rise in the amount of people who wish to stay in our style of purpose-built accommodation,” an Opto Living spokesperson commented.

“Students have moved away from shared houses with old facilities and expensive utility bills in favour for our new-build developments which have a clear pricing structure. All of our students seem to think that they have saved money by renting through us as all of their bills are included in the price.”

Opto Living manages student rooms in Luton and has two new-build developments; Park House and Chapel Street.

Both buildings have a modern gym, cinema rooms, communal indoor and outdoor spaces, on-site laundry, 24/7 CCTV and a manned reception.

Students have the choice of en-suite or self-contained studio suites however, those looking to study at the University of Bedfordshire should act now to avoid disappointment.

“Many of our students have decided to keep their rooms in Park House next year and we already have a waiting list for the 2016/2017 academic year,” an Opto Living representative stated.

“We hope that our new building on Chapel Street will help us to accommodate students who missed out last year,” they added.

 

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