Investing in properties can be a smart financial move. This type of capital formation delivers a steady income stream, long-term appreciation and a tangible asset. In addition to these benefits, you can increase your returns by investing in student housing. The student housing market offers investors a variety of advantages, such as a reliable tenant base, high demand and low void periods.
Why you should consider being a property investor
There are several reasons for becoming a property investor, including:
- Receiving a steady income: Renting out a property, such as X1 Cheltenham Place in Manchester, provides a steady income, which can be especially valuable for those looking for a reliable source of passive earnings.
- Taking advantage of long-term appreciation: Real estate in the UK has historically appreciated over the long term, which results in significant capital gains for investors.
- Owning a tangible asset: Investing in property is investing in a physical item, which offers a sense of security due to its palpable nature.
- Having flexibility: You can choose a variety of investments, such as short-term or long-term rentals, vacation rentals, and even flipping properties (the process of purchasing a house or flat and selling it quickly for a profit).
- Diversify your investment portfolio: You can diversify your investments and spread risk by adding property investments.
- Having more control: As an owner, an investor can manage the property independently and decide everything about it, including the rental amount and when to renovate.
The benefits of student properties
Investing in properties can offer many benefits, but the most successful investors are always looking for ways to maximise profits and reduce risks. One of the most effective ways of doing it is by investing in apartments for students.
Students have a fixed academic schedule and are typically committed to staying in the property for the duration of the academic term; this ensures a consistent and reliable demand for rental properties. Additionally, the need for student housing is consistently high, as the number of students attending universities continues to grow.
X1 Cheltenham Place helps to fix the demand crisis
According to the MEN from StuRents, a student property search site, the student accommodation deficit in Manchester, where X1 Cheltenham Place is located, is about 7%. It means that there are 4,000 more students than there are rooms available for them in the city.
Manchester is home to one of the largest student populations in Europe, with more than 100,000 undergraduates enrolled in five major universities (University of Manchester, Manchester Metropolitan University, University of Salford, University of Bolton and University Academy 92). A further 400,000 students attend universities and higher education institutes within a one-hour travel radius. Additionally, the number of international students studying in the region is increasing and adding more pressure to the market.
The formula is easy to understand. High demand and a reliable tenant base lead to low vacancy rates, minimising the risk of rental income being lost.
Low prices for investors, many benefits for students
Another advantage of investing in student properties is that they are typically cheaper than traditional rental properties, making them more accessible to investors who are just starting or have a limited budget.
Many student properties are also fully managed, which means that a property administration company handles all aspects of the property, including finding tenants, collecting rent and dealing with repairs. This could be an excellent choice if you want to avoid the hassles involved in the investment process.
In Manchester, X1 Cheltenham Place and many other student properties are built to luxury standards, with high-quality amenities such as gyms, study areas, and shared spaces, making the property more attractive to potential tenants. Furthermore, the monthly rent often includes electricity, water, and internet bills. Lastly, student properties usually offer higher yields than traditional rental properties.
Find out more about X1 Cheltenham Place
X1 Cheltenham Place is a high-quality student housing development built by one of the North’s leading developers, X1, specialising in student living. The project comprises studio apartments only, making it an affordable option for students and young professionals looking for a more compact living space.
Situated on the edge of Manchester’s city centre and close to Salford, X1 Cheltenham Place is ideal for students. Travel time is minimised, making it easy for students to study and participate in leisure activities.
The development features a range of high-quality amenities, including an on-site gym, laundry facilities, an open-air rooftop garden, communal areas and night security to ensure the safety and comfort of residents.
