Thanks to Bristol’s burgeoning property market and an ever increasing need for student housing, savvy parents can make a wise investment in the growing student buy-to-let market.
Instead of watching thousands of pounds trickle away over three or fourto five years in rent, parents are helping their children onto the property ladder and generating rental income by letting out rooms to other students for the duration of their degree. The practice doesn’t just help the students but has the added benefit of freeing up much needed family sized homes across the city.
Apartments at The General – Bristol’s newest development of luxury apartments in the converted Bristol General Hospital - offer the ultimate luxury pad for students to call home. Built by heritage developer City & Country, the Whathouse? Housebuilder of the Year, the apartments are within walking distance of Bristol University and benefit from a city centre location, whilst the vibrant night life of Bedminster is also nearby.
Vicky Dudbridge of Savills, Bristol comments: “At Savills we have seen a marked increase in the demand for student properties by parents from the UK and abroad. Parents from abroad often see the advantage of investing in property whilst their child is at university in a new country; the immediate rental cost saving whilst also benefiting from market and economic growth makes for a great incentive. There is excellent capital growth potential in investing in Bristol, particularly in a property like The General. The highly renowned University of Bristol draws in a wide range of wealthy UK and overseas investors and its continued placing in the top ten of UK universities is sure to increase this demand furthermore.”
The apartments offer a blend of unique period features and striking, contemporary interior specifications, including video entry, Neff appliances, Ballerina kitchens and stylish bathrooms by Laufen. Located in a prime waterfront setting, many of the apartments boast views of the water from private terraces.
Properties are currently available off plan and with first completions taking place in March so will be complete before the summer -, well in time for 2015’s new intake of students.
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