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Students demand WiFi, ensuites and communal areas from their university accommodation
May 3, 2012Article by Ray Withers
Wi-fi, en-suite facilities and communal areas are the most important features for higher education students when choosing accommodation according to a recent survey by Unite, developers and managers of purpose-built student accommodation in the UK.
As well as these demands, Unite also discovered that location, security, price and cleanliness are important factors for a happy student life and as a result, universities across the UK are pushing hard to ensure that they can accommodate today’s student requirements.
While UK universities are working to provide new-build and refurbished student accommodation there is a continuing need for more to be built in order to cope with surging demand. The current shortfall in specific higher education accommodation is reinforced by the Unite survey which discovered that 17% of students currently live at home, while another survey of school-leavers carried out at the end of 2011 found that 16% were planning to live at home in 2012-13.
Ray Withers, CEO of student property investment specialists, Property Frontiers, comments,
“Although there has been a very small reduction in student applications this year, most likely caused by the introduction of increased tuition fees, the UK has some of the world’s best educational institutions and we will no doubt see a growth in student applications next year once the dust settles.
“Indeed, it is of the upmost importance that we continue to build high quality student accommodation to meet demand and student’s expectations. Universities alone cannot be responsible and this is why we are now in our 9th purpose built student accommodation project in one the UK’s biggest university cities, Liverpool. These investments allow us to meet the student demand for housing whilst providing our investors with the opportunity to own one of the best asset classes around. All our completed student projects have achieved 100% occupancy so the results speak for themselves!”
“But it’s not just investors that are a concern to us. We at Property Frontiers are meeting the demands of students with all our student accommodation developments with Wi-fi, en-suite bathrooms and shared common rooms as standard, all situated in the thriving city of Liverpool.”
One such happy customer Paula Gomez, who is studying in Liverpool, chose to live in Streatlam Tower, one of Property Frontiers previous student projects commenting,
“I came to Liverpool to study English. Since I arrived 4 months ago, each day I am happier living here. The house is well situated near the city centre and all rooms are well equipped with everything you need including Internet and TV. Additionally, each floor has a huge kitchen and several bathrooms. Being away from home is hard but the truth is that living here has made things much easier.”
For global investors looking for the perfect opportunity new high quality private student housing developments such as The Paper Mill, Liverpool could provide the answer.
As the latest student accommodation development from Property Frontiers, The Paper Mill offers en-suite student rooms set within a well located refurbished building in central Liverpool from just £48,000.
Comprising 102 en-suite student rooms, The Paper Mill sits within a superior location; situated in the heart of Liverpool, adjacent to Liverpool One shopping centre and offers investors a 10% NET yield assured in year 1.
The Paper Mill units are now 60% sold so make sure you make your mark and contact Property Frontiers on +44 1865 202700.