Salford – A student investment hotspot

The University of Salford and the surrounding areas have been experiencing sustained growth for some time now and have entered a new age of prosperity. Salford’s property market has been a remarkable success story, most notably around the Salford Quays area where MediaCityUK is now flourishing. Home to the BBC and ITV, property values in around the picturesque Salford Quays waterfront have soared. Working closely with the BBC, the University of Salford has also seen applications for full-time students rocket as the reputation of the course benefits from the relationship.

Salford – A student investment hotspot

The University of Manchester and Manchester Metropolitan University have been on a similar trajectory too. The problem so far has been an issue of finding space to accommodate the thousands of students each year who fight it out for the best places available at Greater Manchester’s prominent institutions. There is an abundance of quality student accommodation in Manchester city centre, but the newest and most impressive developments can be found in the neighbouring city of Salford.

Located only a short distance from MediaCityUK, the University of Salford is perfectly placed to tempt British and international students to its programmes. It has also recently opened its flagship £35m New Adelphi Building which is the home for many of the University’s School of Arts and Media courses – art, design, fashion, photography, music, performance and dance – as well as the School of the Built Environment’s new architecture programme. The building’s 15,000sqm of floor space over 8 storeys provides a purpose-built facility for students to work to professional standards and collaborate with top industry professionals in a state-of-the-art environment. Impressive developments such as the New Adelphi Building only serve to make Salford an even more popular destination for students than it already is.

The University of Salford has approximately 19,000 students enrolled on its various courses, and this number is increasing every year. Of those students, more than 90% are not housed by the university, and instead require private accommodation. The fact that thousands of students are hunting for accommodation at the same time means that the highest-quality apartments are snapped up rapidly every year. The significant gap between the supply of high-quality apartments and the overwhelming demand means that there are few better areas of the UK in which to invest in purpose-built student accommodation, especially as rental yields and capital appreciation in Salford continue to go from strength to strength.

X1 The Campus is a luxury purpose-built student accommodation situated next to the the University of Salford’s Frederick Road Campus which hosts the majority of the university’s flagship nursing programme. The development will provide 271 luxury student studio apartments within walking distance of the University campus and are sure to be extremely popular with students.

The apartments themselves are spacious and bright, making the best use of natural light to provide tenants with a pleasant living experience. Each apartment is fully furnished and equipped with modern fixtures and fittings, and the development will provide residents with outstanding extra amenities such as an on-site gymnasium and underground parking on selected units.

The UK student investment market is booming like never before and this is the perfect time to invest. Developments like X1 The Campus are leading the way and providing the best student accommodation available. If you would like to know more, please enquire today!

Quarterly Report vertical - April 2019

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