Student Rents Increase Year on Year

There are highly positive signs for the student accommodation market following research undertaken by "Accommodation for Students" with the average rent in the UK for student accommodation rising 3.1% from 2012 to 2013.

London leads the way with higher weekly rents, but locations including Salford in Greater Manchester have seen average rents rising by 15% year-on-year. Invest in Riverside House student accommodation investment Salford.

Generally, the greatest increases in rent are in the South of England, with locations such as Southampton seeing a 10% increase. Invest in Southampton student accommodation.

The research indicates that 70% of students prefer the all inclusive option where their utility bills are included within the rental price, as this helps them to budget and keep track of their finances.

Students also have a preference towards private halls of residence, as opposed to university owned halls. Private halls of residence, such as Riverside House in Salford are in prime locations close to the university campus and offer students brand new purpose built accommodation with an excellent range of facilities and all inclusive bills, which is highly attractive for students.

Director of Accommodation for Students, Simon Thompson, commented, "The student accommodation market remains robust and is still one of the most attractive yield classes for property investment. We are still seeing large scale development in student accommodation up and down the country."

Riverside House Student Accommodation Salford

Riverside House private halls of residence in Salford provides students with luxury accommodation, ideally located just 0.5 miles from the University of Salford and 1 mile from Manchester city centre and is set to benefit from the 15% annual increase in rents reported in the Salford area.

The student property is imminently due for completion, ready for occupation for the 2013-2014 academic year. All student pods are en-suite with a shared luxury kitchen and lounge for each flat, all completed to a very high standard.

The popularity of the University of Manchester is just one of a number of demand generators for the Riverside House student accommodation project. This superb new student development is just 2 miles from the University of Manchester which can cater for the university's 39,732 students.

Manchester has the largest student population in Europe, with three large universities generating demand for private halls of residence:

• University of Salford = 19,000 students
• University of Manchester = 39,732 students
• Manchester Metropolitan University = 37,000

Luxury en-suite student pods in Riverside House can be purchased for £59,000 with investors receiving an 8.24% net yield assured for the first year and a profitable exit strategy.

Availability at Riverside House is strictly limited, therefore we advise investors to act promptly to avoid disappointment.

For further details on the excellent Riverside House student accommodation investment, please click here.