Looking to study a media in Manchester? Aspire to work at the BBC? Or simply just looking for a one of a kind student let? Look no further, we have the ideal property for you.
The BBC’s move to Manchester has seen an increasing interest in Media related degrees amongst students applying to Salford University. No surprise as the corner stone of British TV would be the dream job for any budding media student. The university has already began an extensive investment programme, pumping £55 million into new academic spaces as well as a further £81 million on new accommodation.
But with 14,000 full time students vying over just 3,002 bedrooms, around 80% of students are left to source alternative accommodation, making investment into student lets in the area a lucrative one. The Media City in Salford Quays is lacking purpose built accommodation and so this new development of Discovery Quays is perfectly placed for both students at the Salford and Media City campuses.
Discovery Quays is going to be a first of its kind, designed to accommodate all the needs of a modern student. Beautifully designed, the two separate student blocks lie within walking distance of the both university campuses and a wealth of other points of interest and transport links.
The development is due to complete in the summer of 2018, but studio flats are already on the market starting as low as £89,000. Although they won’t be ready to exchange until June of this year, you can reserve one now with eMoov for just £5,000. They come fully furnished with built in storage, with access to both laundry and gym facilities as well as the state of the art media and communal facilities.
With Manchester being home to the largest student population in Europe, the development couldn’t be better positioned and offers a potential gross return of up to 9.4%. Not only this but property demand in Manchester is up 12% year on year and, over the course of 2015, the average house price in the city climbed by 7%.
If there is a better student let opportunity on the market right now, we certainly haven’t seen it.