(PRWEB UK) 16 July 2013 -- Loxley McKenzie, Managing Director of Colordarcy commented, “Middle East investors have clearly seen the long term potential of student property in Bradford which currently offers an excellent opportunity to make an instant return on investment, given that rental yields are among the highest in the UK for this sector.”
With this in mind, Colordarcy highlight five reasons why more property investors should be looking at the potential of Bradford as a student buy-to-let destination.
1. One of the most affordable places for students to live in the UK
The average rent per room for student accommodation in Bradford is among the lowest in the UK at less than £200 per room. With many overseas students already having to hand over more in tuition fees to universities in the UK, the low cost of living will continue to attract large numbers of overseas students to affordable university cities like Bradford.
2. Rental yields of up to 10%
Average property prices in Bradford are among the lowest in the UK at approximately 135,000 compared to nearby Leeds where the average is £160,000. The low cost of property in Bradford and a national trend of rising rents means that Bradford student property can be bought at a relatively low cost compared to other cities.
This is particularly true of the limited number of new key ready student developments in the city. Demand for student accommodation in Bradford means that rental yields of properties close to campus can be as high as 10%
3. Number of applicants to Bradford University increasing
Applications to study at Bradford University have increased by 0.4% despite the increase in tuition fees (Source: The Guardian). This compares to more than half of UK universities that have seen university applications fall according to the same source.
4. Bradford ranks among the top 25 universities for international student numbers in 6 subject areas
Bradford is well placed to attract a large proportion of non EU students arriving in the UK each year. The university ranks among the top 25 in the UK for International students in six subject areas including Politics , Chemical Engineering , Economics , Mechanical engineering , Civil Engineering and the combined subjects of Pharmacology and Pharmacy.
The university also has a high proportion of students arriving from China to study accounting and finance.
5. Increasing numbers of non EU students arriving to study in the UK will have a knock-on effect on demand for places at universities such as Bradford
The number of students from China arriving to study in the UK increased 17% (Source: UKCISA)
With Chinese students making up the largest percentage of overseas students studying at Bradford, (Source: University of Bradford) this dramatic increase can only increase demand for available accommodation. Bradford has also attracted an increase in the number of domestic students applying for places of approximately 7% according to the latest figures (Source: Savills).
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
For more information, supporting pictures or logo artwork, please contact:
Brett Tudor
PR Manager
Tel: +44 (0) 207 100 2393
Email: press(at)colordarcy(dot)com
Web: http://www.colordarcy.com/
Brett Tudor, Colordarcy Investment Ltd, http://www.colordarcy.com, +44 (0) 207 100 2393, loxley@colordarcy.com
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