Parents of children set to study at either of Bath’s two universities are being steered towards the city’s leading new property development where the trend to buy for university bound offspring has seen a steady increase in recent years.
With a lack of quality student accommodation in the world-heritage city and a student population in excess of 25,000, the Georgian city has always been an attractive prospect for investor parents looking to make a good return while giving their child somewhere decent to live during their studies.
More recently, a crackdown by Bath and North East Somerset Council (B&NES) on the issue of licences for Houses of Multiple Occupation (HMO) has meant there is additional pressure on the number of properties available as student lets.
As a result, canny parents have been putting down deposits on properties so their son or daughter will have somewhere to live once they head off to their studies in the Autumn.
Currently leading the university investor table is Bath Riverside, the impressive new development on the south banks of the River Avon which has seen capital growth of seven per cent in the last 12 months.
Excellent public transport links to both campuses from the development, including a number of bus stops just outside the development entrance, makes it easy to get to and from lectures and the proximity to the centre of Bath, which is a pleasant 15 minute walk along the pedestrian, car-free tow path, is also seen as a great benefit.
Latest availability includes a selection of first class apartments in the ultra-stylish Royal View building which, with its waterside setting and impressive views, are bound to inspire those studying for a degree.
Danielle Simpson, sales manager at Crest Nicholson said: “With the exam season in full swing and results out in August, parents have sharpened their minds to securing a place for their child for the duration of their studies and the number of enquiries from parents in recent months has been very noticeable.
“Those not wanting to waste money on rent see this as a much better alternative, especially when you consider average student rent in Bath works out at around £160 per week.
“Parents looking to invest see new properties as the preferred option as, unlike older properties, they don’t come saddled with hefty maintenance bills. Striking now would mean getting the most from the investment not only in terms of potential equity, but future rental returns and capital growth.
“Looking further down the line the University of Bath’s standing as one of the top five universities in the UK and the city’s appeal to foreign students makes the world heritage city a stable bet for those looking for a decent long run return.”
For further information please call 01225 463517 or visit www.crestnicholson.com/bathriverside
The marketing suite on Victoria Bridge Road is open daily from 10 am to 5pm.