The attraction of investing in a property in the world-heritage city is compounded by the large student population which during term time is in excess of 20,000 and includes many from overseas.
The large student population has placed additional pressure on current stock resulting in Bath seeing some of the steepest rent rises in the country. It is why the Georgian city is now one of the most attractive prospects for those looking to put their money in bricks and mortar.
Yields at the award-winning development currently stand at up to six percent*, and with a lack of quality student accommodation it has prompted parents of children studying at university to consider investing at Bath Riverside.
Those interested in buying one of the townhouses or apartments as an investment for the student market will be interested to know that Crest Nicholson will also help furnish the property with items that will appeal to those studying at either of the city’s two universities.
This includes items such as desks, beds and dining furniture making the whole process of letting the property even easier.
Susan Young, Crest Nicholson sales and marketing director said: “Opinion suggests that a far more attractive return is offered by investing in new-build properties.
“Today’s students also have much higher expectations in terms of the standard of living they expect and the prevailing rental demand across Bath is now concentrating investor attention at Bath Riverside.
“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 return.
“Many also see investing in property as a means to not waste money on rent. It also helps to generate an income as well as a steady investment through capital appreciation.
“With Bath Riverside being the most significant property development in the city, it is not surprising we are attracting investors who are looking at new build for letting opportunities right in the centre of town.”
Current availability at the development includes one and two-bedroom apartments in Leopold House and four-bedroom houses on Longmead Terrace. And as demand continues to outstrip supply this will, according to the Crest Nicholson team, result in both rent and capital appreciation continuing to rise.
Nick Gale of Crisp Cowley added: “Bath Riverside offers investors the best opportunity in the Bath area and consistently delivers higher returns than any other development. The properties available are ideally suited to today’s typical tenant and its central location is also ideal.
“For anyone buying a property in September and who takes advantage of Crest Nicholson’s student furniture package will be keen to know that we can have it let to good quality students paying in advance, within a few days of completion.”
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.
* Based on current valuations