Demand For Student Property In Newcastle. With the rise in student living across the UK, students are starting to look for cheaper cities to live in. Newcastle happens to be one of those cheaper cities. And, with having two Universities, Newcastle and Northumbria both have a whopping student population of 50,000 (approximately) across both universities.
The average cost of student living in Newcastle can vary (see image). Meaning students are going to have to budget more than ever. On top of that, students are having to look for accommodation for September.
“Student accommodation is set to become more competitive than ever this September. As Universities look to prioritize campus-based learning again for the first time since March 2020” (PROPERTY REPORTER, May 2022) while students are starting to see the cost of rent go up.
Not only has Newcastle got two of the best Universities in the North-East. And with its amazing atmosphere, city life and a range of activities. It’s also one of the cheaper cities for students to live in.
“Northern Universities seem to be benefiting from students wanting to live further up North in cheaper cities to enjoy the student life as much as possible. As well as reduced the cost of daily necessities. ”(PROPERTY REPORTER, May 2022) being a student doesn’t come cheap.
Demand For Student Property In Newcastle. Newcastle is one of the safest investments for student accommodation, with average rental yields of 5.9% and can move up to 8% for more active places within Newcastle. You should always do your research before investing. And with Quayside West Studios this is what you’ll be guaranteed to get while investing in this student accommodation.
• 7% rental yields
• Hands off, fully managed investment
• Luxurious Interiors
• No stamp duty
A bit about Quayside West Studios
Quayside West Studios will be built on the stunning Quayside, making the accommodation a cultural hotspot. By having Millennium Bridge, Baltic Centre for contemporary Art and the Sage a short walk away. With this student accommodation, studios will have 118 units to give a luxurious and modern style to the students.
While students will be searching for the perfect accommodation that suits all their needs and requirements. Not many student accommodations that are based in Newcastle have everything like a café, gym, cinema room and much more. But you do know that Quayside West Studios has all these facilities. Not only does QWS come with all of that, but all residents will receive a free-of-charge electric bike to encourage a greener approach to get around the city.
This is the perfect time to invest in us. We will guide you along the way to make sure the investment runs smoothly and giving you updates on when the construction is under the way.