Canterbury property prices are booming – here’s whyMake Text Bigger
What is the reason behind the 60% price rise of Canterbury property over the past 10 years?
Supply and demand. Forty six thousand of the total population of 149,000 people living in Canterbury are students. The Universities only provide 22.8% of the current demand; which means that over 35,000 students are renting in private tenanted accommodation.
The number of students living in private rented accommodation is driving up the prices of family homes due to shortage in supply. The present trend is for local governments to adopt the Article 4 Directive which requires special permission for family homes to be occupied by three or more unrelated tenants.
There is push towards purpose built accommodation like the Canterbury Student Village; a 336 room development within walking distance from the university campuses and town centre. Students will enjoy living in one of the en-suite rooms or studios which come fully furnished in a secure canal side development with a commons room and onsite laundry.
Investors will reap the rewards of a 9% rental assurance (£ 5,400 to £ 6,750 per annum) which has been granted over 5 years, thereby providing a secure hand free investment. Student numbers are ever increasing in the historic medieval town which is within easy reach of London.
For more information on how you can grasp a hold of steady income from one of these student investment properties as early as December 2013 please complete the enquiry form below.
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