14:08 PM, 15th February 2016, About 7 years ago
Rathmell Hall is York’s newest student accommodation development, offering projected net yields of circa 7%.
Not only does the development offer its tenants luxury living quarters, but also on-site communal amenities to allow its student residents to get to know each other. These facilities include the likes of a common room, a laundry room and a fully
Rathmell Hall is a high-end conversion project located in York’s thriving city centre, only a stone’s throw away from the main railway station as well as shops, bars, restaurants and cafés, perfect for its student demographic.
In terms of its market potential for student property, York has a growing and inviting market. According to Savills, the University of York has seen a growth of 1.5% international and 2% domestic students. Savills categorises York in the upper second division in its rankings of potential student accommodation markets, based on UCAS applications, student numbers, university rankings and affordability. For investors, this generally means that there is also an enormous market potential for further developments and improvements in the student accommodation sector.
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