3-bedroom apartments are one of the most popular apartment types amongst investors and owner-occupiers alike. The 3-bedroom apartments at Vita Living Circle Square in Manchester are currently achieving monthly rents up to £3,405, presenting strong returns for UK property investors.
These apartments also prove highly popular with end users, particularly overseas students, who have chosen to study in the UK. With the UK boasting over 160 high-performing universities, over 700,000 overseas students travel to the UK each year for education, driving strong demand for 3-bedroom apartments.
How do 3-beds offer a practical advantage?
With 2 additional bedrooms, 3-bedroom apartments offer the ideal accommodation solution for international students, with the extra space presenting multiple uses and benefits.
Using one bedroom as a dedicated office
One of the bedrooms can be used by the student as a dedicated office space, allowing them to create their own desk and library to study from. With a peaceful area to work from, students can enjoy their dedicated study to learn without disruption.
In residences such as Vita Living Circle Square, residents also have access to the largest residential co-working space in Manchester, with communal desks, study pods and meeting booths. With an additional resident study lounge, students can collaborate on group projects and create study groups from the shared co-working floor, in addition to working on focused projects from the comfort of their own office – provided by the second bedroom of the apartment. Manchester is home to five universities, including Russell Group University of Manchester.
Visiting your child at university in the UK
Bedroom number three can then be used for visiting family members, providing a convenient, cost-effective accommodation option for friends and family visiting the student. Hotel accommodation in city centres can be costly, especially during education term breaks, such as during the summer break. Hotels inflate their prices due to the increased demand from visiting families, therefore, by opting to select a 3-bedroom apartment, costs can be saved through staying in the third bedroom, without disrupting the students’ own office space.
Staying with your child when you visit them at university is not possible if they rent within student accommodation due to lack of space, privacy and student halls regulations.
Siblings studying overseas together
If there are two young students in the family wishing to study in the same UK city, the third bedroom means one apartment can accommodate both siblings comfortably. This saves the family significant time and cost, and ensures the investment is utilised fully. A development that offers true balanced living is Vita Living Circle Square. All of the bedrooms in the 3-bed apartments in this Manchester residence boast private en-suite bathrooms, in addition to featuring exactly equal bedroom sizes.
Investing for after your child graduates UK university
It’s clear to see that 3-bedroom apartments are a strong choice for overseas students studying in the UK. But what about after they graduate?
As 3-bedroom apartments appeal to a wide tenant pool, void periods within them are typically low. At Vita Living Circle Square, occupancy rates are some of the highest in the city, at 98%. Student groups/friends, couples and families all rent 3-bedroom apartments, and therefore there is a wide demographic of tenants who would be seeking this type of accommodation, resulting in consistent returns for investors. The capital growth for a 3-bed apartment is also strong, as the wide tenant pool establishes the apartment as having a strong resale value.
Secure a 3-bedroom apartment with Select Property
At Select Property, we offer a variety of 3-bedroom apartments, located in the UK’s top university and investment cities.
In Manchester, our latest offering is Vita Living Circle Square, an ideal accommodation choice for young professionals and students. Offering exactly equal bedroom sizes, the largest co-working space in the city and just a 8-minute walk away from top universities such as The University of Manchester, these 2-bedroom apartments offer the most strategic choice for international students.
Contact us HERE for more information, and secure your child’s future today.