London-based property investment consultancy Experience Invest has created a new investment opportunity in Luton. With demand for student accommodation increasing year by year, Experience Invest decided to look to the large Bedfordshire town as a prime location for a student housing development.
Knowing that student property is currently considered as the UK's best performing asset class, Experience Invest came up with the idea of London Spring Place – a student property development which is attracting investors from all over the world.
“There is high demand for student accommodation and we knew from studies that Luton was an area ripe for a development of this sort,” a spokesperson for the company explained.
“Investors can expect a hassle free time as a specialist management company looks after the property for you. Investors can also expect an 8.5% assured return for the next five years.”
London Spring Place, which is situated just a short distance from the University of Bedfordshire, is expected to answer the demand for purpose-built student accommodation within the area. Luxury en-suite rooms start from as little as £59,535.
“The team at Experience Invest have been really surprised by the amount of interest we have received in the Luton development,” the spokesperson added. “It's proving our hottest ticket at the moment, with investors all over the world showing a keen interest.”