What is a Boutique Student Residence?
Boutique student accommodation is a phrase coined to represent accommodation for the discerning student, who does not want to compromise on standards of living while at university.
Home to five of the world’s top 20 universities, the UK is currently ranked third in the world for the price of tuition fees for overseas students, indicating that the standard of accommodation that they expect to receive, in relation to the fees they are paying, is of a much higher nature now than ever before.
Catering for the more consumer-focussed student, developers are designing stylish, bespoke accommodation units, the facilities of which are more in-line with four-star hotels, than traditional halls of residence. Free WiFi, LCD televisions screens, studios with en-suite showers and communal gymnasiums, media rooms and lounge areas, are all now seen as the ‘basic’ offering in the private student accommodation sector.
Attracted by this lucrative investment opportunity (average market rental yields are holding steady at 6-6.5%), both domestic and overseas buyers alike are focussing on providing stylish, affordable accommodation for a more consumer-focused student.
Since the market shifted towards a more commercial offering, specialist companies like Knight Knox International have effectively penetrated the market by re-packaging and selling individual units, which are more attractive to private investors.
- Prices start from only £36,000*
- Interest is very high in this development and units are selling out quickly
- 117 single unit residences
- Excellent location – within walking distance of Liverpool John Moores and The University of Liverpool