sd
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Post by sd on Aug 21, 2017 7:07:38 GMT
I see that Prop Partner have a new 'coming soon' banner for student accommodation. Has anyone got experience/views in student accommmodation? Worth holding some cash to see what they have to offer? propertypartner.co/student-educationSD
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 21, 2017 10:12:30 GMT
I see that Prop Partner have a new 'coming soon' banner for student accommodation. Has anyone got experience/views in student accommmodation? Worth holding some cash to see what they have to offer? propertypartner.co/student-educationSD I know nothing about property, so for what it's worth, when every Developer and his Dog is throwing up "Student Accomodation" in every nook & cranny in the land, maybe it's time to stop investing in it?
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rick24
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Post by rick24 on Aug 21, 2017 10:43:01 GMT
I see that Prop Partner have a new 'coming soon' banner for student accommodation. Has anyone got experience/views in student accommmodation? Worth holding some cash to see what they have to offer? propertypartner.co/student-educationSD I know nothing about property, so for what it's worth, when every Developer and his Dog is throwing up "Student Accomodation" in every nook & cranny in the land, maybe it's time to stop investing in it? ...and when everyone is saying "nothing could possibly go wrong"
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rick24
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Post by rick24 on Aug 21, 2017 10:54:18 GMT
The question mark in my mind is: what if fewer European students come owing to the prospect and reality of Brexit; what arrangements will be made for non-European students after Brexit. I note that this government intends to count students in the figures for immigration and therefore I tend to think there will be political pressure to reduce immigration and therefore also foreign student numbers (unless universities can make a case that students are making a significant financial contribution to government revenues). I don't know what percentage contribution foreign students make to government revenues, however. In addition, questions have been raised about the sustainability of student debt funding, given that much of it will have to be written off by a future government. So will there be a shift towards a different model which will reduce incentives to study at university? Just questions, not assertions.
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nrw
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Post by nrw on Aug 21, 2017 15:51:49 GMT
I'm a layman, but my understanding is that student is currently the sought after sub-asset-class within property. The capital gains are historically lower than other types of property, but the income yield is higher - which is favoured in the current climate as capital gains are likely to remain subdued across property anyway.
Of course there are macro-economic factors which could influence the future, including immigration and education policies together with the overall economic climate. This applies to many asset classes, including residential property.
An asset class which generates a solid income is attractive right now, so I like the idea of investing in student.
Furthermore, there's a lot of junk out there - every 'get rich quick scheme' is plugging student, typically selling overpriced individual rooms in return for a guaranteed income for X years. The income guarantee is obviously funded by overpricing. These properties are also hard to exit, as no one wants to purchase an individual room, instead wanting to purchase blocks. Property Partner's model of selling shares in the entire block is therefore far more attractive - leaving them (professionals) in control of managing and exiting the overall block.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 21, 2017 22:03:22 GMT
As I understand it, in a "good" or "proper" student tower the bedrooms have tiny ensuites but there's only one communal kitchen per floor because students like to mingle/socialise/co-habit in this way. Apparently.
Now, if your building becomes nonviable as student accommodation, how do you then flog a building with such a strange layout on every floor?
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Post by sayyestocress on Aug 22, 2017 9:56:13 GMT
As I understand it, in a "good" or "proper" student tower the bedrooms have tiny ensuites but there's only one communal kitchen per floor because students like to mingle/socialise/co-habit in this way. Apparently. Now, if your building becomes nonviable as student accommodation, how do you then flog a building with such a strange layout on every floor? I guess it would work as an HMO assuming there was enough demand to live there. It could also work as temporary social housing. You may need to be the adventurous type to buy one.
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nrw
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Post by nrw on Aug 22, 2017 10:00:40 GMT
As I understand it, in a "good" or "proper" student tower the bedrooms have tiny ensuites but there's only one communal kitchen per floor because students like to mingle/socialise/co-habit in this way. Apparently. Now, if your building becomes nonviable as student accommodation, how do you then flog a building with such a strange layout on every floor? It's typically referred to by the pros as 'Purpose Built Student Accommodation', so I suspect the clue is in the title and it is hard to apply successfully to other uses! The investment thesis requires belief in the sustainability of student occupancy - without this the investment is likely to head south rapidly. IMHO, as an amateur, high quality student accommodation in established, 'red-brick', university towns with the right investment structure (ie. not owning individual rooms, but a slice of a block) have a healthy outlook - steering well clear of the lower end of the education market (including smaller towns and some of the more recent ex-polytechnics, which wealthy/international students are less attracted to). Historically student numbers have also risen in times of economic turbulence - presumably driven by the lack of available jobs.
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SteveT
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Post by SteveT on Oct 6, 2017 16:09:39 GMT
A second (huge) PBSA property coming soon, again 6%+. Looks like there’ll be plenty for everyone...
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Oct 11, 2017 12:12:43 GMT
It appears the new PP student investment is available for investment on a first come first served basis (with no scale back) before the full details come out. Email says 66% of this £3m+ deal has been 'advance committed' in this 'advance prefunding'.
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ben
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Post by ben on Oct 25, 2017 23:31:47 GMT
That one is fully funded and looks like a new one up sometime next month. Looks like student accommodation is a good investment for PP if nothing else.
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ding
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Post by ding on Jan 1, 2018 13:51:51 GMT
I'm going to prefund the Bangor. Was thinking I would double my pre money, as I expect scale back. Then I just saw the last bids: about an hour ago Bangor, Wales, LL57 £21,785.96 @ 246.03p about an hour ago Bangor, Wales, LL57 £29,410.43 @ 246.03p about an hour ago Bangor, Wales, LL57 £29,410.43 @ 246.03p about an hour ago Bangor, Wales, LL57 £29,410.43 @ 246.03p about an hour ago Bangor, Wales, LL57 £19,606.14 @ 246.03p
I will probably end up with peanuts.
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Post by sayyestocress on Jan 2, 2018 14:10:47 GMT
I will probably end up with peanuts. Hehe I saw a 96k chunk when I took a look! It's a big listing and iirc only the first pbsa listing scaled back which was smaller, so I'm hoping minnows like me get a slice of the juicy 7.5% pie.
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Post by sayyestocress on Jan 3, 2018 10:09:25 GMT
95% pre-ordered so no scale back / peanuts I'm afraid 😀
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rick24
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Post by rick24 on Jan 4, 2018 12:17:44 GMT
I got my full amount with no scale back.
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