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Opto, Newcastle, from £81,250 8% p.a. net for 5 years

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This centrally located, 8-storey student project is set to become one of the most desirable student accommodation buildings in Newcastle.It offers city centre, waterfront accommodation and a mile or less to Northumbria University and Newcastle University. With a selection of highly desirable on-site facilities including: gymnasium, games room, cinema room, laundry, roof terrace with river views and an outhouse for events –it will go above and beyond many students expectations.

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With a total of 50,000 students in Newcastle University and Northumbria University the development is perfectly positioned to cater to the shortfall of 28,035 students (64.6%) who are unable to access university or private sector student accommodation.

Knight Frank reported: The universities in Newcastle have 43,390 students but are only in a position to offer 8,906 students accommodation in halls of residence or bedrooms under nomination agreements. This represents just 20.5% of the full-time student population, illustrating an under supply.

Since 2007, applications to Newcastle higher education institutions have risen by 27.7%, from 47,965 in 2007 to the 61,235 figure recorded in 2016. The City has also seen a recent 4% annual climb in student rents.

Newcastle University is given an overall ranking of 22nd in the Times Good University Guide 2018, up from 23rd place in 2016. For every place there are 6.5 applications.

The University of Northumbria is given an overall ranking of 65th in the Times Good University Guide 2018. For every place there are 5.6 application.

  • Comprises of studios
  • Studios from only £81,250
  • Annual return 8% net p.a for 5 years
  • Fully let & managed by experienced letting agency
  • 250 years leasehold

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