Ethical property developer IPG sees boom in rental yield as students flock to Bradford

Ethical property developer IPG sees boom in rental yield as students flock to Bradford

Northern ethical property investors are set to receive impressive rental yields in student accommodation.  

The region is seeing a boom in demand for high-quality properties from its growing intakes of UK and international students following investment in higher education facilities, putting the region on the map as a go-to city for education and training.  

The housing challenge faced by students across the UK is a pressing issue, and Integritas Property Group (IPG) is at the forefront of addressing it. Through initiatives like Optima in Bradford and the completed Bijou student living project (the first phase of this development), IPG is leading the way in the student accommodation landscape and is reporting a boom in rental yields for property investors.  

The student population in Bradford is currently over 42,000, with 30% of students arriving from 130 countries, as the university offers 352 undergraduate courses and 213 graduate courses.  

With University of Bradford only having 1,004 units available for student accommodation, comprised of 2 managed halls of residence and 34 four-story townhouses, there is huge need for new, highly quality student accommodation across the city.  

Mitchell Walsh, CEO at IPG, says, “By providing students with first-class living options, IPG is offering investors a lucrative opportunity to invest in a growing metropolis.” 

IPG’s approach goes beyond just housing provision as it creates accommodation that is accessible, affordable, and conducive to learning.  

As it becomes increasingly more difficult for students across Bradford to find suitable accommodation, these luxury lets, currently on sale to investors, will soon be home to some of the city’s student population.  

Mitchell Walsh continued, “Decent student accommodation in a city near their place of study is often a challenge to find – as a result, students are then pushed further out into the suburbs, which adds extra pressure to their day whilst increasing social isolation. Our Optimadevelopment is strategically located in the heart of Bradford city centre, giving students easy access to the city centre, nightlife, and the university.” 

“Optima, the high-spec property, offers exquisite finishes, stylish interiors, and modern appliances in each unit, ensuring a luxurious living experience for residents – a step up from the run-of-the-mill student digs most people think of.” 

The big driver in student accommodation demand is growth in PGT (Postgraduate Taught) international intakes, with the University of Bradford coming 15th in the top increases in full-time PGT study numbers in the UK 2021-2022. In many localities, growth in demand is far outstripping growth in the supply of student accommodation. *  

IPG’s Optima development comes after the success of its Bijou project, set within the residential scheme in Laisteridge Student Village, which saw 46 units snapped up by investors looking to provide accommodation for Bradford’s growing student population.  

TheOptima development features 54 student pods and four accessible studios, with shared access to a fully fitted kitchen, a laundry room, and a large open-plan living space for student socialising and aims to be complete ahead of September 2024. 

Mitchell Walsh concludes, “Investing in the property market in Bradford right now is a wise decision as the rental yield is currently at an impressive 8.25%, 3% higher than the national average.” 

The last few units remain for investors to purchase, starting from £78,000, each with a 999-year lease. These units offer an 8.25% rental yield, and all units come fully furnished and managed. 

Building, Design & Construction Magazine | The Choice of Industry Professionals 


Latest Issue

BDC 311 : Dec 2023