Originally a police station from the 1970s, the site is being tastefully converted into high-quality, purpose-built student apartments that are perfectly suited to those studying in the local area.
From premium student property brand, Abode Student, Axiom will consist of 161 studio apartments, each one furnished to a high standard.
Axiom
Residents at Axiom will also benefit from an unrivalled selection of amenities. From a concierge, laundry room and residents' lounge to a games room, private gym and courtyard garden, Axiom offers unparalleled student living in the heart of the city.
In addition to the exceptional amenities on offer at the development, Axiom also benefits from a truly unrivalled location in the centre of Stoke-on-Trent. Axiom is extremely close to numerous local shops as well as the Hanley Bus Station and is just over a mile away from Staffordshire University, the 4th Best UK University according to the StudentCrowd University Awards.
Investment Highlights
- Prices from just £79,999
- 125 year leasehold
- £350 per annum ground rent
- Guaranteed 10% rental returns for 3 years
- Striking conversion of a significant building
- Homes 4 Students management company in place
- Central Stoke-on-Trent location
- Premium student property developer with a proven track record
- Excellent transport links
- Unrivalled amenities including a private gym
One of the most in-demand types of property investment
Purpose-built student accommodation (PBSA) is one of the most in-demand types of property investments available, thanks to a severe lack of supply and record demand.
What was once a new product competing with university-owned halls has become the most popular choice for both domestic and international students, with 69% of them choosing PBSA over traditional halls of residence.
Knight Frank estimates that the market is worth £89bn. This would represent growth of more than 20% in the last five years, illustrating the scale of growth in the sector that investors can look forward to.
What makes student property a good investment?
Student property has become a popular investment class, which is bought as both an alternative to residential property and as a complement to it, depending on the needs and requirements of each investor.
Its appeal is broad, and many unique benefits make the student sector appealing to investors of all types.
Market Highlights
- Knight Frank estimates that the market is worth £89bn. This would represent growth of more than 20% in the last five years, illustrating the scale of growth in the sector that
investors can look forward to. They estimate the size of the UK PBSA market will be £104bn by the end of 2028
- What was once a new product competing with university-owned halls has become the most popular choice for both domestic and international students, with 69% of them choosing PBSA over traditional halls of residence.
- The CBRE highlight that there is a shortfall of more than half a million student beds
- Unlike tenants in the residential sector, you largely know exactly what you are getting with students. Not only do they need accommodation at the same time every year, but you also know that they are also backed by funding.
- Whether you are investing in student ‘pods’ with shared facilities or self-contained apartments, student accommodation is much more affordable than typical residential assets and, as such, provides a lower barrier to entry.
- Unlike residential property, PBSA isn’t subject to the ups and downs of the housing market. At times when uncertainty casts a shadow over the economy and affects house price growth, the value of your student property will remain stable.
Projected House Price Growth
Projected Rental Growth
Am I buying as freehold or leasehold?
Leasehold, 125 years
Is there a management company in place?
Yes, the appointed management company is Homes 4 Students.
What is the address of the site?
Axiom, Bethesda Street, Hanley, Stoke-on-Trent, ST1 3DR
What is the price of an apartment?
Studio apartments are priced at £79,999
How much is the ground rent?
£350 per annum
What are the guaranteed returns on this project?
Investors are guaranteed 10% annual returns for 3 years following completion.
Who is the developer?
The developer is Abode Hanley Limited
Are there any restrictions if I want to sell?
Whilst you are free to sell your apartment on the open market after completion, your apartment must be sold as a student property due to the development’s planning.