Originally home to the Fox’s Glacier Mints factory, the Mintworks will create a new standard for premium purpose-built student accommodation in Leicester.
Consisting of over 200 spacious apartments, within a minute walk of De Montfort University, and within the local area of the region’s two other award-winning universities, the University of Leicester and Loughborough University.
The development will undergo an extensive refurbishment, creating comfortable living spaces and high-end amenities, in an area currently experiencing a severe supply and demand imbalance
Mintworks
Located within a minute walk of De Montfort University, Mintworks is situated in an area of huge demand from students currently experiencing a severe supply and demand imbalance.
Given its proximity to the campus and location in relation to Leicester’s two major universities, the University of Leicester and Loughborough University, the development is perfect for students.
Investment Highlights
- 10% NET guaranteed for 3 years
- 3% interest on deposited funds
- Hands-off, fully managed investment
- £0 - No ground rent
- 65,000 student population
- Prime student location
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 student property 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.
What is the name of the development?
Mintworks
Where is it located?
46 Oxford St, Leicester LE1 5XX
What type of property is the development?
Student Accommodation
How many apartments are there in the development?
200 apartments over 4 floors
What is the current status of the development?
In construction
When is the anticipated completion?
Q3 2026
Is parking available?
No
Who is the developer?
Citihaus
What is the ground rent?
£0
What is the interest on deposit funds?
3% over the build period
How much is the reservation fee?
£5,500
What is the payment plan?
Reservation Fee - 50% on exchange minus reservation fee - 50% on completion