Amenities & Services
Innovation House, is a stunning brand-new investment opportunity in the lucrative market of student property. Located on the university campus in the centre of Preston, Innovation House is the perfect solution for students looking for independent living in a student environment.
The four storey development comprises a total of 218 self-contained studios across two separate buildings. The development is the first all-studio student accommodation in Preston. The demand characteristics exhibited by students has changed over recent years – many, especially those from overseas, no longer wish to live in converted houses or in the common “cluster-flat” student accommodation.
They now require bespoke, purpose-built accommodation which lies close to the educational hub. With ever-increasing numbers of undergraduates, purpose-built student properties have become a mainstream global asset class which provides investors with a safe investment and minimal risk.
In the UK, 19% of all university students are from overseas, and it has been predicted that by 2020 there will be 30,000 more international students flocking to the UK to study. This increasingly international population which is developing in the UK makes room for savvy investors who are wanting to capitalise on the student property market.
Overseas students, who on average require accommodation for 51 weeks in a year and expect a higher standard of living, are now acting like general housing consumers, opting to go for the best quality they can get at a reasonable price, not just the cheapest property on offer.
University cities such as Preston will be at the forefront of the increase in international student numbers thanks in part to the high world ranking of UCLan and to the attractions of the location itself. The recent injection of capital through the Preston and Lancashire City Deal will boost the local economy creating employment opportunities for postgraduates