Our acol by St David properties cater for the co-living sector.
There is an ongoing shortage of housing in the UK, with only 150,000 houses per year currently being built. The country needs in excess of 250,000 built every year. This has resulted in a growing demand for smaller sized accommodation. With the high cost of buying and renting a property, many people are prepared to sacrifice space for convenience, quality, and value.
Shared accommodation units (with communal facilities), as well as studio and one-bedroom apartments, are accordingly enjoying unprecedented rental demand, particularly from young people, semi-professionals, and related employee classes.
Our acol co-living properties help satisfy this demand. They are freehold houses and commercial buildings which we have totally refurbished. They are principally located in the North of England and the Midlands, where rental yields are higher.
Some of our co-living developments comprise apartments which offer en-suited rooms and some are licensed HMOs (Houses in Multiple Occupation) with shared kitchen and dining facilities. All our properties comply with building and fire regulations.
We ensure our properties are trouble-free investments for our clients by providing comprehensive in-house lettings and management services.
The principal attraction for our acol property clients is the secure and attractive rental income stream of 6%-7% p.a. after all costs. To ensure ‘peace of mind’ for our clients we are able to offer guaranteed rental options, with St. David acting as the master tenant for an agreed period.