Although Pinks Mews is not student accommodation, its advantageous location near the LSE could make it a promising investment opportunity for entrepreneurial families of international students, says Alex Stocker.
Tucked away in the heart of Holborn, Pinks Mews is a stone’s throw away from LSE, a world renowned educational institution that attracts the top talent from around the world. Last year alone there were 7,544 international students at the university making up over half of the student body. As these students do not have a base in London, families will often buy a property in the capital where they can live for the duration of their degree, which can then be sold at a profit after it has served its purpose. This means they avoid paying high rent prices whilst simultaneously making money through their investment.
Pinks Mews at the Dyers Buildings is an ideal property for families with children or relatives studying at the LSE who are looking to do this. For starters, the rarity of mews properties has meant this style of accommodation has soared in popularity and price.
According to Savills, the average value of a mews house in Prime London rose from £350,955 to £2,346,227 between 2005 and 2016 ‒ an almost seven-fold increase a little over ten years. Additionally, the development boasts a premium postcode in Holborn, where property prices are also seeing steady growth. CBRE has stated that over the last 5 years, the area’s property prices have increased by 64.5%‒ an average increase of 10.5% per annum.
These two factors put Pinks Mews in good stead for a strong resale price after three to four years, the length of an average university degree.
Alongside the healthy return on investment, Pinks Mews’ location also has many other benefits for an international student and their family. Whilst historically Holborn has been considered the legal capital of London, now it is also home to tech giants like Amazon and Google, as well as the global investment bank Goldman Sachs. This means that there are ample opportunities for law, technology or business students to secure a first class internship during their holiday without needing to relocate.
Of course, Pinks Mews is not only advantageous for students, it also provides their families with a comfortable base in London for them to visit and conduct their own affairs. The development is sheltered from the hustle and bustle of central London behind a gate with a private entrance. Residents can benefit from a 24-hour concierge that offers cleaning, laundry, ticket booking and taking delivery of purchases. Each apartment also boasts a luxury design vision and specification that rivals that of Mayfair and Knightsbridge, with bespoke joinery, oak floors, and marble finish walls. To avoid any undue hassle when moving in, each apartment comes with state‒of‒the‒art devices already installed, including wi‒fi, an HD TV, Sonos music system and Miele kitchen appliances.