A purpose-built student accommodation (PBSA) scheme has recently been listed for sale at Cheswick Village in Bristol, carrying a guide price of over £7.5 million. This attractive investment opportunity features the Cheswick Campus scheme, which offers 50 student bed spaces and is strategically located on Long Down Avenue, just half a mile away from the University of the West of England’s (UWE) Frenchay Campus.
Property Details and Financial Projections
The Cheswick Campus comprises 36 self-contained studios and 14 cluster bedrooms, thoughtfully arranged across the ground and first floors. It is anticipated to generate an annual rental income of approximately £677,000 for the academic year 2026/27. Additionally, there exists potential for supplementary income from ancillary services, enhancing the overall profitability of the investment. The campus is fully managed, and there is a potential for establishing a future nomination agreement with UWE, pending further negotiations.
Market Insights from CBRE
Nick Reed, director of capital markets at CBRE South West, who has been appointed to market this opportunity, stated: “Bristol remains one of the most supply-constrained student markets in the UK, with demand significantly exceeding the available well-located, purpose-built accommodation.” He further emphasised that the pressure for student accommodation is particularly acute around the UWE Frenchay Campus, making schemes within walking distance increasingly rare and valuable.
Implications for UK PBSA Investors
This listing not only highlights the strong demand for student accommodation in Bristol but also reflects broader trends within the UK PBSA market. Investors are encouraged to consider the implications of this scarcity, as properties like the Cheswick Campus represent prime opportunities in a competitive landscape. The growing student population and the continuous need for high-quality living spaces underscore the potential for robust returns in this sector.
As the PBSA market evolves, properties such as the Cheswick Campus will continue to attract interest from investors looking to capitalise on the enduring demand for purpose-built student accommodation in key university cities across the UK.