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Best Student Nights in Manchester

Best Student Nights in Manchester

Best Student Nights in Manchester

Manchester has one of the largest student populations across the UK, and it stands to reason that the night life is big enough to match, having arguably the best party scene in England. Whether you are prefer to chill out with drinks at a bar or dance the night away in one of Manchester’s various clubs, there is something for every Salford University student to enjoy. Take a break from studying and make the most of it, as we explore some of the best nights out in Manchester.

Northern Quarter is one of the trendiest areas, the Northern Quarter lies right next to Piccadilly Gardens. This area can be expensive, but there are several bars in a student price range. Most will charge for entry, but it is often cheaper on Saturday and the clubs are open until very late, usually up to 4am. The Mint Lounge hosts both music and karaoke, so it’s perfect if singing is your thing. If you’re looking for more of a party, the Soup Kitchen is reputed to be one of the best clubs in Manchester.

Many Salford students eventually end up at Fifth Avenue. With cheap drinks and loud music, this is one of the busiest venues in the city. A favourite for Manchester students, especially those who love the indie rock scene. If you arrive before midnight, it’s only £2 entry fee, so be sure to get in early! A popular club all over Britain, Tiger Tiger is the place to go for a lavish and special night out. It can be more expensive, but less students go here if you want to try something different for the weekend. During the week, they offer student nights with a reduced price, so be on the lookout for special offers.

For a more expensive yet truly special night out, why not join the Warehouse Project? They organise a series of club nights out, and only run for part of the year – so be sure to do a bit of research before turning up. It’s not cheap, but the live entertainment and professional DJs make this a great opportunity for a party. A more sophisticated club that attracts older customers as well as the usual Manchester students is South Nightclub in the City Centre; this is a hidden gem in the party scene and regular hot spot for The Warehouse Project after party. Offering several indie club nights, it now advertises especially for students during week nights, including several drink offers during this time. If you are more interested in dancing, Sankeys is the venue for you and your student friends, and is popular among those of Salford University. Bringing in professional DJs from all around the world, this place can be hard to get in so be sure to make a booking beforehand. This is one of the more expensive clubs, but is definitely worth the price.

We have only scratched the surface on some of the best nights out in Manchester for Salford students. Try them out and experience the best night that Manchester has to offer.

 

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2015 Sees Hike in UK Student Property Investment

2015 Sees Hike in UK Student Property Investment

According to recent figures, investment in the UK’s student housing market hit £3.98 billion in the first half of 2015, well ahead of the £2.35 billion for the whole of 2014. (* Source: commercial property and real estate services advisor CBRE).

London saw a record £1.98 billion of transactions across the first half of the year. This growth is a reflection of the number of investors who increasingly see the high performing yields of student property, as a better alternative to buy-to-let and commercial property.

The Mistoria Group, a leading student property investment firm, reports that investment in student property in the North West has risen by 66% over the last 12 months. The firm has seen the largest increase from investors in the South East (65%), and overseas investors (70%).

Mish Liyanage, Managing Director of The Mistoria Group comments: “In some parts of the UK, student housing is limited in numbers and of poor quality, with only student pods and tatty HMOs available.

“Investors have a great opportunity to invest in University towns where there is short supply of quality, affordable student property. We have seen some investors divert a significant amount of their funds from traditional buy-to-let to student property. For as little as £150,000, an investor can buy a four bed HMO in the North West, in a good location for students and professionals, fully refurbished, furnished and tenanted for the coming year.

“A key driver for the rise in demand for HMO student property is down to the huge growth in student numbers over the last few years. According to UCAS, the number of university applicants has reached a record high, as demand for higher education courses continues to rise. Figures published earlier this month reveal that overall there has been a three per cent increase in the number of applications, compared with the same point last year.

“Investing in student accommodation offers an excellent long-term investment option. Typical rents are significantly higher for student properties, than a comparable buy-to-let property in the same city and student property is highly likely to be in constant demand throughout the calendar year.”

The Mistoria Group are high yielding student buy-to-let investment specialists, offering HMOs and arm chair investments in the North of UK, generating combined net cash yield up to 13% (Rental and Capital Growth). For more information on the firm’s current available investments and the services it offers, visit us at  [1] or email atinfo@mistoriagroup.com or call 0800 500 3015.

This article is sourced from The Property Times and Landlord Zone 

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Student Accommodation Demand Reaches All Time High

Student Accommodation Demand Reaches All Time High

Student Accommodation Demand Reaches All Time High

As demand for affordable student accommodation reaches an all-time high, a new report reveals the gap between student expectations and the reality of digs in UK university towns and cities.

 The research, commissioned by The Mistoria Group, revealed that just 5% of students want to live in halls of residence, while 17% would prefer a self-contained room or flat.

 However, the overwhelming majority of students (nearly 80%) cite good quality HMOs as their ideal place to live.

According to The Mistoria Group, the unfortunate reality is that there is simply not enough quality accommodation for under graduate students and there is a massive shortage of HMOs.  Many universities struggled to house students this year, due to a lift in the cap on student numbers.  The surge in student demand for accommodation left some students in Reading with no alternative than to stay in a hotel.

The report also reveals that one in three students say student accommodation is too expensive, while one if five believe it is generally poor quality. Furthermore, the research reveals that the majority of students (77%) have budgeted to spend less than £100 per week on accommodation.

Mish Liyanage, Managing Director of The Mistoria Group comments: “Figures from UCAS show that 409,000 students in the UK were accepted onto higher education courses after A-level results were published in August – a rise of 3% and an all-time record. The demand for halls of residence is high because in many towns and cities, renting a room in a HMO or sharing a flat is much more expensive

According to the NUS, even students who were lucky in their search for affordable digs in September, will face a typical £8,000 shortfall between living costs and income from loans and any maintenance grants.

This growth in student numbers is a great opportunity for landlords and investors to provide the right type of property that will attract lucrative students.  Student accommodation has proven to provide better rental yields and there is an annual market for new students.  What’s more, the rent is guaranteed by a parent or guardian and is paid promptly.

Student accommodation can offer a number of attractive features to investors.  The yields are high as students settle for less space than other tenants; occupancy is typically very good; and it is neatly counter-cyclical, as more people go to university during economic downturns.

A Mistoria HMO offers between 8%-10% cash return on the rental income per year, a return of investment from day one (this is not a projection). For as little as £150,000, an investor can buy a four bed HMO in the North West, in a good location for students and professionals, fully refurbished, furnished and tenanted for the coming year.”

Investors who are thinking of buying student property should conduct thorough research before making a purchase.

The Mistoria Group are high yielding student buy-to-let investment specialists, offering HMOs and arm chair investments in the North of UK, generating combined  net cash yield up to 13% (Rental and Capital Growth). For more information on the firm’s current available investments and the services it offers, visit us at www.mistorigroup.com or email at info@mistoriagroup.com or call 0800 500 3015.

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Shortage of HMO-style Student Accommodation in many Cities

Shortage of HMO-style Student Accommodation in many Cities

A new survey claims there is a serious shortfall of appropriate quality accommodation for students.

The research, conducted amongst 500 students and commissioned by The Mistoria Group, claims that only 5 per cent want to live in halls of residence, while 17 would prefer a self-contained room or flat.

However the overwhelming majority of students – 78 per cent – cite good quality shared housing as their ideal place to live.

This is despite claims from some high-end property consultants that demand is growing for high quality purpose-built accommodation is on the rise.

The group says there is not enough good quality HMO accommodation for undergraduate students, worsened by a lift in student numbers this academic year. The surge in student demand for accommodation left some students in Reading with no alternative than to stay in a hotel, Misteria claims.

The report also reveals that one in three students say student accommodation is too expensive, while one in five believe it is generally poor quality. Furthermore, the research reveals that 77 per cent of students have budgeted to spend less than £100 per week on accommodation.

“Figures from [admissions body] UCAS show that 409,000 students in the UK were accepted onto higher education courses after A-level results were published in August – a rise of three per cent and an all-time record. The demand for halls of residence is high because in many towns and cities, renting a room in a HMO or sharing a flat is much more expensive” claims Mish Liyanage, managing director of The Mistoria Group.

The National Union of Students says that amongst those lucky in their search for affordable digs in September, many will face a typical £8,000 shortfall between living costs and income from loans and any maintenance grants.

The Mistoria Group are high yielding student buy-to-let investment specialists, offering HMOs and arm chair investments in the North of UK, generating combined  net cash yield up to 13% (Rental and Capital Growth). For more information on the firm’s current available investments and the services it offers, visit us at www.mistorigroup.com or email at info@mistoriagroup.com or call 0800 500 3015.

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How to Ensure your Student House stays Clean and Pest Free

How to Ensure your Student House stays Clean and Pest Free

How to Ensure your Student House Stays Clean and Pest Free

One of the biggest problems with renting a home, is the contention over deposits for student houses. Often you will find this is over marks on carpets and walls due to spillages, mould in bathrooms and other living spaces or a pest infestation. Not only do you want a pleasant, relaxing and pest free environment to live in, but you want your deposit back. We explore cleaning tips for students, to ensure you safeguard your deposit, manage cleaning rotas and keep both yourself and your landlord / Mistoria Estate Agents happy.

Keep on Top of Household Chores throughout the Tenancy
There is nothing worse than having to start cleaning a house that is messy and dirty; the task feels never ending. By keeping on top of the cleaning, not only can you monitor the condition of the flat, reporting defects to your landlord or Mistoria Estate Agents fast, you can also move through your daily and weekly tasks when you have a spare half an hour.

To help you with your cleaning regime, there are a number of cleaning tips for students available to help you with organising and keeping your student house clean.

  • Ensure you have a rota within student houses. By designating duties, which rotate week by week, you are more likely to cut down the workload and amount of cleaning required. Have a ‘beer fund’ or similar, anyone not doing their duties has to pay in!
  • Everyone should have responsibility for their own individual areas, such as their rooms. In shared spaces, such as the kitchens and bathrooms, get everyone to store items in their rooms. The reduction in clutter will make cleaning a lot quicker and easier.
  • Be regimented with the toilet! If the toilet is not scrubbed with the toilet brush after every use, seats wiped down and the floor wiped of any splashes, it is easily the worst job to do!
  • Have a ready supply of cleaning products to hand, factor them into the shared bills, like electric and gas. As a minimum have bleach, bathroom cleaner, general purpose cleaning solution and detergent.
  • If you are struggling to keep up with the cleaning, consider getting a cleaner once a week. This small weekly investment, will often save your deposit.
  • Encourage and motivate each person to have a quick hoover of the communal areas, whilst they are cleaning their own room. A quick hoover done a couple of times a week saves a lot in the dusting later on!
  • Make it a house rule that dishes and pans should be washed up immediately after use, to prevent lingering odours and mould.

Safeguarding your Deposit
When it comes to moving out it is vital to ensure a thorough clean! Just putting the hoover round and wiping down surfaces is not often enough. The flat as a minimum must be left in the condition you moved into it. Often this means it has been professionally cleaned. If you do not want to clean your student house yourself, a deep cleaning service with Mistoria Spotless is available. For further details on Mistoria Spotless please see http://www.mistoria.co.uk/maintain/mistoria-spotless

 

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Winter is Coming! Look after your Student Property’s Pipes This Winter

Winter is Coming! Look after your Student Property's Pipes This Winter

How you can avoid a HUGE bill with just the turn of a dial!

What’s this all about?
Those living in student accommodation in winter need to know that their biggest enemy is not the temperature of the house while they are there, it is how warm the house is while they are not there over long periods such as the long awaited Christmas break. If the house is left unheated over this period of time there is a good chance that your property may be subject to frozen pipes. Any physics student will tell you water expands when it freezes, so frozen pipes will likely mean burst pipes. The result of burst pipes will can cause flooding, with damage to ceilings, furniture, flooring and appliances. The bill for the damage may end up costing tens of thousands of pounds. It has happened before – don’t let it happen to you!

What do I need to do?
Mistoria Estate Agents recommend that the heating is left on continuously over the winter break with the thermostat turned to the lowest setting. Remember though, the heating must be on continuously or you will be liable for any damage. Do not be tempted to leave the heating on a timer setting for a few hours a day as this will be unlikely to safeguard the building from freezing. If you are unsure of the setting for your thermostat, contact Mistoria Maintenance who will be able to instruct you. Typical settings vary from using the frost symbol to setting the dial to 5, 10 or even 15 degrees but you need to use the correct setting for your location. Which setting to use is specific to each location, and may vary between different Salford properties and Liverpool properties, so make sure that you do consult a professional if you aren’t sure.

It really is that simple, there is nothing else to know. If you follow these easy steps then you can avoid a lot of damage to contents and avoid a lot of stress in January upon return to your property! If you are going to properly care for your student accommodation in winter and avoid frozen pipes, then Mistoria Estate Agents recommend all of the above. If you have any queries, particularly if you have problems with your heating or you aren’t sure how to set it, please contact Mistoria Maintenance.

 

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Top Tips to be More Secure in Your Student Home

Student Home Security

How secure do you feel in your Student Home? When you are living in a student house, student safety is always important. The Salford & Liverpool student areas aren’t immune to crime, so it is best to ensure that you take as many precautions as you can to make your student house safe. It doesn’t need to be difficult and complicated, there are a few pointers that can help.

8 Tips to Help you Become More Secure

Locks
Locking your premises is of the most basic ways you can secure your dwelling and personal property. Lock your doors and ensure that your windows are not open. If your windows have locks make full use of them. All of the Mistoria properties are fitted with burglar alarms that you can put on when you leave the property.

Lighting
Even when you are not at home, leave some lights on. That way you will give the appearance that someone is at home and deter a burglar. The trick is to never make your student house an obvious target.

Put away all your stuff
Don’t leave belongings and other items hanging lying around in the backyard. You may just make it easier for someone to break into your home. Student homes are such a big target to burglaries and robberies because almost every student has one laptop and other electrical equipment. Make sure you store your laptop in a safe place!

Consider insurance
Yes, it’s true that you have enough to worry about but it may be worthwhile to take out insurance. This can save you much more headache in the event you are a victim of burglary. You can check with Mistoria Estate Agents to get an idea of what the rates might be like for someone living in the Salford & Liverpool student areas.

Put up a warning sign
This might actually be more effective than you think. Having a “Beware of Dog” sign would certainly take your dwelling off the top of the list of potential targets for burglars.

Be careful about your rubbish
Shred all your bank statements, receipts and personal information when throwing it out. If you buy a new item that comes in a big box, tear up the box in smaller pieces so you don’t give away any clues that there is a new appliance in the house.

Be aware of your surroundings
If you see or feel that something or someone is suspicious, then you should contact the local police. Always be aware of your surroundings and be sensitive to anything that does not seem right.

Talk with Mistoria Estate Agents

Talk to one of the team here at Mistoria. All of the team are experienced and knowledgeable about the Salford & Liverpool student area. They can advise on student’s safety and what measures to take to secure your home. The police and your university community team can also advise you on student safety. Here at Mistoria we see student safety as a huge priority and that’s why all our properties are fitted with safety measures.

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New Report Reveals Shortfall in Student Accommodation

Student Accommodation Mistoria

As demand for affordable student accommodation reaches an all-time high, a new report reveals the gap between student expectations and the reality of digs in UK university towns and cities. The research, commissioned by The Mistoria Group, leading investment specialists in student property – shows that just 5% of students want to live in halls of residence, while 17% would prefer a self-contained room or flat.  However, the overwhelming majority of students (nearly 80%) cite good quality HMOs as their ideal place to live.  (*Source: Mistoria Survey amongst 500 students, October 2015).

According to The Mistoria Group, the unfortunate reality is that there is simply not enough quality accommodation for under graduate students and there is a massive shortage of HMOs.  Many universities struggled to house students this year, due to a lift in the cap on student numbers.  The surge in student demand for accommodation left some students in Reading with no alternative than to stay in a hotel.

The report also reveals that one in three students say student accommodation is too expensive, while one if five believe it is generally poor quality. Furthermore, the research reveals that the majority of students (77%) have budgeted to spend less than £100 per week including bills on accommodation.

Mish Liyanage, Managing Director of The Mistoria Group comments: “Figures from UCAS show that 409,000 students in the UK were accepted onto higher education courses after A-level results were published in August – a rise of 3% and an all-time record. The demand for halls of residence is high because in many towns and cities, due to a lack of high quality student HMOs.

“According to the NUS, even students who were lucky in their search for affordable digs in September, will face a typical £8,000 shortfall between living costs and income from loans and any maintenance grants.

“This growth in student numbers is a great opportunity for landlords and investors to provide the right type of HMO property that will attract lucrative students.  Student accommodation has proven to provide better rental yields and there is an annual market for new students.  What’s more, the rent is guaranteed by a parent or guardian and is paid promptly.

“Student accommodation can offer a number of attractive features to investors.  The yields are high as students settle for less space than other tenants; occupancy is typically very good; and it is neatly counter-cyclical, as more people go to university during economic downturns.

“A Mistoria HMO offers between 8%-9% cash net return on the rental income per year, and a 13% combined return of investment from day one (this is not a projection). For as little as £120,000, an investor can buy a three bed HMO in the North West, in a good location for students and professionals, fully refurbished, furnished and tenanted for the coming year.”

Investors who are thinking of buying student property should conduct thorough research before making a purchase.  Mistoria has put together some tips on investing in student property:

  • HMO versus student pods: Think carefully about the property you want to buy eg HMO or a student pod. Most student pods are sold ‘off plan’ – which means before they are complete and in many cases before construction has even started – and come fully managed. This means you could expose yourself to risk on two fronts –  ‘development risk’ and ‘management risk’. For example, the development may not be finished, or the developer may not have the skill or experience to manage the development and if they do, how much will they charge for their services?
  • Mortgages: If you need to secure a mortgage to purchase a student property, this will be a lot easier for a HMO, as you will be able to go through traditional buy-to-let providers and will have access to the leading buy-to-let rates. Also, if you are building a portfolio, you can lend on your equity in the HMO to fund further investments. With student pods, there is no established resale market, so it is much more difficult to secure a mortgage.
  • Rent guarantees: Beware of ‘rental guarantees’ offered by developers. This can often be an overstatement. The guaranteed rents are attractive to investors, but often they fail to materialise. Investors are actually subsidising the guaranteed rent by paying an inflated price for the unit they secure. There have been a number of student pod schemes that have stopped paying out the guaranteed rents soon after completion and investors have then discovered that the real market rate for the rents is much lower, reducing their yield.  They have been left with an under performing asset, that is difficult if not impossible to sell at an acceptable asking price to the investor.
  • The exit strategy: With a normal buy-to-let, you can sell the property at any time on the open market, through a reputable estate agent and expect a reasonable capital appreciation. However, selling a student pod will encounter problems. For example, who decides the market value? As a piece of real estate per sqm it is very expensive (double the average market value), there is no established resale market. Who will sell it? Is it an investment, or is it a piece of real estate?

The Mistoria Group are high yielding student buy-to-let investment specialists, offering HMOs and arm chair investments in the North of UK, generating combined net cash yield up to 13% (Rental and Capital Growth). For more information on the firm’s current available investments and the services it offers, visit us at www.mistoriagroup.com or email at info@mistoriagroup.com or call 0800 500 3015.