Key Features

• 355 direct let bedrooms arranged as:
• 271 beds (76%) - studios
• 84 beds (24%) - 2-bed apartments
• Prime micro-location in Cardiff City Centre adjacent to Cardiff University Queens Buildings and easy access to all other university campuses.
• Amongst the largest room sizes in the Cardiff market:
• Studio average – 22 sqm
• 2-bed apartments average – 34 sqm
• Over 1.8 sqm per bed of high-quality amenity including gym, private dining, lounge and study spaces.
• Excellent asset performance record with 99% average occupancy over latest 5 academic years.
• Attractively balanced weighting between UK and international residents, as well as across study levels and universities.
• 80% average rebooker rate amongst eligible residents over the past 3 years.
• Projected NOI of £2,331,616 for the 2026/27 academic year.
• Technically compliant including FRAEW, EWS1 and fire doors.
• Institutionally owned asset that is operated direct let by Homes for Students under the Prestige Student Living brand.
• Fourth most affordable Russell Group market based on average rents 2025/26.
• 39,380 full-time students across five higher education institutions and a student to bed ratio of over 2:1.
• One of the smallest development pipelines of any Russell Group market and 0 new beds expected for 2026/27.
• Freehold.