Silk Mill
Silk Mill in Lancaster was created through the thoughtful renovation of a Victorian-era mill.
Designed as a high-performing asset for property investment folios, its apartments were let fully furnished and with the support of an experienced management company. They were completed in 2021.
Targeted at the popular local student market, the development features self-contained studio apartments and provides the closest private accommodation to Lancaster University itself. This gives the property a unique appeal, since most student properties are located in and around the city centre and require students to make journeys of around 4.5km (2.75 miles) to reach the main campus.
In all, the development comprises 119 luxury studio apartments.
Gallery
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The Student Property Market
Lancaster is home to over 18,000 students and hosts two higher education institutions: Lancaster University and The University of Cumbria’s Lancaster campus.
Lancaster University is among the best the UK has to offer. Consistently ranking in the top 10 of all three major national league tables, the institution is also within the top 1% of universities globally.
In addition, Lancaster sat third for graduate-level employment in the Times and Sunday Times’s Good University Guide 2019. What’s more, the student population has increased at a rate of 16% per annum since 2008/09 – well above the national average of 12%.
The city’s smaller institution, The University of Cumbria, specialises in agriculture and natural sciences and operates across six campuses throughout Cumbria and the North West. The institution attracted 8,635 students in 2016/17 and has grown continually since being granted full university status in 2007.
Location
Few, if any, student lodgings in Lancaster can offer The Mill’s location. Just a stone’s throw from Lancaster University’s main campus, the property combines convenience with stunning countryside. And, with the university’s sports centre and local bars just a 10-minute walk away, all the trappings of student living are on residents’ doorstep. There’s even a 4-star hotel nearby for visiting parents and relatives.
The property also boasts fantastic transport links, with several bus routes to Lancaster city centre and the train station. Alternatively, both are within a short car journey.
Building on the Past
The museum on the first floor is a permanent exhibition of some of the old mill machinery that has been carefully removed from the original site. The building is the world’s first mechanical silk mill, dating back to 1700, and we were keen to showcase this and preserve its important historical heritage.
Key Features
- Furnished studios containing a modern kitchenette and en-suite bathroom
- Fast Wi-Fi
- Secure entry system
- Fully equipped gym
- Large study spaces
- Games area with pool and Foosball tables
- Cosy seating area designed for socialising
- On-site laundry room
- Bicycles are available to tenants to commute to university