The surprising truth is that a humble studio or single apartment could be a very valuable property investment. It’ll weather turbulent economic times and maintain its value throughout.
Who needs one?
One of the key advantages of owning a one-room or single apartment is the versatility it brings, and the wide range of people looking to rent it from you. Unlike a house with multiple bedrooms – which is more likely to appeal to a family or group of friends – a studio apartment can be let to anyone from students to professionals, for very different reasons. Students and other single people on lower incomes will often choose a studio to help their money go further. Smaller apartments require less furniture, have lower energy bills and usually cost less than larger apartments or houses to rent. Studio apartments also offer a cost-effective way to live in the centre of cities and other desirable areas, appealing to single professionals or even couples who want to be in the centre of things while saving money.
Commuters will also often seek out a single apartment as an alternative to a hotel room because of the privacy, convenience and homeliness it offers.