Published: 19th February 2016
The Rocket is a new student development taking home in Stockton-On-Trees, with the aim of meeting the need for the current escalation in demand for this sector. The development will consist of a staggering 218 luxurious and fully furnished units alongside communal areas of a state-of-the-art gym and a cinema and games room, allowing student residence the chance to relax and socialise. With the development being built with the purpose of student accommodation, the overall design has been modernised to appeal to the students.
Stockton-On-Trees has seen a huge amount of investment from a wide range of areas. This has resulted in a huge escalation in the employment within the area, with jobs rising by a staggering 8.5%. The employment increase has also lead to a rise in the population within the area. Combining these two aspects has resulted in the rental within the area increasing, resulting in the area being the 5th location within the UK to live. £38 million has been plugged into regenerating the town centre and £203 million going towards the employment regeneration, turning the area into an investment hotspot. This increase suggests more housing is needed to help citizens and the students that don’t currently have accommodation.
With the development set to sell quickly, it is truly an unmissable opportunity. If you would like to receive a free information pack and talk to our consultants, don’t hesitate to get in contact.