"Over the last decade, sales of 1 million-plus flats in England and Wales have trebled."
Tom Hodson - SevenCapital
The rise of luxury apartments is due to the fact that people are looking to be more environmentally-responsible by moving into more compact spaces that provide the facilities associated with hotel-like-living. The concept of indulgent living also extends to student accommodation, as those studying in universities across the UK are looking for lavish living over simple digs. Due to this interest in luxury living, more properties are offering amenities that are usually associated with a hotel stay.
If you’re looking to boost your property portfolio, you should take a look at some of the most sought-after amenities found in today’s luxury properties, which will help you achieve success in the high-end market.
Rooftop terraces
Luxury apartments of today are not complete without a roof terrace standing proudly at the top. In warmer countries, you will find a rooftop swimming pool but these are not exactly practical in rainy England. In Liverpool and Manchester, various property companies offer high-end apartments with rooftop terraces that feature lounge areas that offer city dwellers a place to escape the hustle and bustle. This also provides excellent views of the city skyline, which is the icing on the cake for those looking to buy or rent. The Nethouse Prices article explaining amenities that positively impact rental returns states that rooftop terraces are a key element of gaining capital appreciation on a property. It's an ideal way to make a return on your property and also means your tenant is happy too!
Concierge services
Another hotel-style amenity that tenants find extremely useful is a concierge service, especially if they are new to the area, as they may not know where is good to eat or go out. Having access to a concierge is now an expected amenity for those looking to live in top-of-the-range apartments. This is especially popular with busy professionals who wish to set up meetings or arrange a dinner, as everything can be done for them in just one phone call.
Fitness facilities
One essential that is popular in apartments of today is an in-house gym or fitness rooms, which offer complete convenience to residents. This helps them save time travelling to another gym as well as saving money on a membership. It also encourages more people to exercise, as there is no excuse with fitness facilities on their doorstep, allowing them to lead a healthier lifestyle.
Spa access
After a session in the gym, there is nothing people want more than a nice relaxing sauna or dip in the pool, which is why many developments offer spa amenities. Some step it up a notch with infinity pools and treatment rooms which enable residents to get a massage or a facial whenever they wish.
Entertainment rooms
For those looking for that bit of extra entertainment, some apartment complexes now offer cinema rooms which provide the complete Cinemax experience, allowing residents to watch old and new films. Another popular addition is are games rooms which feature everything from poker, snooker, air hockey, arcade games and more which offer a great space to unwind and blow off some steam after a long day at work.
