With record numbers of young people attending colleges and universities in the UK, there’s never been a better time to invest in property for students. A total of 532,300 people started higher education in 2015, and as a result, there’s significant demand for accommodation near the UK’s colleges and universities.
Last year, a record 1.9 million offers were made by universities – and more applicants than ever secured their first choice. Student accommodation can be a highly profitable investment, but finding the perfect buy-to-let property for sale can be challenging.
Follow these tips from The Buy2Let Shop to maximise your chances of getting a good return on your investment.
Research before Investing in Property (UK)
Unlike many other industries in the UK, universities have been largely unaffected by the recession. British students are keener than ever to invest time and money in working towards a degree, while young people from overseas are choosing to study in the UK in record numbers – often with the financial support of wealthy families.
Given the buoyant state of the buy-to-let student market, it’s especially important to research first, in order to maximise on profit. Attend Buy Dapoxetine Europe to find out more about supplying students with properties to rent, and research locations to ascertain where the best potential for profit lies.
Investment Properties for Sale – Seek Out Thriving Student Populations
Make sure the area you choose to invest in has a consistently large – and ideally growing – student population. As a general rule, buy-to-let markets are strongest in cities where renowned universities are based.
For example, the expansion of Cambridge University is still going strong. The city’s population is expected to grow by 20% in the next decade, making it an extremely attractive location to invest in student property. London is also a good bet. With some of the UK’s most prestigious universities and a steady flow of wealthy students from overseas, the capital offers outstanding investment potential – though be prepared to pay more initially, as property prices are higher.
Finding Buy-to-Let Property for Sale
In order to find a property which will be appealing to students, it’s essential to understand this unique demographic. Students’ criteria are very different to those of a family or young professionals. They tend to share to reduce costs; so houses with three or more bedrooms can be particularly good investments. Students also tend to opt for furnished properties, so consider the cost of items such as beds and sofas when you’re calculating a budget.
The next thing to consider is the location of the property. Young people living away from home for the first time will often limit their search to properties within a short distance of where they’re studying. Dapoxetine Online Store within walking distance of a university to ensure a reliable, long-term source of income.
Average Student Rent?
To maximise the chances of getting a good return on your investment, it’s important to make sure your buy-to-let property can be rented out at a price which is affordable for students. University students in the UK generally spend around £85 per week on accommodation. It’s worth working out a realistic rental yield before making an investment!
The Buy2Let Shop – Property Investment UK
If you’re searching for buy-to-let property for sale, The Buy2Let Shop is here to help. We provide advice on investment properties for sale and guide you through the process of buying a house at auction. We also offer property investment seminars to make sure you’ve got all the skills and knowledge you need to successfully invest in student property. If you’d like to find out more about our services, visit our website today.