The Buy2Let Shop, One Elmfield Park, Bromley, BR1 1LU
020 3504 1310 info@thebuy2letshop.com

The Best Places to Invest in Student Property in the UK

It’s a well-known fact that investing in student property offers some of the highest rental yields in the country. The UK’s student population continues to rise steadily, and this means more people seeking accommodation, and higher profits as a result.

If you’re thinking of investing in UK property, and you’re keen to learn more about the student market, here’s some useful information about the country’s current hotspots.

Buy-to-Let Properties for Sale – Where to Invest?

In order to find out which towns and cities are best for you, it’s important to establish what your priorities are.

Affordability

If you’ve only got a small sum of money to invest, affordability is going to be key for you – and you’ll need to find locations where prices are cheap, whilst still offering solid rental returns. In Scotland, Dundee and Glasgow are both excellent options – particularly in Glasgow, where property prices are rising steadily, and you’re likely to make a good profit from capital growth. In England, Sheffield is also well worth considering, due to its reasonable property prices and potential for future growth, as are Nottingham and Swansea.

Largest student population

When looking for buy-to-let property for sale, it’s important to make sure there are a steady flow of tenants in the area. Lack of demand can have serious impact on your investments, and ideally, you want tenants in situ at all times of the year. If tenant demand is a top priority, look in cities where student populations are the largest, such as London, Manchester, Birmingham, Sheffield, Nottingham or Leeds.

Best rental yields

If you’re going to be relying on rental yield to provide a monthly source of income, you’ll want to make sure it’s as high as possible. Some cities (such as London) offer high rental rates, but you’ll pay a premium for buy-to-let properties for sale there, which will reduce your profit margins. Currently, the highest rental yields in the country can be found in Nottingham, Leeds, Belfast, Coventry, Glasgow and Manchester.

Other Things to Consider

Of course, profit and affordability aren’t the only things you’ll need to think about. It’s imperative to consider other practicalities too, such as:

  • How do you plan to manage your property? If you’re not using the services of a letting agent, you’ll need to think about how long it’ll take you to travel to the house.

 

  • Prospects for the future. Is the area scheduled for any regeneration? Does the university look set to attract more students in the coming years? Factors like these will affect rental rates and property prices, so make sure you keep them in mind.

 

  • Potential for improvement. When you view buy-to-let properties for sale, think about how you can improve them to boost profits. For example, adding an attic extension not only creates space for more students to live there, but also adds value on to the property.

The Buy2Let Shop

If you’re considering investing in UK property, and you’d like some expert assistance, talk to us! The Buy2Let Shop are a team of professional property agents and we’re here to make sure you get the best possible deals, and great results from your investment.

To find out more about how we can help you, visit The Buy2Let Shop website today.

Leave a Reply

Your email address will not be published. Required fields are marked *