The North of England leads the way for buy-to-let opportunities for parents of undergraduates, a new survey has revealed. According to online estate agency Urban.co.uk, Leeds and Manchester came out on top, offering a whopping 6% potential rental yield, whilst Sheffield came in at a close second, offering an impressive 5.3% return. Other university towns […]
The North of England leads the way for buy-to-let opportunities for parents of undergraduates, a new survey has revealed.
According to online estate agency Urban.co.uk, Leeds and Manchester came out on top, offering a whopping 6% potential rental yield, whilst Sheffield came in at a close second, offering an impressive 5.3% return.
Other university towns to offer the best investment opportunities include(rental yield in brackets):
1. Leeds / Manchester (6%)
2. Sheffield (5.3%)
3. Plymouth (5%)
4. Canterbury (4.7%)
5. Birmingham (4.2%)
6. Oxford (4.1%)
7. Bristol (3.6%)
8. Brighton (3.4%)
9. Guildford (3.1%)
10. Exeter (2.9%)
Between 2010-12 and 2014-16, student rents have continued to rise across the board and this is not limited to private lets.
Average rental levels in purpose-built student accommodation have also continued to rise considerably, above the rate of inflation and the average rental costs for a student on a three year course could be as much as £23,1754.
For those parents with buying power, buy-to-let offers an opportunity to control rising student costs whilst also making a long-term investment for the future too.
Adam Male, co-founder of Urban.co.uk said: “Universities in the North are incredibly popular, and for parents with children studying in the area, this region presents itself as a prime place to invest, particularly as student rental fees continue to climb.
“With massive transport investments planned for these areas as well as more businesses moving to the North, a buy-to-let in these areas is not only likely to offer short-term financial gains, but a really solid long-term investment too.”
