4. April 2012 11:54
There are many landlords in the UK who specialise in providing student accommodation, and this can be a profitable avenue. In student towns throughout the nation young scholars need houses to rent, but before you invest in student rental property research is vital. Thorough research should indicate whether a certain area and a certain property is a shrewd investment, and this should subsequently help you create a steady income stream from your investment.
It is essential to gauge the amount of demand for student property in a certain area. You may have found a spot that is teeming with students but if there is a surfeit of housing already, this probably isn’t the right area to invest. If you find that there is a great need for extra student accommodation in a certain locale, you can then speak to estate agents about available properties and think more about the accommodation you want to buy.
Manage your investment
If you are a first time investor it is wise to start with a two or three bedroom house. A property of this size will be easier to manage than a larger one and you will not need a property management or lettings agent. It is also prudent to invest in accommodation near your own home, so that you can visit whenever you need to for maintenance and regulation checks.
The rental market is very strong in the UK at the moment and industry experts suggest that the current need for rental property will continue indefinitely. Student rental property is always required and it is one of the safest areas of property investment.
Investing in student property can be very lucrative if you do adequate research, so make sure you consider the location and type of property carefully before you commit.