Paul Georgian Owner

The Buy2Let Shop Limited

The Buy2Let Shop Limited is a property investment company based in London UK and deals with investors at novice/beginner level or advanced property investors. We offer professional services to vendors looking to sell their home to investors looking to build their portfolio.
The Buy2Let Shop Limited South Tower, 26 Elmfield Road Bromley BR1 1WA
020 3837 3300
7 August 2017
7 August 2017,
 0

The new university intake is set to arrive in September, making it a lucrative time of year for landlords catering to the student market. Rent to students, and you’ll enjoy longer-term, more reliable tenancy, high demand, not to mention the opportunity to maximise profits by converting your house to an HMO.

If you’re new to UK property investment and want to learn more about letting to students, here’s a useful guide to help you.

Letting to Students – All You Need to Know

  • What sort of buy-to-let property for sale? Generally speaking, you’ll need to look for a property that has at least three bedrooms. It’s also worthwhile to choose a house that offers a spacious living area, as this is highly coveted by students. If you’re planning to rent to four or more students, we recommend picking a property with more than one bathroom or toilet.

 

  • Which area? Naturally, you’ll want to look in well-established student areas; streets that already have a proven track record of attracting tenants. Houses should be close to the university campus, and ideally near local amenities and the town or city centre.

 

  • HMO considerations. If you convert your property to an HMO, you’ll enjoy far greater returns. However, be aware that you’ll need to comply with HMO rules, and that you’ll have a few extra responsibilities as a result; for example, you’ll need to check the electrics every five years, plus install smoke alarms on every inhabited storey of the house.

Marketing Your Buy-to-Let Property

Marketing is an important consideration, and should be taken into account before you even start searching for buy-to-let properties for sale. Students start searching for accommodation in January (though some leave it far later), so you’ll need to have some form of advertising in place at around this time. A letting agent may be able to assist you with attracting tenants.

Are Students Lets the Best Option?

Letting to students offers a lot of benefits – a steady flow of tenants, guarantors (in the shape of student parents), plus strong rental yield. However, it isn’t for everyone. Bear in mind, your property is likely to experience more wear and tear if it’s being let to students, so you’ll need to factor this into your projected maintenance costs.

You’ll also be expected to provide furniture (beds, wardrobes, desks, kitchen appliances, tables and sofas – at the very least), and this also needs to be considered in your overall budget.

The Buy2Let Shop Limited

Investing in UK property with the intention of letting to students is a really lucrative option, particularly if you’ve got a solid strategy in place, right from the start. If you’d like some assistance with your UK property investment, talk to The Buy2Let Shop team today. We’re specialist property investment agents, and we’ll help you find the right buy-to-let property for sale; a house or apartment that will generate the best possible rental yield, plus good ROI from capital growth.

To find out more about our range of services, simply visit The Buy2Let Shop website today.

Leave a Reply

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