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
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.