Student Property Investment
Hey Guys,
I know many investors tell you to try and avoid student property, but I can’t see what the problem is? So I was wondering if anyone else has an opinion on it?
You see in an article I read the other day they talked about how of the 5.6 million students who choose to go to university each year, only 30.12% of them are provided with accommodation.
Do the maths and that means 3.85 million students across the whole of the UK have to look elsewhere to live.
Well I don’t know about you, but this got me intrigued, so I started looking around to see what the cash flow for these types of properties was and I was pleasantly surprised with the stats that I found.
Whilst universities on average charge £56.85 a week, in the private sector they only charge £51.57.
Now I know what you’re thinking – that these figures means property investors are earning less. But that is not strictly true. With such a saving more and more students are opting to rent privately.
With this point at the forefront of my mind, I decided to dig a little deeper to see what other locations were offering, and I have to admit I was impressed. They got better and better:
London: 102.85 a week
Leeds: £62.03 a week
Guildford: £61.88 a week
But now I don’t know what to do. Do I use this information to invest? Or do I keep looking?
What do you guys think? Any help on this topic would be greatly appreciated – get back to me xx
