Gower & Mae’s latest property opportunity located in one of the 10 hot spots for student accommodation in the UK
The team at Gower & Mae are working hard on new opportunities in the the Buy to Let Student Property investment sector. We are delighted to see that our hard work is being recognised and that our latest project has been selected as a UK hot spot by the Independent. Our latest student property investment project will offer purpose built buy to let student rooms in a refurbished listed building in Leicester.
The news article comments on purchasing houses and converting into student accommodation. Our approach to this market will be different in that we will offer property investors that chance to own purpose built luxury grade buy to let student rooms in part of a block, investors will benefit from an extensive range of communal facilites and more importantly an onsite managment company that can handle everything to do with the running fo the property making the investment hassle free.
Gower & Mae are targeting rental returns on these properties of 10% + and are excited to offer a unique non status related finance package on the project.
To ensure you recieve information on this project please register your interest on one of our other listed Student Projects either in London or Liverpool and we will get in touch with you directly to provide details on this project. We expect demand to be high on this opportunity so interest parties should register their interest today to ensure they avoid disappointment.
Student accommodation is already big business and the number of international students heading to the UK is set to increase faster than anywhere else in the world outside of Australia.
A recent British Council study revealed that international student numbers are expected to rise by 10 per cent over the next decade, equating to an increase of 30,000 students enrolling on British university courses.”The start of the academic year might seem a long way away, but now is the time to start the process if you are considering becoming a buy-to-let landlord in a university town or city,” says Samantha Baden, property analyst at FindaProperty.com.
“Despite controversy over fees, loans and available places, the buy-to-let student sector continues to grow, and in many areas is outstripping mainstream housing by growth, demand, value and yield”. Student towns have high occupancy levels, and if you can pick up a bargain the rental yields could be impressive.
However, if you want a piece of the action there are lots of things to think about before making the move.Older properties with multiple rooms are often a good bet, and many landlords choose to let the rooms on an individual basis, rather than renting the whole house to boost their income. In many cases students are happy to forgo a living room and use it as an extra bedroom.Breakages and disrepair can be more prevalent with student tenants so you may face higher maintenance bills, but at the same time students rarely expect high-end furniture and decoration, so it may cost very little for you to prepare the house.”Dont be complacent though, while students tend not to be too fussy about their accommodation, it must not be so inadequate it doesnt attract tenants, and not so upmarket your yield is too low. Balance is the key,” says Nicholas Leeming, the business development director at Zoopla.co.uk.Students tend to move on every year, so while you are not committing yourself to long-term contracts, it also means you will have to regularly find new tenants.