Birmingham has been found to offer the third best rental yields of all UK university locations, according to new research.
The analysis, undertaken by Property Partner, found that investors’ interest in student property expectedly peaks through the summer months. Investors across the country aim to make the best of the hundreds of thousands of students preparing to find a place to live during their course.
Birmingham rental yields
Birmingham ranked highly, third behind Sunderland and Teeside. The campuses of both Aston and Birmingham City University offer an enticing prospect for property investors. The average house price in the area is just £116,732 and these relatively low purchase costs are matched with healthy average net yields of 4.5% per year.
With the new High Speed 2 train terminal set to be built right next door, investors could potentially enjoy even stronger capital returns in the future.
The highest property prices were seen in southern university centres of London, Brighton, Reading and Oxford, making these cities less attractive for investors as they tend to offer low yields.
There is a perception that students leave the accommodation in a poor state. On the whole, this view is unsupported; but like all tenants, problems can arise. Many newcomers to university have no experience of living on their own and may, therefore, be unaware of the dos and don’ts.
Landlord inventory clerk Birmingham
Skribes is Birmingham’s leading independent inventory and property services specialists. We provide landlords with inventory reports, check-in reports, interim reports, check-out reports and legionella reports, all of which aim to minimise issues that arise when a tenant’s contract has ended.
To find out how we can help you make it easier to manage your student property, call us today on 07891551905 or email firstname.lastname@example.org.