Investors are eager to take on buy-to-let mortgages, despite the UK property market being in a whirlwind. Most of these investor are aiming to become a student landlord.
After conducting some research, we found that online searches for 'cheapest buy-to-let mortgages' have shot up by a staggering 160% in the past year alone. Whilst investors search for the most sustainable return on property investment and to fix losses from the cost of living crisis we face in these difficult times.
Here is our Top 10 Cities to become a student landlord.
10. The University of Warwick
The area in which the University of Warwick is has an average house price of £350,326. An average annual student rental income of £10,244 and a total of 42% of students renting.
9. The University of Lancaster
The area in which the University of Lancaster is has an average house price of £192,685. An average annual student rental income of £7,020 and a total of 50% of students renting.
8. London School of Economics and Political Science
The area in which the London School of Economics and Political Science is has an average house price of £691,018. An average annual student rental income of £10,400 and a total of 47% of students renting.
7. Glasgow Caledonian University
The area in which the Glasgow Caledonian University is has an average house price of £198,747. An average annual student rental income of £10,192 and a total of 35% of students renting.
6. Robert Gordon University
The area in which the Robert Gordon University is has an average house price of £192,930. An average annual student rental income of £9,360 and a total of 48% of students renting.
5. London School of Hygiene & Tropical Medicine
The area in which the London School of Hygiene & Tropical Medicine is has an average house price of £691,018. An average annual student rental income of £9,620 and a total of 57% of students renting.
4. Imperial College of Science, Technology and Medicine
The area in which the Imperial College of Science, Technology and Medicine is has an average house price of £691,018. An average annual student rental income of £9,800 and a total of 56% of students renting.
3. The University of Glasgow
The area in which the University of Glasgow is has an average house price of £198,747. An average annual student rental income of £8,320 and a total of 46% of students renting.
2. The University of Edinburgh
The area in which the University of Edinburgh is has an average house price of £324,801. An average annual student rental income of £11,544 and a total of 52% of students renting.
1. Royal Conservatoire of Scotland
The area in which the Royal Conservatoire of Scotland is has an average house price of £198,747. An annual student rental income of £9,360 and a total of 52% of students renting.
So overall it is ultimately Glasgow that has the top spot to invest in. But what do the students desire in their landlords? Well a recent survey shows that honesty is the best quality that students seek the most in landlords with 17% of students valuing honesty over communication and even abiding by contract.
We here at #TeamCES highly recommend researching ever aspect of any property you are considering investing and letting out. Including the area in which it is in.
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