Tips for landlords targeting London’s student boom
- 25th January 2012
- Property Tips
Returns on student properties have doubled in just one year - what kind of properties do they prefer?
One recently published index, suggests that returns from student property in London doubled to 15.1% last year as a growing number of students continue to flock to the capital.
But how can London’s buy-to-let landlords be sure to capitalise on the student rental boom? One way is for buy-to-let investors to ensure that their property is as attractive as possible to students:
- Students tend to rent in groups once they leave halls of residence. While one- or two-bedroom properties will still generate interest, properties with three or more bedrooms are seeing very high demand from students.
- Bathroom facilities are a premium, especially in student properties. Properties with more than one bathroom achieve a rental premium.
- Transport links to Central London are important. Even those university campuses outside of Central London (Kingston, Queen Mary’s, Roehampton, University of East London) often have campuses dotted around the Capital.
- Nightlife is a big consideration for many students. Ludlowthompson’s local amenity tracker is a good way to check what a local area has to offer in terms of night life.
Stephen Ludlow, Chairman of ludlowthompson says: “London has a wealth of top tier Universities and continues to attract students from outside of London and overseas.
“London’s great commuter links mean that students are scattered across the capital, but the strongest demand is in areas around the major London universities.”
London has a wealth of top tier Universities and continues to attract students from outside of London and overseas.
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