You are here: Home - Mortgages - Buy To Let - News -

St Andrews named top town for student landlords

0
Written by: John Fitzsimons
17/08/2017
Landlords hoping to take advantage of the student lettings market should look to St Andrews in Scotland, according to research.

The study from Simple Landlords Insurance ranked university towns based on the yield investors can enjoy from buy-to-let properties, with St Andrews taking top spot thanks to yields of as much as 12% per annum.

The university is also ranked third in the Complete University Guide, making it highly desirable for investors and students alike.

The research looked at Largo Road, where fairly large houses cost an average of £300,000 and five students paying £150 a week could deliver collective rent of £36,000 a year for investors.

Other university towns to perform strongly, with yields above 10%, included Lancaster, Loughborough and Birmingham.

Buy for children

Alex Huntley, head of operations at Simple, noted that while academic league tables are always led by the likes of Cambridge and Oxford, neither of these locations offers the strongest yields for investors.

He added: “Rising educational costs means that more and more students are having to work to support themselves during university, meaning that many are there to work rather than just party, and often don’t deserve their bad reputation.

“One way to mitigate the risk is to invest in an area you know, for a student you know – and we’re seeing more people with children at university choosing to invest and buy a property rather than see rent going down the drain.”

Landlord university league table

University Landlord yield
St Andrews 12%
Lancaster 10.73%
Loughborough 10.53%
Birmingham 10.37%
Exeter 9.98%
Durham 9.93%
Sussex 9.6%
Nottingham 6.6%
Edinburgh 6.64%
Manchester 6.4%
York 6.14%
Warwick 5.67%
Leeds 5.63%
Bath 4.92%
UEA 4.72%
Cambridge 4.29%
Bristol 4%
Surrey 3.97%
Oxford 3.33%

Source: Simple Landlords Insurance

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
energy bills
Energy users overcharged £100m due to supplier billing blunders

More than a million energy customers have been overcharged in the last year due to supplier mistakes, research has found.

Close