If you are simply buying a property because your children need somewhere to live for the duration of their course, we would strongly guard against an investment of this sort. Consider your exit strategy – what will happen to the property at the end of your child’s studies? Will it be suitable for an assured shorthold tenancy? The time frames involved are unlikely to allow you to see a profit if you don’t wish to continue to run the property as an investment for some years to come. If, however, you have identified the benefits of a student property investment, then combining it with providing your child with a home for the duration of their university stay makes sense. Remember that once your child has left the property, it’s care and administration is likely to become more burdensome.
Size and location are the first major considerations. Accessibility by public transport, and safety of the area are crucial. Remember that during the holidays the property will probably be empty so security is also an important factor.
Once your child has finished living there, use the opportunity to review your strategy:
If you are considering investing in student accommodation as an investment strategy, you will need to research where the demand is the highest and expected to continue. Monitor the universities that are still building despite Brexit, but consider carefully your market segment. Clean, well-maintained more communal older properties will still have an appeal to a certain demographic.
*Houses with Multiple Occupancy
Stacks’ Regional Directors have in-depth knowledge of the investment and student market in their regions. Get in touch here.
For more advice on investing in student accommodation, you may find this article on Your Money useful.
Thinking of taking advantage of lower prices in London and a calmer market to invest in? Stacks London talks about the current market conditions and how now could be a very good time to put some hard earned money back into bricks and mortar. More about real estate Investment in London...
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