returns via student accommodation
Landlord Mortgages reveals
that parents can make a good profit if they choose to buy a house
for their child to live while at University.
Figures up to £33,000
profit return over a three-year term is easily possible, Landlord
University students, which wish to study in Edinburgh, would
see the highest returns after a 3-year period. Landlord Mortgages estimated a profit of £31,527 if parents choose to rent
out three of four bedrooms while their child were to live as
a group in one home, this would leave their child a rent-free
period of 3 years.
London is also a ‘hot-spot’- £29,346, £22,990
- St Andrews, £19,935 – Bath also has potential
for a long term return, figures around £19,000 over a 3-year
period. Property has always been a good investment, looking at
figures from the early years house prices have risen and are
to a further rise towards the end of 2007.
Managing director of Landlord Mortgages,
Lee Grandin, commented: “With
property prices steadily rising, particularly in Scotland and
London, there is clear scope for a high return on investment.
Rental yields remain steady so student property will definitely
make a solid asset and one well worth considering.”
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