06.09.2016 Thinking investing into the buy-to-let market? ‘Comparisons between different property market at the higher echelons of academia.

06.09.2016 Thinking investing into the buy-to-let market? ‘Comparisons between different property market at the higher echelons of academia.

September is the busiest month for most of the children – pack up their belongings and head to university. Most of their parents will have to shell out to help their son or daughter pay the costly rents for their accommodations. However, some brilliance parents choose to invest in a buy- to – let property for their child to live in while they study rather than paying their money to a private landlord.

This article will introduce you the property market of 6 different cities in this country for combining affordable property with higher echelons of academia.

University: University of Manchester

Why Manchester University: an award- winning careers service and courses built with the students employability in mind, it is no surprise that 94% of the graduates go straight into jobs or further study.

Property value change in last 5 years: £24,587 or 17.7%

Average asking rent per month: £858

Average property value: £163,598

Local agent commented on the property market in Manchester: ‘rent are often trebled from the end of July to mid-September, often outstripping and pushing up rents by roughly £50 per month.’

1. Oxford

University: University of Oxford

Why Oxford University: The university is international reputation for world- leading research and resources attract students from all over the world. It is consistently ranked as one of the top universities in the world.

Property value change in last 5 years: £92,136 or 24.1%

Average asking rent per month: £1,963

Average property value: £473,724

Local agent commented on the property market in Oxford: ‘ the buy- to let market in Oxford is thriving because of the high net worth families and academics attracted to the city.’

2. Cambridge

University: University of Cambridge

Why Cambridge University: One of the best universities in the world and it is ranked as a number 1 for well- structured courses, high quality teaching and tuition in small class ( according to Times Higher Education Student Experience survey 2015)

Property value change in last 5 years: £82,847 or 25%

Average asking rent per month: £1,135

Average property value: £415,511

Local agent commented on the property market in Cambridge:’ Due to the Stamp Duty regulations changes on second homes, it has constricted supply in Cambridge and pushed up the rents by around 15% in the beginning of 2016. As well as from students, rental demand comes from the big corporations moving to the city as well.’

3. London

Universities: Imperial College London/ University College London/ London School of Economics and Political Science/ King’s College London

Why London Universities: There are at least 4 universities in London are ranked as top 40 in the world.

Property value change in last 5 years: £167,401 or 35.8%

Average asking rent per month: £2,735

Average property value: £634,724

Local agent commented on the property market in London: ‘ London is a massive potential market for student rental because the universities do not own enough accommodation for their own student’.

4. Edinburgh

University: University of Edinburgh

Why Edinburgh Universities: it is ranked fourth in the UK for research power, based on the quality and breadth of their research. It is also ranked the second best student city in the UK.

Property value change in last 5 years: £36,490 or 16%

Average asking rent per month: £1,269

Average property value: £264,839

Local agent commented on the property market in Edinburgh: ‘ At 8.7% higher than last year, rents on two0 bedroom properties are rising the fastest. Rents on these homes now average £686 per month with yields running at 9%. Around 70% of all properties in Edinburgh are let within weeks of being listed for rent’.

5. Durham

University: University of Durham

Why Durham Universities: 90% of subjects in Durham University ranked in the UK top 10 and 89% of their students say they are satisfied with their experience at Durham.

Property value change in last 5 years: £14,158 or 10.1%

Average asking rent per month: £800

Average property value: £154,509

Local agent commented on the property market in Durham: ‘Properties within the DH1 area, which includes Nevilles Cross, Gilesgate and the city centre, demand is at its highest with property achieving anything from £75 to £150 per person, per week.’

6. Bristol

University: University of Bristol

Why Bristol Universities: City life in Bristol voted the best in Britain by 20,000 students across the country.

Property value change in last 5 years: £58,539 or 25.2%

Average asking rent per month: £1,044

Average property value: £291,081

Local agent commented on the property market in Bristol: ‘Bristol has performed well on capital growth, rising 14.7% in the year to June 2016. There are little or no voids between academic years that’s why parental investors often retain houses as investment vehicles once their children have left university.’

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