Forget Oxford and Cambridge. Glasgow is the most desirable student town for UK landlords, according to research released today by property website Zoopla.co.uk.
With an average gross yield of 4.95% on typical four-bedroom student property, Glasgow tops the investment league table when it comes to student buy-to-lets.
While most students dream of getting a place at a prestigious Oxbridge college, landlords are likely to be looking at the returns that can be achieved from those university towns topping the league table published by Zoopla. Rounding out the top five behind Glasgow (4.95%) are Hull (4.80%), Manchester (4.59%), Cambridge (4.54%) and Bristol (4.29%).
The research revealed that the average gross yield on a typical four-bed student property across the UK is 3.79%. In terms of university towns that student landlords might wish to avoid, those with the worst returns currently were identified as Carlisle (2.58%), Middlesbrough (2.61%) and Bournemouth (3.09%).
Despite having the largest student population in the UK, London came in as only the tenth most attractive place in the UK to invest in student accommodation. Despite fierce demand for rental accommodation, house prices in the capital are increasing more rapidly than rents and reducing the returns on offer for landlords. The average gross yield on a typical student property in London is 4.20%.For free independent buy to let mortgage advice contact Integrity IFA now or visit our website to use our free buy to let mortgage source and calculator – www,integrityifa.com
