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Landlords
make more money off students in Edinburgh than anywhere else in the UK,
research found
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Landlords make more money off students in
Edinburgh than anywhere else in the UK, new research has found. In fact four of the top five most
lucrative locations can be found in Scotland, with Coventry the top English
spot in second.
Property
site Zoopla looked at where investors can get the best return from buying up
properties near universities and letting them out to students.
In
Edinburgh, buy-to-let investors can expect a rental yield of 6.11% for doing
so, while in Coventry it is 6.03%. Aberdeen is the third most profitable at
5.66%.
Press Association report continues:
But
while renting to students in Scotland is proving a veritable goldmine, the same
is not true in the North of England.
Renting
to students in Middlesbrough would mean a yield of just 1.47%, less than a
quarter as profitable as Edinburgh.
Similarly
investors in Lancaster will have to make do with a 1.87% yield, while in
Lincoln it is 2.14%.
Lawrence
Hall of Zoopla commented: "Scottish university cities are currently
offering fantastic returns for UK landlords.
"Many
Scottish universities are now internationally renowned, with thriving
undergraduate and graduate environments. This means demand for rental
accommodation in university areas is very high, as throngs of students compete
to live near their campuses.
"Combined
with Scottish house prices still remaining relatively low, this equates to
excellent yields."
Below
are the top 10 most profitable locations to let to students, including how much
it costs to rent a typical four-bed home and the percentage yield an investor
can expect to pocket.
1.
Edinburgh - £2,171 - 6.11%
2.
Coventry - £1,780- 6.03%
3.
Aberdeen - £1,912 - 5.66%
4.
Dundee - £1,029 - 5.11%
5.
Glasgow - £1,187 - 5.07%
6.
Warwick - £1,924 - 4.78%
7.
Chichester - £1,891 - 4.73%
8.
Oxford - £2,148 - 4.61%
9.
Bolton - £1,140 - 4.58%
10.
Wrexham - £1,043 - 4.53%
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