call the sales & letting team: 03330 124 134

call the estate management team: 03330 124 125

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Lectures and Letting

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As host to many educational institutions including Aston University, Birmingham University, Birmingham City University, the U.K.’s second city is fast becoming a hotspot for students. With this growth in population comes a growth in the number of properties built for their presence.Graduates

Students are somewhat limited in their options for accommodation. Increasingly in recent years, halls of residence (on and off campus) are favoured – largely owing to the fact that bills are largely inclusive and locations are close to amenities and places of study.

Nonetheless, the popularity of shared housing is growing, as students become financially cautious. The rising cost of living coupled with University fees is significant enough to encourage further exploration of shared housing as an accommodation idea.

For the student, shared housing presents a wealth of ideals – from living with friends, larger rooms and a more affordable lifestyle. Most of these properties lie within the outer ring of city centres or slightly further afield, bus-stops and train stations away. Students are often regarded as the ideal type of tenant, for a multitude of reasons. Research has often indicated that they are more likely to keep up with rental payments and void periods are notably shorter when taking on student tenants. With academic years coming and going indefinitely, the influx of potential students would never be a concern.

Property buyers often identify this as a key investment opportunity. The rental yield which comes from student tenancies is often greater than most others, and can equate to a greater sense of financial security for landlords involved in this market. Becoming a student landlord often brings a heavier workload. Many tenants that are taken on board are indeed experiencing their first dose of being away from the comforts of home, and are more prone to anxiety during their residency. As their landlord, you’d become a frequent and familiar face that can be a basis of ease.

The structures of student housing are very much based on dealing with people not numbers, so if you're looking to provide housing, be sure sure to read up on managing students.

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