According to one leading money advice website, anyone hoping to turn a decent profit during the current buy to let property boom should invest in a multi bedroom property in one of the top university towns. Buy a three-bedroom property in Leeds, Bristol, Liverpool or Birmingham and you can easily generate a decent income from student tenants.<\/p>\n
London has traditionally been seen as the most lucrative area for HMO<\/a> properties, but thanks to the rising cost of property in London, returns on investments are now much lower than in provincial university towns. Instead experts recommend that would-be landlords target popular university towns with a high percentage of students and young professionals.<\/p>\n Know Your Target Market<\/strong><\/p>\n A lot of new landlords are wary of targeting the student market because student tenants have a poor reputation. However, although students are a higher risk than say a young professional tenant, rental yields can be excellent if you take on a property in the right area. For maximum rental yields, invest in a multiple bedroom property<\/a> near the campus or in a popular area of town, and remember that students are more discerning these days\u2014they will expect extras such as WiFi access, decent door and window locks, and secure bike storage.<\/p>\n Attract Young Professionals<\/strong><\/p>\n Young professionals are less likely to trash the place, but they do demand a greater level of comfort, so be prepared to install better quality appliances in the kitchen and decorate the property to a higher specification. It is also a good idea to choose a property close to public transport links.<\/p>\n","protected":false},"excerpt":{"rendered":" According to one leading money advice website, anyone hoping to turn a decent profit during the current buy to let property boom should invest in a multi bedroom property in one of the top university towns. Buy a three-bedroom property … Continue reading