The most lucrative university cities in the UK, based on house prices, rents and growth in local housing markets, have been identified by a leading London estate agent.
Based on the research, which took into account a range of factors from house prices through to average graduate income, Edinburgh is considered to be the number one university city to invest in property, followed by Bristol and Brighton.
In contrast, Aberystwyth, Liverpool and Lancaster came out as the least beneficial investments, owing to more affordable rents and slower house price growth.
As September approaches, Chestertons wanted to create its own league table according to the potential pay outs of property investments in the university towns and cities.
The top ten university cities and towns offering a good investment opportunity, and the scores they achieved, are as follows:
1. Edinburgh – 8.3
2. Bristol – 7.9
3. Brighton – 7.8
4. Reading – 7.7
5. Oxford – 7.5
6. York – 7.1
7. Cambridge – 7.0
8. St Andrews – 7.0
9. Southampton – 6.6
10. Warwick – 6.6
Daniel Killick of Chestertons said: “Student lets are generally seen as a great investment; there will always be a reliable level of demand and universities can often be really helpful in pointing students your way. Some locations, however, offer a better return than others. We were keen to get some deeper insights into the UK’s student property market and understand where the most attractive prospects are – and the ones that are less likely to pay off.”
Here are some top tips for investing in student property.