What do students actually want from their rental accommodation?

What do students actually want from their rental accommodation?

Student property is attracting huge number of investors, attracted by promises of good annual yields, low void periods and an easy to manage investment.

This does sound a tempting prospect to many, but what is the best type of student property to invest in? The Mistoria Group, specialists in student property, conducted a survey to find out what students want in their private rental accommodation.

The results show that the top three most important ‘wants’ are safe and secure accommodation (89%), good internet connection (88%) and the essential creature comfort, a washing machine (76%)!  Coming in fourth place is being close to a university campus (72%), followed by high quality accommodation (59%), being close to amenities (47%) and superfast broadband (42%).  

With the rising cost of university education, it is no surprise that the majority of students are concerned about food costs (66%), followed by public transport (42%) and mobile phones (40%).  Surprisingly, just 14% of students are concerned about energy costs.


Mish Liyanage, Managing Director of The Mistoria Group comments: “Our data shows the vast majority of students want to live in high quality, shared accommodation, with good internet access and affordable bills.  We also know from previous research that that the overwhelming majority of students (80%) want to live in shared accommodation with friends.  Only 5% want halls of residence and just 3% of students want to live in a self-contained room or flat.

If landlords and investors provide the right type of property, they will be able to attract lucrative students.  Student accommodation offers investors a number of attractive features such as high yields as students settle for less space than other tenants; high occupancy; and it is neatly counter-cyclical, as more people go to university during economic downturns.
   
A Mistoria HMO offers between 8%-10% cash return on rental income per year, a return of investment from day one (this is not a projection). For as little as £150,000, an investor can buy a four bed HMO in the North West, in a good location for students and professionals, fully refurbished, furnished and tenanted for the coming year.”

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Spencer Fortag
Spencer Fortag 25 Aug 2016

The funny thing is, I mentioned the brick issue in my blog back in April: http://medwayproperty.blogspot.co.uk/2016/04/the-medway-property-market-and-lack-of.html

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SecomTech
SecomTech 19 Aug 2016

Firstly, I either lodge with DPS or do not take a deposit...secondly, If a tenant has not received a confirmation their deposit is secured with either a scheme or in an insured account with an agent/landlord,...

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jasonevans
jasonevans 19 Aug 2016

Belvoir has over 15 years of experience in property lettings, buying and renting and is one of the best agencies I know about. I have heard that they revived an award for the hard work. Really amazing...

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jasonevans
jasonevans 19 Aug 2016

Usually these areas are least affected when it comes to unexpected economical collapse.

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TheWaspNestRemover
TheWaspNestRemover 11 Aug 2016

You agree to pay for the treatment needed to get rid of fleas, ants, mice, wasps nests and other pests unless you can prove that these are a result of us not meeting our repairing responsibilities or these...

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madisonwelch80
madisonwelch80 02 Aug 2016

16% is quite a raise. Let's hope this tendency won't continue for long.

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madisonwelch80
madisonwelch80 02 Aug 2016

?66,963 is a serious price drop However buying a property it a serious investment only small percentage of the UK population could afford.

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madisonwelch80
madisonwelch80 02 Aug 2016

Wow, it kind of surprised me. I mean counting on mom and dad's bank even after retirement is too much. That's the moment in life when one should have ensured themselves. I am shocked.

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AbbieP.
AbbieP. 22 Jul 2016

"While house prices in the most expensive eleven boroughs have declined values in the cheapest eleven boroughs continue to rise" - not a nice way to even out the price range. London is overrated as it

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AbbieP.
AbbieP. 21 Jul 2016

And try to profit from your decisions, I may add

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CommercialTrust
CommercialTrust 19 Jul 2016

Retirement investment has always been one of the biggest draws of buy to let. And the buy-to-let demographic is, on balance, older. (Over a third of our applicants are over 50 at the time of application.) It...

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Forrest Wheatey
Forrest Wheatey 11 Jul 2016

I find the time perfect for ever home-owner wannabe. Prices should slowly, but steadily drop, at least for the inner buyer. Making it harder for outsiders to buy properties (the whole Brexit thing means...

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