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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Latest Comments

Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

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Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

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Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

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paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

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CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

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warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

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Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

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jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

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