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

MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

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ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

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NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

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Landlady14
Landlady14 01 Mar 2017

You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

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Mark
Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

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Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

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Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

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James Powell
James Powell 27 Feb 2017

This is a very good news.

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DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

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Matt
Matt 20 Feb 2017

Is this fake news?

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Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

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CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

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