A Level results are out today, and all over the country 18 year olds are finding out whether they have made the grade for their chosen university.
First year student accommodation is usually in halls of residence, if you are lucky, but does anyone consider the cost of private renting for two years when deciding on which exciting city to live it up in while studying?
There are high demand and high rent areas such as London, Bristol and Oxbridge, but it is difficult to think beyond distance from home, courses, exams and results when making these decisions. Little consideration is given to private rental accommodation prices following the first year.
Paramount Investments specialise in the sale of properties for investment and redevelopment in
Oxford, Reading, Brighton,
Cambridge, Norwich,
London,
Glasgow,
Birmingham, Nottingham, Leicester,
Sheffield, Hull, Leeds, Bradford,
Liverpool, Manchester,
Bristol,
Cardiff,
Newcastle, Durham and more.
For parents who can, now is the time to consider investing in a second property. Universities are at capacity this year, there is already a shortage of student property and while many landlords prefer not to let to students, having a property to let in your child’s university town could be the way of turning a potentially expensive time into a profitable investment.
You have the benefit of knowing that you have a trust worthy tenant, with access to many others. Your tenant will look after your investment property.
There are also significant tax breaks if you're willing to put the property in your child's name as it becomes your child's principal private residence. There will be no capital gains tax and the rent-a-room scheme allows your child to rent out a room and earn up to £4,250 per year tax-free, as long as communal spaces such as kitchen and bathroom are shared.
Getting the finance without a major percentage deposit could be the most problematic area but mortgage companies are becoming more aware of the trend and Bath Building Society even offer a Buying for Uni mortgage.
For those willing to go the extra step, investing in a run down or derelict property which you can add value to create immediate capital growth through redevelopment, refurbishment or comprehensive modernisation of property investments.
Run-down buildings, distressed, dilapidated, empty or run down properties such as pubs hold great investment potential for re-development, renovation or restoration.
For further information on
Buy to Let property,
Run Down Investment Properties For Sale, and
Freehold pubs for Sale, and to view the
Paramount Investment database of properties for sale in all the main University Cities
click here.
