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Leeds and Manchester are top buy-to-let spots for parents of undergraduates

Another good news for Leeds Property Market. Northern cities Leeds and Manchester offer the best buy-to-let property investment opportunities for the parents of undergraduate students, according to research. Both areas have an average rental yield of 6%. C4P Estate and Letting Agent has prepared various analytical reports on Leeds Property Market.

2354coupland_st_manchesterNext up is Sheffield (5.3%) followed by Plymouth (5%) and Canterbury (4.7%). The next six top performing areas are all located in the South of England or the Midlands.

As well as in private lets, the average rental level in purpose-built student accommodation has also continued to rise significantly.

According to Unipol Student Homes and the National Union of Students’ Accommodation Costs Survey, the average rental cost for a student on a three year course could now eclipse £23,000.

Buy-to-let offers parents with ‘buying power’ the perfect opportunity to control their children’s rental costs while also making a long-term investment.

 

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