St Andrews leads the top British cities representing the best investment income from the rental of residential property in the UK, allowing the investor to extract up to 12% per annum.
Despite the fact that the students are not the most exemplary tenants, the insurance company Simple Landlords Insurance believes that it is the best investment, and do not have to choose a famous city universities.
Oxford and Cambridge, for example, also can bring good income for the investor, but, because of overly expensive real estate in these cities, this income is not the highest percentage of the cost.
After St. Andrews, located in Scotland, should yield Lancaster, Loughborough and Birmingham with a yield of 10% per year, then Exter, Durham, Sussex and Nottingham with a yield of 9.5%.
In this study, the calculations that the house in St Andrews worth £300000 pounds can take five students, each of whom pays £150 a week, or £36,000 a year.
Oxford is the lowest return in percent. In the popular student location – Iffley Road standard house which cost £720000, can generate income of £2000 pounds per month or 3.3% per year .
In small cities it is very profitable to buy a home and rent out to several students. Enterprising Brits sometimes create a kind of mini-dorms for students from a small house. The students are very young and often they do not like to take care of your life. So, if they arrange another service solving everyday problems such as buying food, cooking meals, washing clothes and cleaning, this kind of housing is in great demand and will always be marketable.
® Alice Morgan. 18.08.2017 G.
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