Demand for ‘High Quality’ Student Property on the Rise

Demand for ‘High Quality’ Student Property on the Rise

26 April 2018
Demand for ‘High Quality’ Student Property on the Rise

Dan Salkeld, Associate Director at Goadsby Winchester, reports a rise in the demand for ‘High End’ student property. Having overseen another successful student season the team at Goadsby noticed a pattern occurring;   the same couple of properties generating all the interest leaving a lot of disappointed students settling for their 2nd and 3rd choice properties.   The properties catching the eye of the tenants broke the mould of basic, second hand or dated furniture and were finished to a tasteful modern standard throughout. These properties let for an average of £20 more per person, per week. Bearing in mind the majority of student houses in Winchester are 3 or more bedrooms the additional income per person equates to £1000’s additional income each year. 

With Buy to Let stamp duty being at an all-time high perhaps it would be more financially feasible for landlords to re-invest in their current portfolio rather than increasing it.  Any landlords that would like further information regarding maximising their returns within the student sector should contact Dan on 01962 620444.

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