I know what you mean we are regularly emailed by several companies with Student Let investment opportunities...have been wondering myself about these, as the percentage return is really good.
Can I give everyone a bit of personal advice? If you're going to buy Student property, please, do not invest in these modern schemes. Yes, they are going to manage it and control the money and investment for you, but what if you want to cash out? Where is the market? You'll be on your own. I bought a terraced house in Exeter a few years ago quite cheaply and did it up. I then gave it to a local letting agent to rent it out for me. It is very, very lucrative, it is my own house to do with what I will, and sell any time I choose. Not a "pod" or something in a block over which I have no control.
that's really helpful. Thank you. I'd never have thought of that.
Ah, that's really interesting, makes more sense to me.
I bought one and my percentage return is way higher than a normal rental and I don't have to lift a finger to do anything I just get paid monthly into my bank account I can cash out in 5 years timeMore than happy.
Yes that's fine, but are you guaranteed that money? What if they can't sell it?
I have it it in writing guaranteed
Really? Sounds too good to be true. I'd rather own my own property fully freehold.
I've just had a quick look on Rightmove, and it looks pretty expensive t do it that way nowadays...
As I said, I bought mine a few years ago, so perhaps these things have gone up. Would still recommend it though. Why don't you look at cheaper university towns? Hull or Aberystwyth for example?
Thanks a lot I will
I am glad I came across this and there was a mention of Liverpool because I have just been reading the same conversation on another forum https://www.propertyforum.com/forum/threads/what-is-your-experience-of-off-plan-property-investments.37495/#post-188603 it seems people are quite keen on student accommodation in Liverpool especially as there is a lot of building and opportunity.
Funnily enough I have just come across one too https://propertyhub.net/forum/topic/12403-have-i-made-a-mistake-investing-in-liverpool/?tab=comments#comment-46460 it seems a lot of us want to get into the buy to let market and the thing with student lets, espcially new builds targetted at people like us are very tempting with low depisits and stuff i am still sceptical tho
I actually took the advice of 370lizz and went ahead and bought a traditional property in Aberystwyth! I have not looked back honestly it is the best thing I have ever done
Did you? Really I am flattered! I am delighted to hear that it is going well!
So well! The property wasn't massively cheap but big enough and needed a bit of work so I spend a bit of money on it, but tell you what it is so worth it and I know that it is very easily saleable and I am in control of my own money and destiny with it.
What makes everyone thing these new ones are so bad?!
Not saying they are, but prefer to have something I can control
I own one in Bangor brilliant. Cost me next to nothing to buy and the yeild is unprecidented.
Ok point taken