New research from specialist buy-to-let broker, Landlord Mortgages, reveals that parents can make substantial profits by investing in property near their child's university.
The research shows that shrewd parents can make a profit of up to £32,000 over a three-year period.
The research showed that Edinburgh is the most attractive university town to invest in with an average three-bedroom terrace property appreciating by almost £29,000. Additional profits can also be made as a parent’s child will not be paying excessive rents to other property owners, which brings the total profit to £31, 527.
Other good university towns to invest in include London, St Andrews and Bath, all of which could result in a profit of £20,000 or more.
High demand among students for lettings around university campuses has pushed rent costs up and there is a clear financial benefit for parents to invest in their child’s education in this way.
Lee Grandin, managing director of Landlord Mortgages, points out that such an investment also has spin-off benefits and says, “Buying for your child’s higher education has three fold benefits; potentially making a handsome profit, security in the knowledge your child is living in good accommodation and choice over your child’s flat mates.”
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