With universities in almost every major town and city, there really are investment opportunities around every corner. As well as a choice of locations, there’s also a choice of student accommodation, which includes:
Houses in Multiple Occupation (HMO)
When you think about a typical student house, you’ll probably imagine a HMO. A HMO is defined as a building, or part of a building, where at least three tenants live, forming more than one household (a household is defined by the Government as either a single person or members of the same family who live together). A large HMO is classed as a property where at least five tenants live, forming more than one household. All HMOs have shared basic amenities in common, such as a communal kitchen or shared bathroom.
Purpose-Built Student Accommodation (PBSA)
Developers are responding to increasing numbers of students by building new apartments specifically with student renters in mind. These brand-new blocks often have communal facilities, a proximity close to the university’s campus sites, bills included, brilliant broadband and high levels of security. In fact, this type of accommodation is so student friendly that university housing officers often promote PBSA properties on behalf of landlords.
Standard accommodation
Don’t discount smaller houses and flats that would suit two or three students, especially apartments in established developments. Properties with en-suite bathrooms and large lounge areas rent well and hold their value, especially those within walking distance of campus, shops and transport links.