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Student accommodation continues to set pace for landlords

Student accommodation continues to set pace for landlords

04 Feb 2014

The buy to let sector continues to do well for landlords - but student accommodation is setting the benchmark for letting performance.

Despite monthly rents increasing by 2% during 2013, the average buy-to-let yield for a UK landlord sits at 6.1% gross, down 0.1% on 2012. But student accommodation thrashes this figure with sustainable and assured yields of 7 to 9% - net.

Peter McDermott, Director of UK-based Go Global Investments, said: "These latest figures from Countrywide Residential Lettings show that despite 'Generation Rent', where the number of people renting from a landlord has doubled to 8.5 million in 15 years, gross rental yields are sticking around the 6% mark.

scottfraser - houses in multiple occupation HMO

There are many properties that will now fall under the definition of a HMO (Houses in Multiple Occupation), broadly those occupied by more than three people who form more than one household, but this is open to interpretation by the Local Authority.

Since 6 April 2010, changes implemented by The Town and Country Planning (Use Classes) (Amendment) (England) Order 2010 mean that landlords wishing to let their property to professional sharers or students may need to obtain planning permission to change the use classification of their property.

scottfraser offer free of charge advice if your property requires planning permission or falls into the HMO mandatory licence and can assist you with any specific requirements. Our in-house Compliance Officer, Sian Wallace, ensures that our HMO properties comply with any updates to the legislation.

Oxford City Council Contact for HMO Registration:

HMO Licensing Officer
Environmental Health Department
Oxford City Council
Ramsay House
10 St Ebbes Street
Oxford OX1 1PT

Tel: 01865 252837
www.oxford.gov.uk / HMO WebPage

Download the Oxford City Council Amenities & Facilities Guide for Landlords

Or for quick reference download our HMO Factsheet for Landlords.

Mileway Gardens, Headington "We are writing to express our gratitude for your own and your team's kind and professional attention to the purchase, management and sale of Mileway Gardens. When we first met we had no idea what the future would bring; with hindsight we should have taken a bigger risk and bought two! You have all treated us with the utmost courtesy and have dealt with all management matters swiftly and effectively. It has been very reassuring to know that the whole system could operate so well from a distance and has allowed us peace of mind in planning our next step."
Roger and Karen Farrington (Dorset - Landlords)