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.
ITS proximity to the hospitals, schools and Oxford Brookes University makes Headington a constant favourite with families, professionals and students looking to rent a property.
A typical example is a double fronted family house in nothrough road Rolfe Place, on the market through Finders Keepers.
It includes two bathrooms a cloakroom, two reception rooms, a study, utility room, kitchen/breakfast room, garden and garage and is available, unfurnished, for £2,400 per month from March.
Also on the same agent’s books is a 1930s semi-detached in Kennett Road. Within walking distance of the London coach stop, it includes two double bedrooms, one single bedroom/study and two reception rooms with wooden floors.
Other features include a family bathroom, separate shower room, garden and off-road parking. It is available from May, furnished, for £1,300 per month.
A five-bedroom, two-bathroom detached house in Sandfield Road is on offer from scottfraser. There is a breakfast room, utility, garden and self-contained pavilion in the garden which can be used as a fifth bedroom or extra living space. It is available, furnished, for £2,200 pcm.
scottfraser also has a three bedroom, two-bathroom stone cottage with a garden and garage in Larkins Lane, Old Headington, unfurnished, for £1,695 pcm.
The agency is also marketing a four-bedroom house, Cotswold, in Jack Straw’s Lane. It includes three reception rooms, four bedrooms and is reached via a private lane and set in grounds of almost two thirds of an acre. It is available, unfurnished, at £2,200 per month.
For more information, or to arrange a viewing, contact scottfraser on 01865 761111 or visit scottfraser.co.uk
With thanks to Gill Oliver from The Oxford Times
Editorial insert date 10 February 2011