Student Buy To lets
Evening everyone...
As the title suggests I am after any ideas any of you may have regarding the student buy to let market. I was back in Swansea a couple of weeks ago and there are 5 bedroom houses selling for around 200,000 where you can probably rent the house for 12-15,000 a year to students. They also have 350,000 houses with 8 bedrooms bringing in around 25 grand a year.
My current thoughts are that I might wait until next summer and hopefully as long as the government dont meddle with the housing market it may well drop another 20% and at that price it may prove a better investment.
I just wanted to get your ideas on if this area is something to be looking into as your more experienced than me normally.
I did look at Southampton where I studied and Bristol but the houses are still crazy expensive for what your getting.
Any thoughts greatly appreciated
Jon
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