7 Jul

High yields from student houses to rent in Bristol?

High yields from student houses to rent in Bristol?

Landlords with property to rent in Bristol could find that targeting student tenants boosts their rental income.

Students generate an average rental yield of 6.45 per cent, higher than any other demographic, according to research by Paragon.

The mortgage specialist found that young singles can also boost earnings, offering a yield of 6.22 per cent.

Owning houses to rent in Bristol gives buy-to-let investors access to more than 13,000 potential student tenants attending the city's university.

The average yield across the UK rental market was found to be 6.2 per cent.

Nigel Terrington, chief executive of the Paragon Group, commented: "Student yields typically outperform the wider market because they are let on a per room basis, which can generate higher rental income."

However, student properties often require more maintenance, which landlords need to factor into their business models, he added.

Commuters living outside of Bristol city centre will soon benefit from £5 million funding to reduce congestion on the roads.

The West of England Partnership has secured the grant to ease traffic between Yate and Bristol alongside commuter routes.ADNFCR-1222-ID-800615274-ADNFCR

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