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Which university location provides the best returns for landlords?

Which university location provides the best returns for landlords?

As teenagers across the country receive their A Level results today, LendInvest has named Sunderland as the UK's top location for landlords letting to students.

The online mortgage lender looked at average rental yields for postcodes home to at least one university named in the Complete University Guide (CLG).

Landlords letting in Sunderland will benefit from an average rental yield of 6.5%, according to the findings. 

The North East city is also the cheapest place to invest in the top 20 student towns, with the average cost of a home standing at below £100,000.

Coming in second place is Manchester, which has three universities in the CLG, offering landlords an average yield of 6.2%.

Investors who purchase property in the city - which has a thriving student population of almost 90,000 - can pick up a home for around £135,000.

The top five is made up by Liverpool, Sheffield and Coventry, which all have average rental yields of over 5.2%.

In the battle of Oxbridge, Oxford comes out on top when it comes to investment opportunities. Landlords can bag an average rental yield of 3.9% in the city, compared to 3.6% in Cambridge, which comes in as the UK's top university.

"Student towns are an excellent option for investors; there's a steady stream of demand with each new academic year delivering prospective tenants," says Christian Faes, Co-Founder and CEO of LendInvest. 

"Landlords need to look beyond simply how big the local student population is. For instance, there are many thousands of students attending universities in London, yet when it comes to rental yields there are far more profitable areas to invest in than the capital."

Source: LendInvest 

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