Page 37 - ESPC Magazine - August 2021

AREA FOCUS LETTING ADVICE

STUDENT LETS:

WHAT DO YOU NEED TO LEARN?
Moffat, Dumfries & Galloway
Considering investing in a student let? Nicky Lloyd, Head of ESPC Lettings, shares an expert insight
DUMFRIES & GALLOWAY Meanwhile, Dumfries retains a strong into the burgeoning buy-to-let market for student properties.
Considering the peaceful towns and plentiful appeal for buyers of all ages, and those with
green space of Dumfries and Galloway? Many secondary-age children in particular can With over 2.4 million students at UK not to purchase an HMO property, there
families love the serenity of life in this corner take advantage of St Joseph’s College (34), universities, now could be a good time to get are plenty of students looking for a one- or
of the country – plus, you’ll have three top-50 which is renowned for its sports facilities, with involved in the booming student let market. two-bedroom property where this type of
schools to pick from. several notable sporting alumni. Student lets usually offer good yields and can licensing is not required.
be a solid financial investment in the long term.
REMEMBER THE ESSENTIALS
If you’re thinking about life in vibrant Moffat, If you’d prefer a quieter life, the quaint
you’ll have plenty to see and do. The town’s community of Thornhill is a charming place So, what do you need to know to make sure Fully furnished properties are preferable -
Moffat Academy (24) is also clustered with a to call home. Local children can attend your property passes the test? most students won’t have their own furniture.
nursery and primary school, so children can Wallace Hall Academy (47), a secondary You should include beds, desks and chairs,
attend for their education in its entirety. school with over 300 years of history. CHOOSE THE RIGHT LOCATION sofas, wardrobes, drawers, and appliances.
Opting for a buy-to-let close to a university Investing in extras such as mattress
will boost the chances of your property being protectors, sofa covers, and laminate flooring
EAST LOTHIAN will all help to preserve the property’s
North Berwick The coastal county is always in high demand a strong long-term investment, especially condition.
with some of the UK’s most renowned
with buyers who want the best of both worlds universities being in the East of Scotland.
– so if you dream of a picture-perfect home Choose somewhere within thirty minutes’ INVEST IN PROPERTY MANAGEMENT
by the water, with the buzz of Edinburgh walk of campus, with plenty of student-
close by, it could be the ideal place for you. If you’re concerned about managing multiple
friendly amenities nearby. tenants, ESPC Lettings can step in. We can
offer advice, and look after everything from
The jewel in East Lothian’s crown, it’s no PICK THE RIGHT MODEL finding tenants with guarantors, to managing
surprise that buyers are in hot pursuit of rent collection, repairs, maintenance, and
homes in the idyllic seaside town of North Some landlords opt for the HMO (House of inventories.
Multiple Occupancy) model, where students
Berwick. North Berwick High School (38) adds
to the appeal; this school places strong focus share a property. An HMO licence is required
on performing arts, sports, and community where three or more unrelated people ESPC Lettings is an Edinburgh letting agent.
liaison, with plenty of activities to keep young (normally students) are sharing a property. We can help with marketing your rental
minds busy and for the local community to HMO properties may require remodelling to property and finding the right tenants.
Contact the team on 0131 253 2847 or
add extra facilities and the local council will
be involved with.
need to grant an HMO licence. If you choose landlord@espc.com.
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