Page 24 - May 2023
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INTERIORS INSIDER EXPERT ADVICE
Set of four Black Checkered Coasters: £38, A guide to renting to students
Rockett St George, rockettstgeorge.co.uk
Nicky Lloyd, Head of ESPC Lettings, discusses some key factors to
consider when buying a rental property intended to be leased to students.
tudent lets usually offer good rental yields Timing
and can be a solid financial investment in You will want to have your student property
Sthe long term for buy-to-let investors. ready to go to coincide with the start of the
academic year, so summer is the ideal time to
Location is key get your property set up and advertised.
Students want to be close to their university,
Check mate and in Edinburgh there is a lot of choice with Pick the right model
the University of Edinburgh, Edinburgh Napier
Some landlords opt for the HMO (House of
University, Heriot-Watt University, Queen
Multiple Occupancy) model for their student
Margaret University as well as various colleges.
lets, where students share a property. An
Your student buy-to-let property should
ideally be somewhere within 30 minutes’ walk HMO licence is required where three or more
unrelated people (normally students) are
Introduce playful party vibes to your home with these retro- of campus, with plenty of student-friendly sharing a property. HMO properties may require
amenities nearby. remodelling to add extra facilities and the local
inspired coasters. The set of four provide the perfect pit stop
council will need to grant an HMO licence.
for cocktails, glasses of wine or even your morning cup of tea.
Furnish appropriately
Students, like many other tenants, are looking If you choose not to purchase an HMO property
for a well-furnished home with a desk. Investing for your student buy-to-let, there are plenty
in extras such as mattress protectors, sofa of students looking for one or two-bedroom
covers, and laminate flooring will all help to properties where this type of licencing is not
preserve the condition of your student let. required.
Invest in a full management service
With a full management service, your agent will
photograph and market your property, handle
enquiries and conduct viewings, reference check
prospective tenants, draw up a detailed inventory
and provide a Private Residential Tenancy
Agreement so you can have peace of mind that
your property is being dealt with expertly.
ESPC podcast
To find out more about student lets, listen to
episode 15 of The ESPC Property Show which
goes into depth about student buy-to-lets. It
can be found on Spotify, Apple Podcasts and
Google Podcasts.
ESPC Lettings is an Edinburgh letting agent. We can help with marketing your rental property and finding the right tenants.
Contact the team on 0131 253 2847 or landlord@espc.com.
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