Parents, are you thinking of entering the buy to let market?
Over the last two years we have seen an increase in parents buying their son or daughter a student property to live in with their friends.
Property prices are low and rentals for student properties can offer high returns. There is an opportunity to make a profit even if the property is to be sold on.
If you are new to the buy to let market there are several important elements and costs that need to be considered and we strongly recommend that you have property professionally managed to ensure all legal and health and safety aspects are being looked after. With a third party company involved it also alleviates any pressure on your son or daughter (particularly when it comes to rent payment and collection).
If you are considering purchasing please get in touch and ask for Greg, you can also reach him via email greg@purplefrogproperty.com. He can advise you on what needs to be considered initially, an ideal time frame for purchase as well as review any properties you may have identified.
