Are you considering becoming a student landlord in Peterborough? Maybe you have some existing properties, and want to grow your rental portfolio? Perhaps you’d like to see how being a student landlord in Peterborough could work for you. With the new university in Peterborough, student accommodation is needed more and more. But how could becoming a student landlord work for you and your rental properties in Peterborough?
One thing to consider is how much rent you should expect to receive. This depends on a number of variations. For example, are all the rooms the same size? This way, no student will be better or worse off than the rest of the group. The distance that the student accommodation in Peterborough is from the university will make a difference on the rent you can expect too. Does the property have parking? This will make a difference to the popularity of the rental accommodation as well as the price.
Modern facilities will make the student accommodation more attractive. This is the same for other HMO properties in Peterborough too. Properties with well-functioning kitchens, washing machines and clothes dryers will be very attractive to tenants. This is because they will be able to cope with the size of the property and the number of tenants needing these facilities.
As with all HMO rental properties in Peterborough, you will need to consider the tenant to bathroom ratio. A home that has an ensuite will be much more likely to be rented than a standard family bathroom for the whole house.
In addition, you need to consider the structure of the room too. Think about furnished accommodation for students. This means a bed, desk and storage area for clothes. The furniture does not need to be high-end, but the better quality the furniture is, the longer it will last.
When it comes to a back garden, this will be a plus for many tenants. However, it needs to be low maintenance, or you will need to arrange for a gardener for regular maintenance. Having a safe storage space for bicycles will be attractive to many tenants too.
These are all things that could positively impact the amount of rent you can charge tenants for your accommodation. Here at AGT Property Management and Lettings we can help you understand rental charges and what to charge. We can also help you find the right tenants and manage the rental property for you.
Call us now to find out more about being a student accommodation landlord in Peterborough.
