Should You Be Investing In Student Accommodation?

In the wake of the COVID pandemic, many are wondering if student accommodation is still a viable sector for investors. In this week’s show, Simon talks about the types of student accommodation on the market, how the sector has been affected, and the opportunities that are still out there.   KEY TAKEAWAYS   There are three types of student accommodation:  University-owned halls of residence/apartments Purpose-built student flats Private student houses/HMOs Purpose-built student accommodation cannot be repurposed. This represents a significant risk as there is no clear exit strategy if you decide to offload. If you have a child attending university, a better strategy might be to buy a house and rent it out as a HMO, meaning that their rent payments are essentially covered, as well as a significant portion of your mortgage costs. If there is a great deal of property choice in an area, it will lead students to be more discerning. Students love convenience, and so properties that are closer to amenities will always rent first.   BEST MOMENTS   ’The fact that there’s an oversupply means that there are real opportunities’ ‘Location is really, really important’ ‘You can turn this into a profit centre, rather than a cost centre for you’ ‘When I was a student, accommodation was very basic. That’s not the case now. Student accommodation has to be of a very high standard'   VALUABLE RESOURCES   To access more free Creative Finance Strategies visit www.creativefinancetraining.co.uk    Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi   To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone:  http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2   Register at Mindset For Property at - www.mindsetforproperty.co.uk    ABOUT THE HOST   Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.   Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.   CONTACT METHOD   Contact and follow Simon here:   Facebook: http://www.facebook.com/OfficialSimonZutshi  LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/