It seems that 2011-12 academic year has just started, but now is the time to market your property for the 2012-13 academic year so as an experienced Cardiff lettings agent
we wanted to share some of our experience and put together a helpful guide for landlords
and property investors looking to the buoyant Cardiff student rental market and maximising your cash flow with House of Multiple Occupation (HMO
1. Location, location, location
As with any property investment location is key. Cardiff boasts several academic institutions so finding a an existing House of Multiple Occupation (HMO
) or a property for convertion close to one of the following shouldn’t be too hard:
· Cardiff University (Invest in Roath & Cathays)
· Cardiff Metropolitan University (UWIC) Llandaff campusa (invest in Llandaff, Canton&Gabalfa)
· Cardiff Metropolitan Univesity (UWIC) Cyncoed campus (Llanedryn & Pentwyn)
· Royal Welsh College of Music and Drama (Roath & Cathays)
· University Hospital Wales (Heath, Gabalfa & Roath)
2. Bathing & Sanitary
Make your HMO
property more appealing to prospective student tenants by offering separate WC and if you can more than one shower/bathroom.
3. Students are Social
Student property can be an excellent investment and can generate fantastic yields, but try to include a communal area. Some of our best performing student properties offer an open plan kitchen/living room where the student tenants can all relax together and watch a dvd on their flat screen tv.
Slow broadband equals unhappy tenants. Today’s students are forever tweeting or liking something or downloading music from iTunes, so broadband bandwidth and speed is VERY important to today’s student tenants.
If you are providing broadband as part of the rental package make sure you have enough bandwidth for the number of tenants renting otherwise prepare for the constant moans and groans about broadband.
WebLetz is a letting agent in Cardiff and provider of information and landlord solutions across Cardiff and South Wales including:
You can contact us via Email
or telephone 0845 496 0000