New to Student Letting? No worries we are here to help.
We have been involved in the student market in Lancaster for 20 years and, although there’s always something new to learn in life, we have seen most of what student letting can throw at you.
We understand that there are horror stories, and that people will have memories of living in poor quality, freezing student houses years ago, I know we have, but as a landlord don’t let the past make you overlook the high returns that can made by renting to students.
Student property has changed over time and students now expect a high standard of accommodation but they are willing to pay for it too. We find that nice houses with plenty of space, good facilities and a decent standard of décor will rent quickly to student groups, who book their accommodation early and come with either a guarantor or several months of rent up front, which will help you to feel confident that your returns are both secure and predictable.
At Escape Campus we can guide you through what you need to do in order to comply with legislation easily and efficiently and then manage the process of finding and qualifying tenants and the process of moving them in, collecting rent and dealing with issues throughout the tenancy, as well as managing their utilities and the turn-around process between groups of tenants.
We pride ourselves on creating good relationships with our student tenants, and that we take care to manage properties properly, protecting your investment and making sure that houses are kept in good condition.
If you’re unsure of what we mean by ‘good returns’ then below is an example of what kind of annual rents can be achieved in the Lancaster market.
3 bed – Private tenants £6000 – £7800 Student £13,000 – £18,000
5 bed – Private tenants £8400 – £9600 Student £22,000 – £30,000
Take a look through our ‘frequently asked questions’ and contact us to discuss if student letting is for you.