House prices up 27% in three years in top uni towns
House prices in 60% of the UK’s top 50 university cities have gone up by enough to cover the £27,000 tuition fees on a three-year degree course, new research has revealed.
Online estate agent HouseSimple researched local property markets to calculate house price growth since 2013 and found that students who started a degree that year could have easily covered their fees.
- See our Guide to investing in student accommodation for the pros and cons and potential hotspots.
In Manchester, for instance, parents investing in their offspring’s accommodation could have made a capital gain of £30,108, as the average property currently costs £147,700 and house prices have risen on average by £10,036 a year over the past three years.
In Birmingham, there is a similar picture: an average property currently costs £153,926 and prices have gone up by £42,697 since 2013.
Meanwhile, in Belfast, property prices have increased by £20,766 taking prices to £110,042 now.
Other top-performing cities were Nottingham, Leicester, Sheffield and Coventry.
See the table below for the full findings:
|University & Area||House price growth since 2013||Current average house price|
Everything you own: all your assets (property, cars, investments, savings, insurance payouts, artwork, furniture etc) minus any liabilities (debts, current bills, payments still owed on assets like cars and houses, credit card balances and other outstanding loans). When you’re alive this is called your wealth; when you’re dead, it becomes your estate.