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|