Revealed: Where to buy student property

23 September 2017

Paisley, home to the University of the West of Scotland, is the cheapest place to purchase a student property in the UK.

Research published by Halifax shows the average property in the Scottish town costs £122,681, making it the cheapest student town in country.

The price here is around a quarter of the most expensive area of Guilford where the University of Surrey is based. Here the average house costs £511,673.

In the last three years, prices in Guildford have increased by £105,362, which makes it the university town with the fastest growing house prices in cash terms.

On a percentage basis, prices in Bedfordshire, home of the University of Bedfordshire, have increased by 42% in the same time period – growing from £200,086 to £284,707.

After Guildford, the next most expensive university town when it comes to property is Winchester, where prices average £458,228. This is followed by Uxbridge, home of Brunel University (£441,273), Oxford (£424,258), and Cambridge (£397,170).

At the other end of the scale, the cheapest student properties can be found in Bradford (£127,643), Hull (£134,938), Sunderland (£138,548), and Middlesbrough (£142,412).

Across the 65 university towns surveyed, the average house price has grown 22.5% in the last three years, increasing from £172,179 to £210,845.

Russell Galley, managing director of Halifax community bank, says: “While it is well documented that the student housing market can be lucrative for private landlords receiving monthly rental incomes, this research also indicates the potential earnings from bricks and mortar alone.

“Over the last three years, parents who bought a property for their child to live in while undertaking their studies, could have seen an average gain of 22% on the value of the property. They may also have benefitted from rental income from housemates or flat-sharers.” 

Add new comment