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STUDENT LETTINGS AGENT

Gibbs Gillespie are experts in the student lettings market and we offer
a wide range of services for landlords of student properties. Whatever level of service you are
looking for our specialist and dedicated approach to this important ever-expanding market will deliver.

Letting to students can be an excellent option for landlords.
Here are some specific considerations to be taken into account.

WHY SHOULD I LET TO STUDENTS?

There are three reasons why letting to students can often be more profitable than traditional lets:

  • Demand and competition in student areas is strong and consistent
  • Students will usually look to rent for a minimum of 12 months, meaning less stress for you finding new tenants
  • Student lets tend to offer particularly high yields

ARE THERE ANY DRAW BACKS?

Properties tend to suffer more wear and tear when let to students, and as a result you are likely to spend more on maintenance at the end of a tenancy than you would with a traditional let. In addition, most students will expect properties to be fully furnished.

WHEN IS THE BEST TIME TO MARKET MY PROPERTY TO STUDENTS?

Each area will be different, but in general students will start looking any time from January for lets starting in the next academic year (August/September).

WHICH PROPERTIES ARE SUITABLE
FOR STUDENTS?

A property with a minimum of 3 bedrooms and large communal spaces (lounge and kitchen) will appeal particularly to students. More than one toilet or bathroom will be a great additional selling point, as will a garden. And obviously, choose a location within 30 minutes walking distance from the university campus.

HOW DO I PROTECT MY INCOME?

Student lets should be marketed in the same ways as traditional lets. You should expect your agent to list the property online on the likes of Rightmove, Zoopla and Primelocation, and also be proactively contacting local tenants. In addition, universities will release lists of approved rentals, and you should ensure your property is on that list. A good local letting agent like Gibbs Gillespie will already have a relationship with local universities.

WHAT FURNISHING SHOULD I PROVIDE?

Student tenants will expect the property to be fully furnished. Here’s a tick list for landlords who want to let to students:

  • Washing machine
  • Fridge freezer
  • Cooker
  • Carpets/curtains/lampshades
  • Beds
  • Wardrobes
  • Desk and chair for each room
  • Sofa
  • Vacuum cleaner
  • Lawn mower
  • Bins

IS THERE ANY SPECIAL LEGISLATION
TO CONSIDER?

You are likely to be letting to sharing occupants (ie. not a family group) so you will need to comply with rules around Houses in Multiple Occupations (HMOs). Ask your local Gibbs Gillespie representative for more information about HMO's.

GIBBS GILLESPIE CAN HELP WITH STUDENT LETS.

Whether you just want us to help you find the student tenants, or you’d like us to manage the whole let, we’re ready to help you. Because we have expertise in both residential sales and lettings, we can even advise you on the best properties to purchase if you’re taking the first steps into student lets. With mortgage and insurance services too, we offer the complete package to a student landlord.

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