13th September 2019
Your guide to investing in student property in Chester
Chester is home to around 15,000 students, spread across several University of Chester campuses, plus local HE colleges.
While there have been a few purpose-built student accommodation developments in recent years, there remains a demand for student housing, as many second and third year students seek to live more independently.
If you’re considering investing in student property in Chester, we’ve gathered some advice and insights.
Long-term student property investment
A student home is a long-term investment which can provide great profits. You’ll be expected to provide a good quality of furniture and carpets, and decorate regularly to maintain the appearance of the house. In return you can expect good rental income.
It’s worth considering location carefully. Chester’s Garden Quarter is a popular area for student homes as it offers a short walk to the University’s main Parkgate Campus.
With four campuses in the city itself — Parkgate, Kingsway, Riverside and Queen’s Park — plus others further afield, finding a property that’s walkable to and from campus will work in your favour. More about Chester University campuses here.
Public transport options
It’s also worth spending a few minutes to familiarise yourself with Chester’s bus routes. Letting a student home with easy bus links to campuses, shops and amenities will definitely help attract tenants.
Most Chester students live in house shares. We have found that three or four bedroom houses rent well.
While most students will be searching for their student home as a group, our House Share Search and dedicated House Share Team can help individuals find their place in a student house share — providing a place to live for them and a full rental yield for you.
There is legislation to be aware of when letting an HMO (House of Multiple Occupancy) to students. Our HMO team will help make sure you’re in compliance with regulations on HMO licensing, gas and electrical safety and other relevant regulations.
Opt for full management
Matthews of Chester offers various services to our student let clients, from ‘let only’ options to a fully managed service, which allows you to take a step back as our professional team handles practically all areas of property letting and maintenance.
Want to know more about locations, transport links or our house management services? We’ve been helping people invest in Chester property for more than 30 years. Chat to our team today to find out more.