X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Student Accommodation

    Stoke On Trent

    Guys,

    Just wanted to know if anyone had looked into student property in the Stoke on trent area.

    Prices don't seem bad, Staffordshire university campus is/has been closed and all departments moving to Stoke on trent.

    Student numbers look reasonable 10k +

    Does anyone know of the council putting on restrictions on new HMO'S etc...as they are putting in place in major student towns?

    Would be good to hear your thoughts.

    Thanks

    Sam

    0
    0

    It's ranked at #101 for UK Uni's which isn't particularly inspiring. I had an email a few days ago about some new student pods being created in SoT which if priced sensibly may pull away some students. Don't know much else about the area but properties look very cheap!

    0
    0

    I've got a friend studying in Stoke that is renting a shared house from a landlord that owns several others in the area

    House cost c70k + on the cheap refurb, utilities + broadband/cable Tv included, rent c£320/330pcm + fees x 3 rooms. Not sure about void periods in the summer though,

    I'd look into the sale prices for other similar houses in Stoke further away from the uni, But at 70kish for a 3 bed I can't see much of a "uni premium" being attached to them. But worth a look.

    I've never invested in property but key uncertainties with SoT i'd be concerned about:

    1) Summer voids

    2) Drop out rates, If a student abandons in say November it might be hard to re-let (Maybe get a guarantor) see unistats for dropout info.

    3) Funds/REITS/University building more "student pod" accommodation

    4) Checkout any university discount being offered, especially near close of application when they include incentives incl possible accommodation incentives.

    5) Impact of any kind of regulation from the LA, I've heard the locals aren't fans of houses being bought and chopped up into student HMO's (When are they ever!)

    0
    0

    Guarantors are the only way to offer a property to students. It helps keep them focussed!

    0
    0