9:00 AM, 10th April 2013, About 10 years ago
Buy to let investors looking at Peterborough might wish to consider the emerging student market which has two centres.
UCP (University Centre Peterborough) is the academic centre with less than 1000 students studying. This is a relatively new venture and the proportion of students living at home is currently high.
The second is ARU (Anglia Ruskin University). ARU is involved with student nurses and it is understood to be opening a business unit in 2013. The location of this campus is just to the south of the river in Woodston; a busy and bustling part of the city. Anyone entering this market should consider what they will do with the property if there are insufficient students. The location of the UCP campus is north of the city centre. Will the location change when the south river bank development gets under way?
Gross yields on investments into buy to let in Peterborough range from 5% to 7% for standard lettings and over 10% for multilets.
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