New report finds the vicinity of a good school drives higher premiums for buy-to-let investors
11 January 2010
A new report just released by Nationwide has found that the vicinity of a good school is a one of the major drivers behind premium-priced rental property.
Location, location, location may be an overused phrase but it’s certainly a good rule of thumb when it comes to seeking out a property that will bring healthy returns on investment, confirms Birmingham letting agency , Accord Lets.
Mr Mimmack from Accord Lets said, “People move home for a number of reasons but the distance to a school and other local amenities is consistently one of the most popular. This latest study shows that a property located near a good school can really command a high rental premium so is likely to be an excellent buy to let investment.”
The Nationwide report found property prices in the UK were between 2.6 percent and 4.6 percent higher if they are close to a good school. These statistics mean parents are paying up to £8,000 more to secure a home in the right catchment area in some regions of the country.
Mr Mimmack added, “Given the correlation between rental price and schools it is sometimes worth landlords paying extra for property that is located near a reputable primary or secondary school. As demand for good schools is consistent, homes in these catchment areas will continue to be much sought after on the rental market. ”
Considering nearby schools and studying exam results is key to identifying a buy-to-let property most likely to deliver a positive return on investment. With more than twenty years experience of property to rent in Leamington , Birmingham apartments and Warwick property to let , Accord Lets have firsthand knowledge of local development trends and school OFSTED scores.
If you’re looking to buy property to rent in Birmingham , contact the landlord services team at Accord Lets to discuss the best buy-to-let options. Visit www.accordproperty.co.uk or Tel: 0121 643 9505.
About Accord : Accord was formed in 1990 with the aim of providing a professional, approachable, honest and caring service. They are a premium-letting agent with property to let in Leamington , Birmingham and Warwick. They believe that they have been able to hold on to these principles and that is the reason why so many of their clients have continued to use them. Their clients include a mix of prospective tenants and property owners, and they are proud that their clients still recommended them to others.
Currently the company has two offices: one in Birmingham city centre and the other in Leamington Spa. As a company they are committed to building long-term relationships as they have found that property letting is not just about property and systems but, most importantly, about people. You will find the company harnesses the latest technology to present properties well and as widely as possible, communicates efficiently and effectively and believes strongly in personal customer service. For more information please visit the Accord Lets website at http://www.accordproperty.co.uk