Following on from A-level results day last week, many students across the country will be looking to move to a new university city for the first time.
Online estate agent eMoov.co.uk has since released its annual University Property Index, which highlights the best cities in the country to invest in, based on UCAS entry level and property prices.
The agent has ranked the top 100 UK universities by dividing the average house price in the area surrounding the main campus by the average UCAS point entry requirement, to determine the average property price per UCAS point required to study at each university.
Which University City Should You Invest In?
The research has found which university city in the UK offers the best balance of affordable property for those considering an investment and a top quality higher education.
The average house price in the top 100 university cities stands at £319,963, with the University of Leeds coming out on top. With an average entry requirement of 436.5 UCAS points and an average property price of just £95,310, Leeds has a house price per UCAS point of just £218.
Contrastingly, the Imperial College London is in 100th place, due to the sky-high house prices surrounding its Kensington campus. Although the prestigious institution requires 566.9 UCAS points on average – the third highest in the top 100 – the average property price is a whopping £2.5m, resulting in an average price per UCAS point of £4,431.
The University of Sunderland ranked in second place in the table, with an average UCAS requirement of just 290.5 – the eighth lowest in the top 100 – and an average house price of £65,201. This equates to an average price per UCAS point of just £224.
Making up the top ten are the University of Bradford (£269), University of Leicester (£301), University of Hull (£305), University of Manchester (£308), University of Dundee (£313), University of Strathclyde (£315), Aston University (£320) and Newcastle University (£349).
The complete top 100 can be found here: https://www.emoov.co.uk/university-property-index-2016/
The founder and CEO of eMoov, Russell Quirk, says: “University is often the first life step for those leaving home to study, and the cost implicated in doing so are high, with many not paying off their student debt until years after graduating.
“Investing in a property for your child can be one way of reducing the cost and can act as an additional source of income for years to come. When looking for somewhere to stay at university, as with a job, properties close to the campus are always going to be a more attractive proposition, and so buying in and around the university can help ensure interest in a property from the get go.”
He adds: “This research highlights where across the nation offers the most attractive proposition for a uni-let, in terms of close proximity to the university, an affordable property price, as well as a good level of education where the university itself is concerned.”
Landlords, are you looking for a student property investment in one of these university cities? These tips will help you prepare your property for new students: https://www.justlandlords.co.uk/news/prepare-property-for-student-tenants/