Durham is best uni to buy property
In Durham typical house prices are £214,735 with an UCAS entry point of 524, while at the other end of the spectrum Imperial College London came bottom out of all universities with prices averaging at £2.4m despite a high entry point of 568.
eMoov’s report, which is aimed at prospective parents thinking of investing in property for their children when they go to university, concluded that the top 10 to invest in are Durham, Strathclyd, Manchester, Edinburgh, Warwick, Nottingham, Lancaster, Leeds, St Andrews and Aberdeen in that order.
Russell Quirk, founder and chief executive of eMoov.co.uk, said: “Sending your kids off to university can be a joyful occasion for many parents and is often the first time they fly the nest to fend for themselves. What with the recent increase in university fees and the cost of living, it can also be an extremely expensive time for parent and student alike, as the debt begins to pile up.
“This study shows which universities offer the best level of degree, but also an affordable property price, should you want to invest in a house for your child, or even as a uni-let for yourself.
“Students are certainly an easy target where the high street letting agent is concerned and it is common practice for agents to strip them of their hefty deposits, for even the most minor of reasons. Not only does buying a university property avoid this but it also provides a future home should they stay in the chosen city for work, or a great money making opportunity renting to future students.”