Stu­dents give top yields to land­lords

Yorkshire Post - Property - - PROPERTY -

STU­DENTS and young sin­gle peo­ple gen­er­ate the high­est yields for land­lords, ac­cord­ing to buyto-let mort­gage spe­cial­ist lender Paragon.

Paragon say stu­dents gen­er­ate an av­er­age yield of 6.45 per cent, while young sin­gles gen­er­ate 6.22 per cent. In York­shire, stu­dent prop­erty yields were amonfg the high­est in the UK at 6.5 per cent.

At the other end of the scale, non-hous­ing al­lowance ben­e­fit claimants gen­er­ate the low­est yields at 5.78 per cent.

Nigel Ter­ring­ton, Paragon Group chief ex­ec­u­tive, says: “Stu­dent yields typ­i­cally out­per­form the wider mar­ket be­cause they are let on a per room ba­sis, which can gen­er­ate higher rental in­come.”

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