Legal Guide to Buying Student Properties in Glasgow, Scotland
Glasgow is a student city, with three major universities, numerous colleges and a host of nightclubs, pubs and eateries. The city has everything a student could want. With properties a plenty, and plenty of student halls there is no shortage of student accommodation, however renting and maintaining any property, especially if is to be shared by other students, is a very tall order.
Therefore, more and more people are opting to invest in properties as their loved ones begin their university career, and it can certainly have it’s advantages. As well as saving a fortune on rent (which is often supplied by the infamous Bank of Mum and Dad) buying such a property can result in a long-term investment that can be maintained post-university life by the occupant, or sold for a potential profit. With Glasgow being a student city there is always potential to rent the property following the end of a university career, with many student areas being exceptionally popular to live in, and people willing to pay extra for student-friendly flats.
Student property in Collegelands, Glasgow
Ideal for students attending either the University of Strathclyde and Caledonian University with both areas being close to the city centre. Collegelands is a collection of modern day flats and apartments a stone's throw from the University of Strathclyde’s campus. The flats, which are less than ten years old have a serious of two/three bedroom option flats as well as some private student accommodation. Collegelands is ideal for those attending university and is situated in one of the most popular areas of the city, just off from the Merchant City. While it is useful for university students, the area is close to the Glasgow City College and the Nautical College. The G4 postcode area has an average rental value of over £900 per calendar month, with the value of properties rising over £6,000 in the last twelve months.
Moving to a student flat in Dennistoun
Dennistoun has the ideal blend of young professionals and students and could prove to be ideal for those studying near the city centre. Located in the east end of the city, Dennistoun benefited from the Commonwealth Games and has seen a lot of investment in transport and the road network. The area provides the perfect blend of old and modern flats with many of the older flats having significant improvements inside. The real change in Dennistoun can be seen by the rise in the value of property in the area with properties rising over £4,800 in the last year alone.
Purchasing Student Accommodation in Glasgow's Charing Cross
Located in the heart of Glasgow, just off the ever-busy Sauchiehall Street. Charing Cross provides the perfect blend of city life and tranquility. Situated just off Sauchiehall Street it provides perfect accommodation for students going to any of Glasgow’s universities. With detached flats it serves not only as perfect for students but also for young adults with the city’s business district near by. Furthermore with the Mitchell Library nearby and good transportation links, the area represents one of the finest for student accommodation in Glasgow. In the last year properties in the area have risen by over £7,000 and an £11,000 rise in the last five. With high end rent the area offers an ideal investment opportunity for post-university life.
Buying a student flat in Hillhead, Glasgow
For those looking for an investment post student career, the West End of Glasgow offers the ideal location to settle. While it is ideal for students studying at the University of Glasgow, it is also a break from the city centre with a seven minute journey on the Glasgow Subway system taking travellers to the top of Buchanan Street. The West End offers a series of high-end, spacious flats in one of the city’s most desirable areas. While the initial asking price of the property may be significantly more than the other areas mentioned, the West End is ideal for Glasgow students with the area offering pubs in Ashton Lane and a host of local shops and bistros. With the average price of properties around Hillhead being under £110,000, it serves as the ideal investment in an up-and-coming market.
Contact Our Glasgow Lawyers for Student Property Purchases & Sales
At the Glasgow Law Practice, we understand how important it is to get the ideal property to meet your needs. Contact us today using our online contact form for advice regarding purchasing a property or student accommodation. Click here to read our property lawyers' guide to the main steps involved in purchasing property in Scotland.