The data in LendInvest’s Buy-to-Let Index found that Sunderland, home to the University of Sunderland, averaged the highest rental yields.
The research also found that Sunderland was the cheapest area to invest in in the top 20 towns, with the average property valued at £90,000.
Manchester, which came second, also boasted the highest number of students at 88,865 and had an average property price of £135,000.
Christian Faes, co-founder and CEO of LendInvest, said: “Student towns are an excellent option for investors; there’s a steady stream of demand with each new academic year delivering prospective tenants.
“With A-level results out [yesterday] and the year’s clearing for university places swinging into action, where’s best for student lets will be on the minds of many landlords.
“However, landlords need to look beyond simply how big the local student population is.
“For instance, there are many thousands of students attending universities in London, yet when it comes to rental yields, there are far more profitable areas to invest in than the capital.”
For the full top 20 towns for student let properties, view LendInvest’s graphic below.
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