Student studios will typically come with either electric or gas heating within the property, and these bills are paid by the investor via the service charges. Typically, the service charges on PBSA properties are considered high in relation to other forms of property investment, however the net rental yield is still robust given the lower purchasing price and higher weekly rental fees.
With all student property purchases, we will provide details of the service charges for the unit for your consideration, and we make every reasonable effort to ensure that these figures are kept up to date. It is also worth noting that during the conveyance process, the management company will provide your solicitor with a ‘management pack’ (LPE1 – England only) which provides a breakdown of the costs and incomes for your specific unit.