It’s not the money fountain you might expect, if you have to pay a mortgage that’s frequently more than the rental income. Be careful of building maintenance management fees if you buy a flat in a block. It can be good if you pick the right area, get good tenants, manage it yourself.
I know some people who bankrupted themselves buying off-plan in Manchester, living miles away and couldn’t get rents that covered their outgoings.
Conversely, it’s possible to get about 3% return, excluding property price changes, if done right. regard it as a part-time job, not just an investment.
>> Bruneep, I looked at the same a few years ago, but concluded that the rental income from students over 2 years (1 year in hall, 3 year course) would not cover the loan costs and agency fees for buying & selling.