Anyone's parents bought them a house to live in at uni?

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MarleyZ
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Have your parents bought a house for you to live in whilst you're at uni? Or do you know anyone who's parents have?

I've heard it's a good investment for parents and obvs great for students but wondering how common it is? :cookie:
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driftawaay
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The house I'm living in now, the landlord bought it for his daughter to live in whilst she was at uni. I never understood why this is a good investment?
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MarleyZ
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(Original post by driftawaay)
The house I'm living in now, the landlord bought it for his daughter to live in whilst she was at uni. I never understood why this is a good investment?
I suppose it's a good property investment for the parents in uni town hotspots as well as peace of mind and I guess his daughter then doesn't have to worry about landlords, struggling to find accommodation and possibly cheaper rent if they're nice!
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JoshDawg
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Sounds like a good idea. But who has the money these days :P

Most likely you'll need to lower rent if you want students in afterwards, but they'll always be a demand I imagine. However, if you get some bad tenants they could wreck the place, especially students.
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jelly1000
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I know a friend of a friend did, but from what I'm told this was an uber wealthy family. No-one I personally knew.
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Apolexian
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Considering some of my friends' parents are struggling to pay for their unis i dont think they will buy them a house
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adamstrawson
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(Original post by driftawaay)
The house I'm living in now, the landlord bought it for his daughter to live in whilst she was at uni. I never understood why this is a good investment?
My neighbour has done this, bought the house and lets his son live there while at Uni, and rents out the other 3 rooms to student too.

It's an investment in the sense that if the owner is paying say £800 a month on the mortgage, and then charging £115ppw (Given the going rate for the area), he's then making nearly £7K a year profit on the property.
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