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Saturday, May 28, 2022

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Q: When my son went to university I purchased a small apartment for him.

Published Apr 6, 2021


He has completed his studies now and, since we have no need for the property or a rental income, we want to sell. It would suit a student or even contract workers. How best can I market this property in order to get the best price despite the current market?

A:Ease of access to transport routes, good internet access and security are likely to be key.

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There is a seasonality to the demand for student accommodation so, when the property is marketed, this should be carefully considered.

Factor in the time it takes to transfer ownership and for refurbishments to be done before it goes to market. There is less seasonality with regard to the commuter market as contracts terminate and begin throughout the year.

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– Paul Stevens, chief executive of Just Property

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