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York has a lot of students and a long history of academic excellence, so buying student housing there is a good idea. With two big schools and a busy city life, people are always looking for great places to live. And there are a variety of properties for investors to choose for investment.
Investing in student accommodation in York offers a lucrative opportunity for discerning investors, particularly in the thriving North Yorkshire rental market. Properties in the York postcode area as YO1 etc. are appealing due to their proximity to universities, vibrant bars, restaurants, and shops, ensuring consistent demand from students.
Accessibility and amenities make city centre and campus investments appealing. High-speed internet, shared toilets, and common areas build rental appeal and satisfy student expectations.
Universities in York
University of York
Established in 1963, the University of York is a top-tier institution, drawing students globally. As of the 2023/24 academic year, the university boasts a total student population of approximately 15,400 undergraduates and 5,080 postgraduates.
The university’s main campus, located just a few minutes from the city centre, is surrounded by prime investment areas such as Heslington and Hull Road. These areas in York are especially popular with students, ensuring consistent rental demand. Properties in these areas, including shared houses and private halls, often yield excellent returns, especially during the academic year.
York St John University
York St John University, established in 1841, has grown into a vibrant academic community. And in 2022, it had about 8,300 students a year, with about 5,200 undergraduates and 2,800 graduate students.
There are a lot of different programs at the university, spread out over five schools. These schools include the School of the Arts, York Business School, and others. Over 70% of students come from areas that are under-represented in higher education, which shows that the school is serious about being welcoming.
Diverse surroundings are more effective places to learn because they make the classroom more complete and friendly for all students. York College is one of the biggest colleges in the area. It is in York and offers a wide range of academic, vocational, and college classes.
Askham Bryan College, which is just outside of the city, focusses on education that takes place on land and draws students who are interested in farming, animal care, and equine studies. These educational learning institutions in York make the city an even better place for students to live, which will attract more investors who want to invest in student housing.
Types of Student Accommodations in York
York offers a wide spectrum of student accommodation choices to suit varying budgets and tastes.
University-Provided Accommodation
Halls of Residence for Undergraduates
Both York St John University and the University of York include halls of residence mostly for first-year undergraduate students. Usually situated on or close to the university campuses, these halls provide simple access to academic amenities and help to build a strong feeling of community.
Although room type and facilities will affect the average monthly cost for a room in these halls—which is about £684 per month.
Postgraduate Accommodation Options
Postgraduate students have access to dedicated accommodation options that offer a quieter environment conducive to study. These residences are often situated close to research facilities and libraries, providing convenience for postgraduate studies.
Key Amenities and Services Provided
University-managed accommodations usually have basic amenities like common areas, laundry rooms, and internet access. To make things better for students, some residences may also offer food plans, cleaning services, and planned social events.
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Private Accommodation in York
Modern developments cater to everything students need, including broadband, WiFi, and TV. Along with this offering room options of various sizes to meet diverse requirements. With amenities like a storage room and insured utilities such as gas and contents insurance these accommodations stand out in the market.
Student Flats and Apartments in York
Investors love York’s student flats and apartments, which are a great place for students to live too. Often located in ideal locations such as city centers or university campuses, these modern, self-contained homes attract students looking for convenience and independence. Their high-speed internet, safe access, and proximity to facilities help them to regularly draw renters, hence assuring low vacancy rates.
These homes are quite appealing to investors because of their rather cheap maintenance expenses and excellent rental yields. Depending on location and amenities, the rents of student flats in York usually range from £602 to £1,842 per month. Particularly from overseas and postgraduate students, the steady demand makes these investments dependable and profitable.
Shared Student Houses in York
Shared houses, commonly known as Houses in Multiple Occupation (HMOs), are a cost-effective option where students rent individual rooms while sharing common areas like the kitchen and living room. The average monthly rent for a room in York’s shared house is around £516 per month.
Individual Student Studios in York
For people who want more privacy, individual studio flats with approximately £879 per month have fully equipped kitchens and bathrooms that are separate from the living areas. These are great options for students who prefer to study alone or who have special needs.
Short-Term and Temporary Options for Students
People wanting temporary housing can look into short-term rentals or purpose-built student housing with different lengths of ownership. For investors looking for short term let for investment, it’s advisable you get in touch with reputable real estate companies or university housing providers.
Why are Private Student Accommodations Better than University Accommodations?
Private student accommodation often offers better facilities and flexibility than university halls because they offer:
- Modern amenities: Including en suite baths, fast internet, and completely furnished kitchens.
- Location: Usually in trendy neighbourhoods or close to the city core.
- Flexibility: Private rentals usually offer customised tenancy terms and a range of accommodation choices.
- Privacy: Particularly appealing to postgraduates or international students, individual studios or apartments provide a more personal living environment.
Featured Investment Student Properties in & around York
For investors, the right selection of properties tailored to student needs guarantees optimal results. Whether you’re considering properties with multiple beds or new building projects, the signs are clear: York’s student housing market is primed for success.
City Gate
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Property Price
Rent per month
Rental Yield
City Gate is a new development in the middle of York’s city heart that was made to meet the needs of students and short-term renters who want high-quality housing. Its central location near popular sites like York Minster keeps tenants interested, and its elegant design makes it even more appealing.
20%
250 years
3%
- Located in the York city centre, close to York Minster and the City Walls.
- 62 premium apartments with balconies, tall windows, and terraces.
- Amenities include a 5-star lobby, concierge service, gym, private gardens, and secure parking.
- High demand from students and tourists ensures reliable occupancy rates and strong returns.
Located just 25 miles from York, The One Residences offers luxurious apartments that attract both students and professionals. It gives outstanding connectivity to York and is near Leeds Train Station. Renters who travel between the two cities will find this to be a handy choice.
20%
Q3 2026
£5,000
- A visually striking 12-floor development housing 125 meticulously designed apartments. This ranges from stylish one-bedroom units to spacious three-bedroom homes.
- Includes 49 Executive Residences, 50 one-bedroom apartments, 11 two-bedroom units, and 15 three-bedroom homes, each crafted to suit diverse lifestyles and preferences.
- The architecture combines urban sophistication with thoughtful, comfortable layouts that promote modern living.
- Interiors feature premium finishes and functional designs, appealing to professionals and families.
- Proximity to transportation hubs, local amenities, and employment centres ensures continued rental demand.
Rawsons Mill
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Property Price
Rent per month
Rental Yield
Rawsons Mill, located 40 miles from York, blends historical charm with modern functionality. Its unique apartments cater to students and professionals who value characterful living spaces close to major urban centres.
5%
Q1 2025
£5,000
- Perfect for students who want unique lodging, sixteen rebuilt mill flat with high ceilings and original characteristics.
- Located close to Halifax town centre and main retail centres, guarantees tenant interest.
- Attractive to both professionals and students, strong demand for short-term rental choices with lots of character.
The Springs
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Property Price
Rent per month
Rental Yield
The Springs, around 44 miles from York City Centre, offers high-end apartments designed to meet the needs of modern renters, particularly students and young professionals. Its proximity to Halifax’s employment hubs and transport links ensures it remains a top choice for tenants.
25%
Q2 2025
£5,000
- 36 luxury apartments with ergonomic designs and premium interiors, ideal for students and commuters.
- Positioned in a thriving economic area with high employment and education opportunities.
- High occupancy rates due to its location near Halifax’s businesses, schools, and transport links.
Suffolk House
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Property Price
Rent per month
Rental Yield
Just 38 miles from York, Suffolk House offers boutique, fully furnished apartments tailored for students, small families, and professionals. Its unique style and strategic position ensure great attraction in Hull’s expanding rental market.
6th Jan 2021
£147,000
7.8%
- Perfect for students looking for first-rate accommodations, Boutique construction features 10 fully equipped apartments.
- Centrally located for extra convenience close to Hull’s stores and public transport.
- Affordable entry into Hull’s rental market, with high potential for steady income and tenant demand.
The Merchant
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Property Price
Rent per month
Rental Yield
The Merchant, situated 39 miles from York, combines contemporary living with affordability, appealing to students and professionals alike. The property’s proximity to transport links and cultural sites makes it an excellent choice for short-term rentals.
25%
Q3 2024
12%
- 29 one- and two-bedroom apartments designed for low-maintenance.
- The property is just 39 miles from York.
- Close to Hull Station and cultural landmarks.
- Consistent demand from tenants exploring nearby cities, including York.
These properties are in a great spot to draw a wide range of tenants, such as tourists, students, and young professionals. Their modern designs, excellent locations, and high rental yields make them fantastic investment options for investors in York and surrounding cities looking to expand their portfolios.
Best Areas for Students to Live in York
There are many York’s neighbourhoods that are ideal for students to reside in since they are reasonably priced, near universities, and offer simple access to services. The most often used among students are these:
- Heslington: Students who wish to remain near to the University of York would find this area fantastic. It is quite convenient to reach other locations and features both university-provided and private flats for students.
- Bootham and Clifton: These are popular among first-year as well as graduate students, and are near York St. John University. Their vibrant community and proximity to the city core help to explain their popularity.
- Hull Road: This is a centre for shared houses and students seeking reasonably priced accommodation, is well-known for its affordability. Its close proximity to York University makes it perfect for people looking for convenience as well.
- South Bank: A lively area with a strong student community, South Bank is known for its charming terraced houses and proximity to the city centre. It offers excellent private accommodation options, including shared houses and flats, and provides easy transport links to both universities.
- Fulford: Situated along the River Ouse, Fulford offers a peaceful environment that’s particularly appealing to postgraduates and international students. With a mix of modern apartments and traditional homes, it’s close to the University of York and local amenities, providing both comfort and convenience.
Cost of Student Accommodation in York
Average Rent Prices for Different Types of Accommodation
There are student housing alternatives in York for all budgets. Average monthly rental prices—a summary:
- University Rooms of Residence: Around £684 per month.
- Shared Houses: Approximately £516 per month per person.
- Private Flats and Apartments: Costs range from £556 to £1,842 per month.
- Private Studios and Homes: Approximately £812 per month.
Note: These prices can change depending on where your apartment is, what amenities you have, and what kind of room you get.
Additional Costs
When making a budget for housing, students should include the following costs:
- Bills: Electricity, water, and internet bills can add an extra £20 to £40 a week if they are not included in the rent.
- Deposits: Usually one month's rent, which is returned at the end of the lease if there are no damages.
- Maintenance fees: May apply in private accommodations, particularly for repairs or upkeep of communal areas.
Support and Resources for Students in York
The comprehensive support services available in York make navigating student life smoother, ensuring students have access to essential resources and guidance.
University Support Services for Accommodation
The University of York and York St. John University both have rental services that help students find good places to live. These services give information about university-run housing, help finding private homes, and support for any problems that have to do with housing. Students can contact the University of York’s Accommodation Services.
Advice on Managing Housing Issues
Universities offer help to students who are having problems with their housing through their housing offices and student groups. The University of York wants students to tell the Accommodation Services team directly about any problems with their rooms so that they can get help quickly.
Additionally, the Student Hub provides information, support, and advice on various aspects of student life, including housing concerns. A clear tenancy agreement of landlords or investors with tenants ensures smooth operations. Whereas scheduled viewings through trusted agents provide transparency.
Council Tax Rules for Students
In York, full-time students usually don’t have to pay council tax. To get this deal, students must apply online through the City of York Council’s system, giving important information like their student ID number and the date their lease starts. It’s important to note that if a student lives with non-students, the household may not qualify for full exemption, but certain discounts could apply.
Frequently Asked Questions
The kind of student flat in York determines the average cost there. While shared housing costs approximately £516 per month per person, university rooms of residence cost approximately £741 per month. Private flats and apartments range from £603 to £1,841 a month, while private studios and homes cost around £812. These pricing allow students to choose according to their budgets and personal preferences.
York’s student flats and studios provide modern amenities such as private kitchens and high-speed internet, in addition to privacy and convenience. They are ideal for postgraduates or those seeking independent living, as they are located near campuses or the city centre.
Yes, they are. Student apartments provide excellent rental returns and long-term capital growth opportunities for investors due to high demand from international and postgraduate students, monthly prices ranging from £603 to £1,841, and low maintenance costs.
Invest in Modern Student Properties in York with Flambard Williams
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