5 Ways to Drive Revenue for Student-Let Landlords in Coventry

When managed effectively, student rentals can yield excellent returns, and Coventry offers unique advantages for landlords. Here are five suggestions to make student rentals in Coventry more lucrative.

Coventry, with its vibrant student population from Coventry University and nearby Warwick University, is well-positioned to provide high demand for student accommodation. According to Paragon Bank’s analysis, the average gross income of landlords has consistently increased, reflecting the growth in rental demand. With an estimated 1.5 million students across the UK seeking housing, Coventry stands out as a prime market, especially as students prefer well-maintained, conveniently located rentals.

Choose the Right Property in Coventry
The first step towards a profitable student rental is selecting the right property. In Coventry, proximity to universities is key, especially around Coventry University’s campus and areas well-connected to Warwick University. Outside of central Coventry, secondary locations like Earlsdon or Canley may also attract students looking for quieter residential options at more affordable rates.

Market Early to Coventry Students
Coventry experiences a cyclical demand for student housing, peaking when new university intakes are confirmed. Marketing properties well in advance gives landlords a chance to secure tenants and reduce vacancy gaps. Building connections with Coventry University and local student groups can also streamline the process and create a steady tenant pipeline.

Make the Most of Summer Holidays with Coventry’s Appeal
While students often vacate properties over summer, landlords in Coventry could consider short-term rentals during this period. Coventry’s proximity to the tourist-attracting Cotswolds and its historical landmarks, such as Coventry Cathedral, make it an appealing spot for short stays. This can help landlords turn what might be a vacancy period into a revenue opportunity.

Renovate to Offer Quality that Appeals to Coventry Students
Students in Coventry, like elsewhere, appreciate updated, quality accommodation that supports their needs. Simple upgrades like reliable heating systems, extra insulation (for Coventry’s cooler months), or upgraded internet can add appeal and justify higher rents.

Keep an In-Depth Inventory
With Coventry’s thriving student rental market, maintaining detailed inventories is crucial for landlords. An accurate inventory protects landlords and tenants, fostering trust and supporting long-term profitability. For Coventry properties, recommending insurance that covers both tenants’ belongings and landlord fixtures can provide peace of mind for both parties.

By implementing these recommendations, letting agencies in Coventry can help landlords optimise revenue while supporting the city’s student housing demand effectively.