Parents become student landlords

With increasing numbers of young buyers dependent on their parents for financial support when securing their first property*, particularly among the growing trend of student purchasers, Sovereign House Developments’ Brunstane Court development in Edinburgh is providing a capital investment for this type of buyer.

Colin McLachlan, Joint Managing Director of Sovereign House Developments, comments, “Parents seeking quality accommodation for their children during their student years should consider the benefits of buying a property close to a college or university.

During the course of four years study, parents often bare the financial burden of paying rent, when for a similar outgoing each month they could invest this money in both their child’s and their own future.

“By securing a home now, parents not only have the option of selling the property onto their children once they graduate, helping them to become first time buyers in the process, but they are also investing in their own retirement nest egg.”

With prices from £154,995 and a range of excellent incentives available, Sovereign’s Brunstane Court development offers the ideal home for students, as the neighbouring Jewel and Esk College is virtually on the doorstep, while Queen Margaret University is just under three miles away.

Colin adds; “Proximity and good travel links are often a major consideration for students when deciding where to live during term time. With Brunstane Court’s ideal setting, which includes access to superb road and bus routes, the further education facilities of the surrounding area as well as Edinburgh city centre are all only a short journey away.“

Located on Milton Road East, just five miles from the vibrant hub of Scotland’s historical capital, the development offers buyers the best of urban pursuits, coupled with the relaxed lifestyle of a coastal retreat.

Comprising 82 individually designed apartments and with a choice of one, two and three-bedroom styles to choose from, there is a home to suit a variety of lifestyles and budgets.

Every apartment at Brunstane Court features a functional open-plan living and kitchen area, creating a sociable hub that has been designed with convenience and style in mind. All kitchens are fitted with state-of-the-art appliances, including a stainless steel oven, hob and cooker hood, and come with a choice of units, worktops and handles, allowing buyers to add that personal touch.

The spacious bedrooms feature generous fitted wardrobes, with the two and three-bedroom apartments also benefitting from a luxurious en-suite to service the master bedroom.

Externally, the development provides secure underground parking for residents’ peace of mind, as well as a beautifully landscaped courtyard area. Ground floor apartments also enjoy private south-facing gardens, ideal for alfresco entertaining.

In addition to all that Edinburgh has to offer, from its array of retail outlets to its cultural attractions, Brunstane Court is also perfectly located to benefit from the fresh sea air, as the beach at Portobello is just minutes away.

For further information, visit sovereignhouse.net or brunstanecourt-edinburgh.co.uk.

* Eight in ten first-time buyers under 30 rely on financial help from their parents to help them onto the property ladder, according to a study by the Council of Mortgage Lenders.