by Daniel Jones
Landlords in the Cumbrian town of Ambleside have the opportunity to provide student accommodation.
The University of Cumbria has launched a new scheme named Headlease, which aims to provide local property owners with the chance to rent out rooms and homes to students who have enrolled at the institution.
A home is actually leased to the university itself, which then sub-lets it to young academics who have joined its courses. This helps the organisation to find accommodation for its students and landlords to enjoy a healthy financial return on second homes and spare properties.
Lucy Roberts, commercial services manager at the university, said: "Due to demand, our university accommodation for first year students in Ambleside for September 2014 will be at capacity.
"We would really like private landlords who have availability for students to come forward and let us know and we can direct students to them."
Landlords can rest assured that the tenancy would be managed by the university, so they don't have to go through any day-to-day running responsibilities. Bosses will make sure regular checks are undertaken and that the rent for the entire term of a lease will be paid.
Ambleside is a location in which suitable properties are hard to come by at the current time, as more students flock to the town. Campus redevelopments will allow around 400 students to be based there by next September.
For now, landlords have a tremendous chance to cash in on the lack of supply and the overwhelming demand, providing that they have a suitable home that is available.
Headlease is the brainchild of the university as it bids to find places for returning students to stay. As things stand, it can provide halls to those in their first year, but does not have enough rooms for students coming back for their second and third years.
Published on: November 19, 2013