Buying flats for children at university
Buying a property for your student child at university has now become one of the smartest moves in property.
Cherie’s latest purchase, a £975,000 maisonette in west London for 22-year-old Kathryn while she studies law at King’s College London, is one she is unlikely to regret. It has three bedrooms, so her daughter will have the option of letting to student friends if she wishes.
The Blairs also, controversially, bought two flats for about £430,000 in 2002 for their son Euan when he was at Bristol University, designed to give him somewhere safe and pleasant to live and garner an increase in capital value during the boom. These are posh pads for students, not the down-at-heel shared terrace housing with extra beds littering sitting rooms, which we tend to think of as the norm (not to mention the dirty coffee cups, laundry and slumpy sofas) …