Glasgow, Hull and Manchester have topped a list of the most lucrative towns for student accommodation buy-to-let investors.
The average yield on a typical four-bed student property in the UK is 3.79%.
However, research by property website Zoopla.co.uk found that comparative average gross yields in Glasgow are much higher – at 4.95%.
In Hull typical yields are 4.80% and in Manchester they are 4.59%.
Meanwhile, Carlisle, Middlesbrough and Bournemouth represent the worst investments for student accommodation landlords.
Despite having the largest student population in the UK, London was only the tenth most attractive place in the UK to invest in student accommodation.
House prices in the capital are increasing faster than rents and reducing the returns for landlords. The average gross yield on a typical student property in London is 4.20%.
Zoopla’s Lawrence Hall said: “There is no apparent north/south divide when it comes to student buy-to-let investments and a number of towns in the north are showing higher gross yields than the south as a result of property values having remained lower over the past few years while rental demand has increased.”