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Owning and renting a property in St Andrews, under the current economic climate can be a very sound investment. One of the major markets in St Andrews is that of the student property. This market is one which can produce excellent returns but which must be approached with care. Properties with more than 2 tenants will require an HMO license from the Local Authority and you must be prepared to redecorate and sometimes recarpet slightly more often than you normally would. The student tenants in general are excellent usually looking after the properties well and returning them in good to reasonable order (there are always exceptions but this is to be found no matter what letting market you are in) and any repairs are usually covered by the fairly large deposits held.

Town & Gown Property Letting Services Ltd were formed in 2003 by Michael Foote who decided after some 5 years with one of the major letting agents to set up a small specialist agency dedicated to the strong student market that has developed around the University. Town & Gown has set up a high quality service to a limited number of clients, their properties and tenants. This service is based around:

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