Posts with tag: student renting

Students at Top Universities Pay Higher Rents

Those studying at the country’s top universities are paying some of the highest rents, according to a new study.

Accommodation for Students revealed that those attending Cambridge, Oxford, Imperial College London, London School of Economics, Exeter and the University of Surrey pay between £20-£58 more in rent every week than the national average.

The research indicates that the student rental market has remained stable in most parts, with a slight increase in rents of £1.43 in the past 12 months. The average student rent is now £82.09 per week.

Students at Top Universities Pay Higher Rents

Students at Top Universities Pay Higher Rents

The only top ten university (according to The Complete University Guide 2016) where students pay less than the national average is Lancaster University at £78 a week.

Similarly to the overall rental market, there is still a wide north-south divide, with students in the north of England paying around £15 less than those in the south.

Those studying in Wales pay an average of £69 a week and Scottish students typically pay just £4 more.

The most expensive average student rents are in London at £140, Cambridge at £124, Kingston at £115 and Aberdeen at £109.

Students in Bolton, Middlesbrough and Wolverhampton pay an average of £62 per week, but the cheapest student accommodation is found in Walsall and Stockton at £48 and £49 respectively.

The greatest rises in student rents were experienced in Luton, Bangor and Derby, increasing at an average of 20% over the year.

Simon Thompson, Director at Accommodation for Students, says: “It’s great to see that the overall market has remained stable over the last year. This is positive for both investor landlords and students.

“Unsurprisingly, the north-south divide in rent values remains apparent, just as in the private rented sector.

“Naturally, rental increases in some areas will be governed by student demand, often determined by what courses are available, but it is interesting to see that there appears to be some correlation between the highest ranked universities and cost of student accommodation.

“Bill-inclusive rental options are increasingly prevalent, which shows landlords are reacting to student needs.

“Anything which helps students to manage their finances is appealing and I think this trend will continue to grow over the next few years as the cost of attending university creeps up.”1


Half of Students Think Rent is Good Value for Money

Published On: May 29, 2015 at 12:23 pm


Categories: Landlord News

Tags: ,,,

Around half of students (49%) think that their weekly rent is good value for money, a survey by Glide Utilities has found.

The tenant study also discovered that the average rent for students is £95 per week, unchanged since 2014.

Glide Utilities conducted a report, What Students Seek, which revealed that three quarters of students are satisfied with their shared accommodation, however, this has slowly decreased year-on-year.

Half of Students Think Rent is Good Value for Money

Half of Students Think Rent is Good Value for Money

Additionally, 66% of respondents said they have had problems with the way their property is managed.

One of the biggest issues for students was a lack of communication, with 29% of students complaining of this. A fifth have also experienced intrusive or unannounced visits and inspections, with 39% reporting a lack of response to maintenance problems. Poor property upkeep was a concern for 28%.

Glide Utilities’ research also surveyed student landlords and letting agents, revealing that 15% are worried that they will not let all their student properties by the start of the next academic year.

The report also found that students are seeking more comfort from their private rental accommodation. Over half would like a double bed in their room and a third want an en-suite.

However, practicality is still incredibly important to students. A huge 83% put fast internet access as a priority and good storage is important to 72%.

Furthermore, the report found that some students are focusing on their studies rather than socialising. Over half said it is very important to live close to university and 31% find good transport links necessary.

CEO of Glide Utilities, James Villarreal, says: “The secret to gaining student appeal in 2015 is definitely more is more. While the majority of students are satisfied with their accommodation, we can’t ignore the fact that this figure is gradually falling. This isn’t because conditions are slipping, necessarily, but that student expectations are rising.

“We’ve see this in our own business and have made changes to keep attracting more customers. Our findings highlight exactly what students seek when it comes to private rented accommodation, and will help landlords and agents make the right practical changes without breaking the bank.”1