The results are in, you’ve accepted an offer and you have a place at University secured. All that’s left – apart from the working hard for the next few years – is to find the right place to live. Of course, time to decide is short and you need to make a choice, with the two main options being: halls of residence or a shared student house.
UK rents have risen yet again in July 2019, with a recent survey showing higher rents across the whole of the UK and in London, even as house prices in the English capital stagnate. The further increase in average UK rents comes as demand continues to outstrip supply, with landlords increasingly cautious over making new investment into the sector amid continued changes to the rules for landlords to help protect tenants.
If you’re still considering which university is the right one for you, then Sunderland could be a good place to look, particularly if you’re on a budget for your student accommodation. A new study shows that Sunderland is the cheapest university city to rent student digs, coming in at under the £3,000 per year mark. That means students in Sunderland could save almost £2,500 per year on the UK student accommodation cost average of £5,353.
Around ten years ago, the purpose-built student accommodation sector was still in its infancy, with UK students’ options typically limited to University run halls of residence or private landlords renting out HMOs (homes of multiple occupation). Fast forward to 2019 and student housing is the most mature market in the purpose-built, build-to-rent industry and according to property experts Savills, it still has the potential to grow even further – much further.
Once you’ve got your exam results and have a confirmed university place, you also need to confirm or arrange your accommodation. It’s an exciting time but also a busy one, where you’ll need to make arrangements for things you may never have even thought about before!