Half of students say rent represents good value for money

Half of students say rent represents good value for money

Almost half of students (49%) surveyed by Glide Utilities said their weekly rent represents good value for money, the firm has revealed.  

The tenant survey also calculated the average weekly rent for students at £95, the same figure recorded in 2014. 

The data has been released alongside a new report, What Students Seek, also compiled by Glide Utilities, which found that while three quarters of students are satisfied with their shared accommodation, this figure has been in slow decline year-on-year. 

What’s more, 66% of students surveyed said they have experienced problems with the way their property is managed.  

One of the biggest issues was a ‘lack of communication’, cited by 29% of student participants. A fifth also said intrusive or unannounced visits and inspections were a problem, meanwhile 39% highlighted a lack of response on maintenance issues, and 28% said poor property upkeep was a problem.

Part of the research, which surveyed student landlords and letting agents, found that 15% fear they won’t let all their student properties by the start of the next academic year

The report also highlights that students are increasingly looking for more comfort when it comes to private rentals. Well over half expressed their desire for a double bed in their room, and a third said they would like en-suite bathroom facilities. 

Aside from this, practicality governs the majority of their decisions. Fast internet access is by far the most popular item on their wish list (83%), while good storage (72%) was the second most popular response. 

The research also revealed that some students are beginning to prioritise their studies over socialising. Over half of those surveyed said it’s very important to be close to the university and 31% highlighted the need for good transport links.

James Villarreal, CEO of Glide Utilities, commented: “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 seen 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.”

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