Following on from separate reports created for both private halls and private accommodation, this piece provides a brief summary of the key findings on rents for 2016.
Looking at the data for student accommodation across the UK, we found that privately rented accommodation (student house/flat) again comes out as the cheaper option for 2016. Average weekly rents (ARVs) for private accommodation came out at £86.76 (£1.27 increase from 2015), whilst on average, private halls costed £210.45 per week. Drawing on the Accommodation Costs Survey 2015, private halls are also the most expensive option when factoring in institutional accommodation (university halls), which came out at £134.23 per week.
But, it is important to note that the value for private halls includes those in London, and subsequently skews the data. The ARV of private halls without London included was £145.52 per week (£6.63 increase from 2015). Examination of London private halls shows that the ARV is £275.38. Similarly, ARVs for private accommodation also show London to be the most expensive location (£136.61 per week).
Across both accommodation types, the range of ARVs was quite wide; with private halls falling anywhere between £92-£275 per week and private accommodation costing £56-£148 per week across the country. In both private halls and private accommodation, the cheapest ARVs are in the North of England whilst the most expensive are generally found within the South of England and Scotland. Moreover, whilst Wales appeared to offer one of the cheaper ARVs for private accommodation (£71.13 per week), its private halls fell within the more expensive bracket (£150 per week).
Bradford, Hull and Preston came up top as the cheapest cities to live in private halls while Stockton, Bolton and Dundee were the cheapest for private accommodation. But the only city that is cheapest for both, is Wolverhampton; with ARVs of £62 and £98.31 for private accommodation and private halls, respectively.
Our findings indicated that the percentage of private accommodation properties offering bills inclusive rent has risen by at least 10% from 2015. Previous data also shows us that this has been a consistent finding year-upon-year since 2011 (please see Figure 2 below). There are no consistent findings in the data to suggest particular geographical regions that are more inclined to have a higher proportion of properties offering bills inclusive rent; with the exception of one small caveat – 2 of the 21 cities with 70% bills inclusive properties (in the AFS inventory) are within the South of England.
Links to the full AFS surveys can be found here:
Privately rented student accommodation