Wealthy students studying in Liverpool are spending as much as £2,340 a month to live in shared luxury student houses boasting bespoke furniture, ensuite bedrooms with rain showers, and central locations.
Online student letting agent, StudentTenant.com, investigates the most exclusive student living experiences in Liverpool advertised on a popular student-only letting portal. Each property advertised caters specifically for students who can afford to fork out almost £1,000 a month on rental accommodation to live in an high-spec student properties in the centre of Liverpool.
Students studying in Liverpool have three choices when it comes to accommodation; shared houses, apartments, and private student halls, But, which of those three are the best choice for potential tenants? We’ve investigated each student accommodation option to find out which is the winner of the ultimate student pad crown.
So, which student properties are on the market?
1. Studio Apartment, Liverpool - £2,340 PCM
For wealthy students who want to live on their own, this studio apartment in the centre of Liverpool could be the next best option. Costing a bargain price of just £28,080 a year (almost half of the student house), the studio apartment offers all the benefits of a student house, but with the freedom owning the whole property instead of sharing it.
Just a short two minute walk from Liverpool John Moores University Mount Pleasant Campus and the University of Liverpool, the studio apartment is in the perfect location for students. The property comes fully furnished with built-in, bespoke furniture and a modern sleek kitchen.
However, at this price, residents of the apartment are still expected to use a communal washing machine and dryer instead of having one of their own.
2. Grande Apartment, Liverpool - £1,452 PCM
If they don’t fancy living in a shared student house or apartment, then luxury private student halls could be a fantastic alternative. The recently developed luxury student accommodation, which is due to open this September, is set to “redefine luxury student accommodation.”
At £1,452 per month, students living in the private halls will have access to their own “open planned living space” which comes fully equipped with everything a student needs for their first-year moving from home:
A King-Sized Bed
Large Smart HD TV
Fully-Fitted Kitchen with Dishwasher
Three Seater Sofa
Desk and Chair
Whether the residents want space to get on with some work, relax from the stresses of university, or meet new like-minded individuals, the private halls has a host of luxury spaces to enjoy at their fingertips. Boasting modern social spaces to meet fellow-dwellers, a private cinema showing the latest blockbusters, music and games rooms, and a fully-equipped gym with a sauna and steam room, the private halls offers plenty of entertainment options for residents if they wish.
But that’s not all. Residents of the luxury student halls also have access to 24/7 concierge service, cooked breakfast everyday, and freshly ground coffee, courtesy of the student halls provider.
3. Shared House, Liverpool - £910 PCM
Surprisingly, the cheapest student accommodation option in Liverpool is a shared house in Bailey Street.
Located just a half mile from both Liverpool John Moores University, and the University of Liverpool, this student pad is in the perfect location for students studying at either university. Inside, tenants are treated to custom-built furniture, a “designer kitchen with stone surfaces” and “Porcelanosa designer bathrooms.”
Each resident will also have access to their own “recluse” which includes a 50” smart TV, en-suite bathroom with rain shower, and a desk to help students escape from their busy lifestyle to complete university work.
However, the property isn’t as great as it sounds. Residents living here are expected to share the property with four other individuals. The lucky residents who can afford to live in this property will be paying £10,920 a year each for a bedroom in a shared student house, and will still be required to share the kitchen and living room.
To put that rental cost for this property into perspective, the tenant could choose to live in a four bedroom penthouse suite overlooking the Liverpool city centre, or a six-bedroom detached house with a personal cinema instead, with some spare change at the end of the week.
Comment for Danielle Cullen, Managing Director at StudentTenant.com:
It’s fantastic for the lettings market that landlords and property developers are investing in more luxury student accommodation to appeal to students who can afford to pay higher rental costs.
Over the last couple of years, particularly on StudentTenant.com, we’ve noticed growth in luxury student properties being advertised across the UK. Investors and private landlords are seeing the potential returns they could receive if they’re appealing to wealthy students, and they want to cash in on the rising demand. We’ve seen more and more ‘premium’ student properties advertised on our site, and for student houses in particular, we’ve noticed that landlords are choosing to completely renovate their properties to reach maximum returns.
In our experience, we’ve found that there’s been a shift in what students demands are from their accommodation providers. In the past, students may have been happy to live in accommodation with poor conditions, as long as they were cheap. But now, we’re starting to see that more and more students are willing to pay a higher price in exchange for higher quality accommodation.