Super-wealthy students studying London are paying almost £67,000 a year to live in apartments boasting en-suite marble bathrooms, underfloor heating and a large private terrace overlooking Hyde Park.
As investment into luxury student properties for international students in London is on the rise, StudentTenant.com researches into the most exclusive student living experiences.
Luxury properties in London have been growing, as an increasing number of property developers try to capitalise on the demand for luxury student properties. Catering specifically for students who can afford weekly rents of over £700 per week, London has seen an influx of new, expensive, high-spec studio flats for them to live in.
The most impressive undergraduate residence in London has been revealed on a popular student-only property finding portal; costing an eye-watering £1,300 per person per week. To put the cost into perspective, students living in London could receive a maximum student loan £11,002 a year.
The fully-furnished apartment comprising of two interconnecting reception rooms with living and dining space, a stunning modern eat-in kitchen, guest cloakroom and two double bedrooms with en-suite marble bathrooms. In addition, the luxury apartment in Mayfair boasts a private terrace overlooking Hyde Park to entertain fellow freshers.
But that’s not all. Alongside the bespoke fixtures and fittings is a high-tech home automation system to control lighting, security, underfloor heating, air-conditioning and media and audio visual systems from a mobile phone.
Other luxury student properties in London include:
Grosvenor Hill, Mayfair, W1K - Costing £880 per person per week.
Found on the prestigious Mayfair Street, this luxury one bedroom student apartment features 785 sq. ft of elegant entertaining space. Highlights of the property include a granite kitchen/diner, solid wood flooring, en-suite bathroom and double bedroom.
The Heinze Building, Farringdon Road, EC1R - Costing £875 per person, per week.
A newly converted one bedroom student apartment, offering the very best of London living. Reaching over 405 sq. ft, the spacious property boasts London skyline views, open-plan kitchens and bespoke furnishings
Comment from Danielle Cullen, Managing Director at StudentTenant.com
"With over half a million students living in private rental accommodation in the UK, and nearly half of those from overseas, it’s no wonder that we’re seeing a growing demand for luxury student properties. We have seen a huge growth in luxury accommodation in recent years, designed to appeal to the wealthiest students across the globe who are willing to pay rent upfront.
It’s great to see property developers offer the option to live the life of luxury for those who are studying at university, but the problem we’re seeing is that luxury properties are gradually pushing up rental prices for students across the UK.
Landlords are seeing the potential for luxury student properties and how much rental income they’re generating, and they want a piece of it. More and more landlords are opting for the luxury label and students are getting hit as there is a fall in affordable student accommodation, particularly in central London."