February 11, 2015 5.06 pm This story is over

Lincoln students paying third highest housing premiums in the UK

High housing premiums: Students in Lincoln are forking out over 27% more for their rented accommodation than non-students living in similar housing, according to new research.

Students in Lincoln are forking out over 27% more for their rented accommodation than non-students living in similar housing, according to new research.

Undergraduates in the city are charged an average of £84.02 per person per week (pppw) by landlords for privately rented housing, with the average rental price in the city being £65.84 – 27.61% less.

Only Loughborough (36.08%) and Durham (31.84%) charge higher student premiums on average.

By contrast, the UK-wide research, conducted by student housing search website StuRents, suggests that students in the south of England are enjoying accommodation at a discount compared to the prices paid by locals in the same areas.

For example, students in Reading are paying an average of £80.78 pppw for accommodation in areas where the overall average price is £132.75 pppw – a discount of 39.2%.

Undergraduates in Oxford also enjoy a 32.63% discount on housing compared with non-students.

Students in Lincoln are paying the third highest premiums in the country

Students in Lincoln are paying the third highest premiums in the country

Tom Walker, Co-Founder of StuRents.com said: In towns and cities where the mainstream rental market suffers from upwards pressure as a result of a burgeoning demand from young professionals and out-of-reach house prices, the student rental sector seems to trade at a discount to the market average.

“Conversely, the general consensus in the northern half of England seems to be that students represent a more premium demographic, and rental prices are adjusted upwards to accommodate this.”

The University of Lincoln Students’ Union and letting agents Lighthouse and Loc8me were contacted but declined to comment.

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