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    Home»Real Estate»Nelson Partners Gives a General Insight into Purpose Built Student Accommodation
    Real Estate

    Nelson Partners Gives a General Insight into Purpose Built Student Accommodation

    Paul PetersenBy Paul PetersenJanuary 18, 2022No Comments3 Mins Read
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    Purpose built student accommodation is a type of housing that is particularly developed for university students by private developers like Nelson Partners. These properties usually take one of two forms. They can either be self-contained studio or “cluster” flats with private kitchens but shared living space, or they could be modern halls of residence featuring en-suite bedrooms with shared kitchen, dining and living facilities. Purpose built student accommodation is pretty different from traditional student housing, as unlike HMOs, they have been designed and built specifically for university students by private developers or a redevelopment of an existing building.

    Purpose built student accommodation caters to the needs of the students way more than any other type of housing option. As a result, most students are also willing to pay for the added convenience and quality this accommodation option provides. In fact, more than half of students today opt to live in such housing units owing to their close proximity to the main university campus, local amenities and superfast broadband or Wi-Fi facilities.

    The quality of student accommodation in a region can have a huge impact on the students. Most students put a lot of effort and thought in trying to find the ideal quality, location and affordability of student accommodation in their chosen university. It will be smart for them to choose the housing options managed by companies like Nelson Partners.

    The student accommodation sector is growing consistently at an unparalleled rate. This growth stands to benefit almost everyone. However, the prominence of student accommodation sector was not always this high. In fact, it was just a decade or so ago that the sector was nearly non-existent. All students simply got two options when it came to college accommodation, university-run halls of residence or converted Homes for Multiple Occupation (HMOs). Neither of these options were too appealing, and has a number of issues. The quality of maintenance of off-site accommodation was not great traditionally, and even so, single houses used to be shared by three, four or even more students. Complaints were extremely common about the condition of many of these properties.  A lot of them were either run down, lacked basic services, had too high rents, and so on. But the most common complaint was the overall shortage and challenges for students to find suitable accommodation.

    Fortunately, the situation has evolved quite a bit since those days and many new accommodation options have come up. Today the sector has been majorly revolutionized with the introduction of Purpose-Built Student Accommodation. Students now no longer have to pay an extortionate sum of money for the purpose of securing an outdated room in halls or a small room in a shared house that has just a single bathroom between eight occupants. Rather, they are provided with the chance to make their choice from an expansive range of boutique options that vary depending on personal taste and budgets.

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    Paul Petersen

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