Young, gifted and posh students find their perfect uni pad.

West End estate agent, LDG know all about the heart London. London not only has some of the world’s best universities, it is one of the greatest centres of culture and creativity, famed for its museums, arts scene, nightlife and diversity.

It should, therefore, come as little surprise that students from all over the world put Imperial College, UCL, King’s College and a host of other prestigious specialist and comprehensive institutes in London at the top of their destinations of choice for higher education.

And those students are seeking high quality accommodation, with some prepared to pay up to £12,000 a month for homes in the best parts of central London, including Mayfair, Belgravia and Kensington.

And the shortage of high quality homes to rent in London’s most desirable districts has led enterprising lettings agents to establish separate divisions catering for the international student jet set.

Many overseas students often start their search for a high-end property to call home for the academic year many months in advance of term starting.

This is because many seek advice from other students who know that if you want the best apartments it makes sense to take over a tenancy in the summer.

Primarily, students from overseas are looking for two-bedroom flats within walking distance of their university college and will often pay between £6000 and £8000 per month.

Despite such high returns, many landlords are not keen on renting their investment properties to students because they have a false fear that these young tenants will fail to take care of their accommodation.

However, not only are many overseas students unaware of the British culture when they first arrive at university in London, a large number are able to put down six months or even 12 months’ rent in advance.

This has the advantage of giving the landlord instant cash flow and a more or less stress free year.

And many young adults who arrive in London from other parts of the UK and further afield to study stay in the capital after graduating.

Having grown accustomed to the high standard of accommodation they enjoyed at university, they are keen to continue renting what have become known as posh pads.

There are tales circulating around the lettings industry of wannabe Made in Chelsea types who are so desperate for the lifestyle that new agencies have been established to cater for this niche market.

One of these agencies, it is said, aims to put together like-minded people in flats (rooms starting at £1000-£3000 per month) and promises that tenants – or members as they are known – will be aged between 21 and 39 and rich.

The agency also has a no couple’s rule, so as not to ruin the buzz and holds regular parties where newbies can meet those already established in the building.

But beware! A main requirement to living in these apartments is that you already have an established career with many of its members working in or around the city.

For many of us, an ultr-posh rental pad is a pipe dream, but if you’re young and successful there are places and agencies out there designed with you in mind.

When it comes to finding a perfect pad in prime areas of central London, including oh-so-hip Soho or fashionable Fitzrovia there are enough options and luxury property available.

Alex Evans

You May Also Enjoy

Breaking News

Freehold and Leasehold Reform Act-lessees can control their own destiny

Matthew Pennycock, Minister of State for Housing and Planning, has made a Parliamentary Statement regarding the future progress of the Freehold and Leasehold Reform Act 2024. The Government have formally recognised the “significant complexity of the task” and that the legislation was rushed in at the end of the last parliament and as a result…
Read More
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker 22/11/24

The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was…
Read More
Estate Agent Talk

The Architecture Of Attention Behind Social Media Addiction

In the digital age, social media platforms have revolutionized how we connect, share, and consume information. Behind their sleek interfaces lies a sophisticated architecture of persuasive technology.  These platforms employ intricate design patterns and technical elements to capture and hold user attention. From subtle visual cues to complex algorithmic systems, every feature serves a calculated…
Read More
Breaking News

2025 Predictions for the Private Rental Sector

Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG) “As we approach 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constraints; renters’ budgets are beginning to limit how much rents can rise.…
Read More
Breaking News

Response to Matthew Pennycook’s Statement on Leasehold Reform

Yesterday, Secretary of State Matthew Pennycook made a Ministerial Statement on the future of leasehold reform. Responding, Mark Chick, director of ALEP and a Partner at Bishop & Sewell LLP said: ALEP welcomes the ministerial statement which puts in place a timeframe and some objectives for the implementation of the Leasehold & Freehold Reform Act.…
Read More
Estate Agent Talk

Essential Garage Storage Solutions for Small Spaces

Maximize your garage space with practical storage ideas that keep your items organized and accessible. If you’re dealing with a smaller garage, smart solutions can make a big difference in keeping your space neat and usable. 1.  Wall-Mounted Storage Wall-mounted storage is an excellent way to save space and keep your garage organized, especially in…
Read More