By using this website, you agree to our use of cookies to enhance your experience.


Agent claims some students in London pay £140k in rent per year

Forget those ideas that even posh students live in digs or shared houses - prime central London agency Napier Watt has declared the start of the international student letting season with a claim that some pay a remarkable £12,000 per month.

“Enquiries from overseas students keen to rent an apartment for the new academic year are starting to come in. As the current wave of students come to the end of their tenancies, those who have rented before know it makes sense to take over a tenancy during the summer,” according to Jonathan Adams, director of Napier Watt.

“These students are prepared to pay £6,000 to £8,000 per month for a nice two-bed flat in Mayfair, Marylebone or Belgravia, rising to £12,000 per month in Knightsbridge” he says.


Despite such stellar returns, some landlords are wary of letting to students, says Adams.

But he says they should not be reluctant.

“Students often get an unfair press for being rowdy and excessive partying but there are many real and distinct advantages of letting to them. Firstly, on the whole they tend not to be badly behaved. Secondly, in central London they tend to be overseas students, and will typically pay their rent half yearly in advance and occasionally, annually in advance. They often pay a deposit equal to eight weeks’ rent on top,” he suggests.

This gives the landlord great cash flow and additional security, while the tenants are locked in to their contracts for the year.

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

  • Rob  Davies

    I think mine was about £50 a week. Happy days.

  • Fake Agent

    Bet those house parties in Mayfair and Belgravia are a hoot! "Darling, we don't do jaeger bombs and lager here, we only drink champagne and 200 year old whisky. Have you no class?"

  • icon

    A headline grabbing claim if ever I saw one. ' he says they should not be reluctant.' well of course Mr agent would say that to landlords...Ridiculous money in a ridiculous world that the majority of us will never have any idea of how it really works.

  • icon

    This agent reminds me of that posh bloke of the agent series on BBC2 last year, not representative of anyone or anything in particular but interesting all the same. If their rent is £12,000 a month, how much is their deposit?

  • Neil Briggs

    We mustn't forget that London dances to its own drum beat. You wouldn't find these sorts of prices for student accommodation anywhere else in the UK. Does make you wonder how much money a person would have to have to afford to put their son or daughter into rental accommodation with such an eye-watering monthly rent.

  • Tim Gorgulu

    Silly money, but if overseas students are willing to pay it then landlords are well within their rights to use that to their advantage.

    I can see why some landlords might be cautious - given the stereotype of rowdy, house-wrecking students - but I don't think people renting in Mayfair and Knightsbridge will be raving the night away somehow. If they're spending that much on rent, they won't want to destroy the place.


Please login to comment

MovePal MovePal MovePal
sign up