NOW REMOVED FROM SALE Conran 1930?s style armchair - ?50 buyer to collect
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HMOs are just glorified bedsits. But I doubt if the local housing allowance would stretch to paying what the developers are going to ask. -
The money available from short-term lets is generally much better than long-term - student accommodation is by definition short-term - so you might imagine a scenario where high revenues are obtained from multiple short-term lets (not necessarily to students- I can't imagine who would police this). If I had a business serving ED customers I might prefer to have customers either from long-term lets of e.g. families or indeed short-term lets of wealthy people (relatively). Students tend neither to be high, nor consistent, spenders. However I would support accommodation e.g. for student nurses (at Kings etc.) or other health professionals - who would tend to be longer-term tenants and would also be filling a social need. But I do suspect hidden agendas here. -
Unless I'm missing something that a quick google doesn't provide, The Champion Hill accommodation seems to have some sort of fire safety problem that is entirely separate from whether or not there is demand. Quite a lot of info online, including: https://www.kcl.ac.uk/news/statements/accommodation-ch https://roarnews.co.uk/2024/kcl-accommodation-still-empty-four-years-after-evacuation/ -
I agree, considering the scale of the project, one would think they have done some assessment regarding demand for student housing here. But the champion hill student accommodation seems to be mostly empty. It doesn't add up. There is a thesis that these student studios would be essentially turned into massive HMOs.
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