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Student housing becomes the UK's first specialist lettings agency to move all of its properties to renewable energy

A specialist lettings and property management company has become the first business of its kind in the UK to only use renewable energy at its accommodation.

Student Housing, which provides homes to undergraduates in Lincoln and Nottingham, has moved all of its managed properties to So. Energy's NET-ZERO plan.

As of September, all of Student Housing's 1,300 tenants will benefit from the lowest possible priced renewable energy. In a few weeks, Student Housing will be asking them to vote for the source of their renewable energy - solar, wind, hydro, biomass or tidal.

In the last twelve months, Student Housing's utility bill for its portfolio of over 500 properties exceeded £500,000. The company's high volume use opens up the opportunity to secure extremely competitive unit rates through bulk buying wholesale energy.

"We use our bulk buying power to ensure that our electricity and gas rates are amongst the lowest on the market," says Harry Conti, Director of Student Housing. "This means our tenants don't have to worry about how much energy they use nor the impact their energy use has on the environment. All of our properties are let on a bills-inclusive basis, which is extremely popular. Our landlords like it too as we are reducing their energy bills. In fact, they're winning twice, as we don't charge them for managing the energy supply to their property.

“Everyone at Student Housing and our tenants care about the planet and want to use renewable energy. That's why we moved all of our managed properties onto the greenest plan we could find. We think we're the first lettings agent and property management company working with university students and leading industry experts to do this."

So.Energy predicts that Student Housing will save 544 tonnes of CO2 in the next 12 months by moving all of its managed properties to renewable energy - that’s the equivalent of planting 435,000 CO2 soaking trees.

As well as responding to its tenants' desire to use renewable energy, Student Housing also provides them with a range of popular perks, such as discounts at nightclubs, an annual Halloween party and offering free pizza and Christmas Tree deliveries.

"Having been university students ourselves, we know what our tenants want, and that's why we have the highest tenant retention rates of any Lincoln agency. We also have the highest deposit return rate of any agency, with 97% of last year's tenants receiving their deposits back in full," says Harry.

Disappointed with the standard of accommodation they could find to rent, in 2015 Harry (25) and Marcus Askam-Yates (28) left the University of Lincoln halfway through their degrees to start Student Housing.

Today the company provides accommodation to over 1,000 University of Lincoln students and manages over 450 properties in the city, working with both private and institutional landlords and investors. It opened its Nottingham office in May 2019, generating over £2.5m from investors looking to increase or establish a property portfolio in the city.

As well as acquiring property for private investors, Student Housing is keen to work with current landlords who are interested in increasing their yields and is also offering a consultation service to professionals, such as architects and conveyancers.

For more information about Student Housing, please visit http://www.studenthousingnottingham.co.uk.


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