When StudentFM was founded in 2004, the UK student accommodation market consisted almost entirely of low-budget dormitories. Students could choose either to rent a small room or opt for a shared dorm, offering little space for privacy or quiet study.
StudentFM was among the first developers to realise there was a need for higher living standards for students – and among the first to enter the PBSA market and offer high-quality student accommodation at a price accessible to most students.
Stephen Murphy and Martin Joyce, founders of StudentFM, both have over 25 years of experience in the construction and property development sector. In 1999, they were among the founding fathers of the PBSA industry in Liverpool, which eventually led to them founding StudentFM a few years later.
This way of offering student accommodation was an instant success because students could afford accommodation, at affordable prices, close to their university
StudentFM’s all-inclusive business model made it stand out right from the start. This groundbreaking way of renting out luxury student accommodation enabled students to rent a larger space, despite being on a small budget.
When renting a room, studio or apartment in one of StudentFM’s developments, students only have to pay rent: everything from utility bills, basic content insurance, high-speed broadband connection to TV is included in the rent.
Not only does this approach make it significantly easier for students to predict and budget their expenses, when living away from home for the first time, but it also allows StudentFM, as facility managers, to negotiate the best prices with insurance companies and utility and internet providers, to keep living costs low for their tenants.
This way of offering student accommodation was an instant success because students could afford accommodation, at affordable prices, close to their university —which traditionally are located in otherwise expensive city centres. Plus, students no longer have to worry about bills, yearly recalculations, and finding the ideal utility providers themselves.
High quality at a fair price
Since 2004, StudentFM’s dedication to the provision of high-quality student accommodation at a fair price, with easy-to-budget terms, has enabled StudentFM to expand to prime locations in key UK university cities. Today, they offer accommodation within walking distance of major British universities, in Chester, Leicester, Manchester, Preston and Sheffield.
All their properties are newly built or have been restored to modern high-spec properties – specifically with the student in mind. All rentals, from rooms and studios to apartments, offer features as standard which traditionally were considered a luxury for student accommodation, such as fully equipped kitchens, en-suite bathrooms, three-quarter to full-size beds, 40″ TVs, and much more. In other words, student accommodation no longer just offers a place to sleep; it comes fully furnished with areas for studying and a comfortable private space for students in the midst of a hectic university life.
They offer accommodation within walking distance of major British universities, in Chester, Leicester, Manchester, Preston and Sheffield
Today, the daily management of StudentFM is led by associate director Rachel Withers, who oversees the commercial aspects of the business, including mobilisation and site acquisition. Under her capable management, StudentFM has expanded its operation across the UK to include more than 1,500 beds. But regardless of the success and growth of the business, StudentFM’s commitment to providing high-end student accommodation on a budget has remained unchanged.
StudentFM is now on a mission to expand quality student living at affordable prices to more university locations across the UK. So, future students might soon see roof-top gardens, on-site gyms, cinemas and other luxuries as common rather than exceptional aspects of student living.
For more information, visit www.studentfm.co.uk.