student housing in tower hamlets manmohan dayal l.b.tower hamlets 30 th june 2008
TRANSCRIPT
Student Housing Student Housing in in
Tower HamletsTower Hamlets
Manmohan DayalManmohan DayalL.B.Tower HamletsL.B.Tower Hamlets
3030thth June 2008 June 2008
Student Housing-Policies
• National– The Future of Higher Education, 2003
• Increase number of students in HE to 50% by 2010– PPS 3: Housing, 2006
• Identify accommodation requirements of the population• Regional
– Draft London Housing Strategy• Housing of all tenures for multiple needs of population• Opportunity of choice and mobility• Counts towards overall housing provision• Not considered for Social Housing
– Consolidated London Plan, 2008• Adds to overall provision• No obligation for social housing
– London Plan SPG: Housing• Temporary • Not considered as social housing
Student Housing – Local Plan
• UDP, 1996– Encourage housing for residents with special needs &
students in certain locations– No loss of permanent housing
• Interim Guidance: Core Strategy, 2006– Preferred locations in QMUL campus & near LMU– Not a preferred housing use– Makes no contribution towards meeting housing need– Supports family homes – Supports retention of HMOs
Opportunities
• Uncertain times; steady market• Higher rental increases for pvt halls &
HMOs– 5%-7% p.a. vs 2% in pvt housing sector
• Exempt from obligations for social housing• Tax benefits • Permitted on Sui generis uses• Increased paying capacity of students-
– Loans– International students
Demand:2007/08
Core demand:1st yrs + Foreign students=25% of FTS
London• 251K FT students; Core demand of 60K• Increase in Foreign students by 9% p.a.• Increase in FT students by 3% p.a.Tower Hamlets• 21K FT students; Core demand of 5K• Demand from QMUL, LMU + univs in other
areas
Existing Supply
Borough Bed spaces F.T. Students Core demand
Newham 1180 10,781 2,700
City 1132 26,645 (10.61%)
6,660
Tower Hamlets 3635 (70% of CD)
20,785 (8%) 5,200
Total for NE 5967 (41% of C.D)
58,211(23%) 14,550
Total for North
8316 (27%) 124,139 (50%)
31,000
All London 48,279 (77% of C.D)
251,035 62,758
Supply:
London: Supply of 48k bed spaces; shortfall of 12KSub-Regional:5147+ 2000 (in pipeline); shortfall of
7kTower Hamlets• Supply 3635 bed spaces + 2000 approved/under
construction; shortfall is nil• Increase in SH by 150% in 5 years (2312 to 3635
bs) • Increase in en-suite rooms by >50% p.a.• Trend towards studio apts: £150-200/ week; or• 56% of FT students staying in all student HHs
Student Housing: Locations Type of sites • Warehouse/ storage (B8)• Light industrial (B1)• Car parks• Service YardsLocations• Close to Railway lines• With vehicular constraints• Lower amenity value: Industrial area
Issues for Tower Hamlets • Spill over of demand from North into NE
– Higher land values– Less profitable in North unless
• Higher end (studio) student accommodation• Higher rentals, smaller tenures
• Studentification of areas • Loss of family homes• No net increase in housing capacity• Affordability of student accommodation
Recommendations: Policy
• Major role for Pvt providers– Agreements between Providers & HEIs
• Collaborative programme with boroughs• Sustainable Locations:
– Within close proximity of HEIs (1 mile radius)– Good transport Links– Safe locations
• Affordability: – length of tenancy – affordable rooms for students from Low income Hhs– (BUT HOW- Conditions???)
• Conversion to HMOs
Recommendations: Design
• Provide quality development: open spaces etc
• Accommodation mix of studio & en-suite• Cycle parking, service parking• No loss of amenity of existing residents• Standards for room sizes