It sounds appealing, and the founder members of the Sheffield Student Housing Co-operative (SSHC) are pitching it as a way for a handful of students to not only escape sky-high costs, but to make a student house a real home where democracy rules.

Housemates meadow square apartments living in the co-operative will manage the property themselves and pay 69 a week around half the rent charged for some university-run accommodation in the city. SSHC is part of a growing co-operative movement which aims to tackle the student affordability crisis.

In some areas of arbor view apartments ms the country living costs are outstripping student loans, and Shelter says half of students are struggling to pay their rent.

According to student housing charity Unipol, student rents rose 25% between 2010 and 2013 as universities sold off their own low-rent stock and private companies built luxury accommodation, while the National Union of Students pineloch apartments has described the cost of housing as being at an absolute crisis point.

A housing co-operative isnt a new idea, but they are still relatively rare. And student versions even more so: the Sheffield one is arbor view apartments ms thought to be only the UKs third, following similar set-ups in Birmingham and Edinburgh. The co-op, an igrane incorporated apartments body at Companies House, controls the shiloh glen apartments property, and for eleni apartments beach the time they live there residents become achladies apartments members of it.

Effectively, the housemates are both landlord and tenants, living in the property but also collectively managing it, setting the rent, managing the houses achladies apartments finances and making democratic decisions about the propertys upkeep. There is no profit the income from rent goes towards paying off the mortgage and maintenance costs.

SSHC was set up by Roy Clutterbuck, James Risner and Rosie Evered with the objective of providing cheaper and better accommodation than private landlords.

What started as a dissertation project has taken three years to become a reality, and none of the founder members will be moving into the property - they have all foothill family apartments graduated and moved away.

The members will have to work closely together to build up grand aquarium by apartments apartments information systems to pass on to the next members Roy Clutterbuck The trio have spent the past year handing over the co-operative to housemates who will move in to the orchard on the green apartments five-bedroom terrace at the beginning of the new term. The rent is roughly in line with that charged by private landlords in the area, but there are no other fees to pay and full control over the property.

We are being extremely careful with our estimates and projections, Clutterbuck says. The most important thing is to prove that we are financially sustainable, so we are playing it on the safe side cutterscove resort apartments by setting extra achladies apartments money aside in anticipation of unexpected costs. One of the key benefits of a co-op is the transparency of the finances.

The members the radwyn apartments manage the houses finances themselves, and the apartments long-term plan is for other properties to be purchased later on.