A new app which aims to revolutionise the student property rental market has launched.

SPCE, which raised £280,000 on crowdfunding platform Seedrs earlier this year, makes it quick and easy for university-goers to find a room or entire property to rent.

It also claims to improve transparency and communication between a student renter and their landlord.

“Anyone currently at university or who’s graduated in the past will more than likely have their fair share of horror stories about finding, securing and living in rented accommodation,” said CEO Leon Ifayemi.

“And the truth is that many landlords will also have a tale or two to tell about renting properties to students. The launch of SPCE will change all this and I am delighted to unveil it today.

“Not only are we going to make it easy for students to find desirable properties and for landlords to locate new tenants, but we are also going to make communication between both parties throughout the tenancy absolutely effortless.

“By enabling students and landlords to receive ratings we are also encouraging greater respect from all involved and promoting a more transparent system.

“Throw in the ability for students to build a credit rating and the fact that parent guarantors are kept in the loop, and we’re confident that SPCE is going to drag student lettings into the modern day.”

SPCE

The London-based start-up has partnerships with some of the UK’s leading student accommodation providers as well as Experian and AIESEC.

Experian will be working with SPCE to help students develop a credit rating while at university, placing them in a stronger financial position once they graduate.

AIESEC, the globally renowned international student exchange programme operating in more than 100 countries, has selected SPCE as its chosen partner for overseas students to find a rental property in their new place of study.

SPCE arrives on the market with 50,000 rooms available for rent and 15,000 students pre-registering to download the proptech solution.

Moreover, SPCE already has agreements with six major UK universities and has a presence in the country’s leading higher education regions, including: London, Newcastle, Manchester, Birmingham, Leeds, Oxford and Cambridge, plus many more.

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