My first year will be in private accommodation. For where I am located, private is actually cheaper by anywhere from £10- £60/70, that is why I chose private. Luckily, I will be with 3 other mates so settling in at the house should be fairly easy. My accommodation includes £6/week electricity, £4 gas/week and £16/month water per person so for me, its pretty good value. I guess the downside would be that there is absolutely no leeway with regards to the deposit or rent. I have heard that a University can delay your first month rent until your student finance arrives in some circumstances, this almost definitely isn't possible with private accommodation. Also, as mentioned, my contract is 52 weeks as opposed to the slightly shorter University accommodation contract.