In my first year we got caught in the massive panic to get a house, found one that we liked that seemed reasonable at £64 p/w so we signed a contract for it in November. Even though we payed rent on it all summer at the end of first year, we didn't move in until september. Then in October our property shop wrote to us to say if we wanted the house for another year, we'd have to re-sign a contract by the end of october or they'd put it back on the market. We'd only lived there a month!
Being busy and stressed at the start of second year we all thought we might as well just sign for another year. But once we'd lived in it for a while, got talking to other students and visited our friends houses, I don't feel like we got the value for money we thought we did, especially not with bills on top. The house has turned out not to be so wonderful in one or two respects, like being so cold that we have permenant mould problems. To make things seem worse loads of my friends seem to have houses just as nice or better for the same money or less, some even closer to uni

I often wish now that we'd shopped around a bit more, or at least waited til we'd really lived in the house til we decided we wanted to stay! You wouldn't just buy the first pair of shoes you saw without trying them on now would you?!