Boasting a student population of full and part time students of over 60,000, Sheffield is home to 2 large universities, 2 colleges of further education and is one of the UK’s largest University Cities.
With such a large student population, it is no surprise that Sheffield is one of the UK’s most popular locations for higher education.
Sheffield is the UK’s 4th largest city and is a sought-after hub of education. Following the 2011 Census, Sheffield’s total population increased by 38,700 between 2001 and 2011.The City’s population is forecast to continue to grow due to greater life expectancy, high birth rates and increased in-migration.
Undersupply of accommodation
A rising population, especially in the student demographic, has put a strain on the City’s property market.
A recent report from property specialists Savills say that a massive 3,971 homes in Sheffield could return to family use if students swapped shared houses for purpose-built student accommodation, alleviating the current housing shortage for families. This would result in a significant rise in the demand for high quality student accommodation in the city.
What’s more, with only 11,369 bedrooms for 48,630 full time students, a massive 76.6% of students are left looking elsewhere for suitable accommodation in Sheffield.
New student accommodation development in Sheffield’s city centre
To answer to the demand for purpose-built student property, Experience Invest has launched a brand-new student property development in Sheffield’s city centre. The investment will provide investors with a minimum of 8% NET per annum assured for the first 5 years.
The project is designed as a purpose-built student development that features modern en-suite rooms which will arranged in apartments of 3-6 units, each sharing a deluxe communal area complete with top of the range kitchen, dining area and lounge.
With a wealth of experience in the student property sector, the accommodation will be fully managed by Urban Student Life.
The development boasts an excellent central location, with two universities only a 10 minute walk away and the city centre on its door step. All amenities, shopping and entertainment are also just moments away.
Due to its close proximity to the universities, its modern facilities and spacious rooms, this development will be a popular choice for student studying in the city.
Rooms within this new UK student property investment are selling fast. To ensure that you don’t miss out on this new student property investment, contact Experience Invest on +44 (0)207 321 5858, email firstname.lastname@example.org or visit experienceinvest.com for more information or to request your complimentary brochure.