Price :Starting from £ 56.000
Rental Yield :8% net for 3 years
Completion Date :Q3 2020
Deposit Interest :-
Tenure :3 years
Developer :Wilton Student Developments (Egerton) Limited
Brand New Student Accommodation in the heart of Sheffield. 8% income assured for 3 years and delivered in August of this year for the 20/21 student intake. Purpose Built Student Accommodation (PBSA) can offer very lucrative investment returns due its continued growing demand in key University cities and its robust nature (remains unaffected by changes in the general housing sector). Due to its intensive management properties are seldom void and well maintained, creating the perfect armchair investment!
Units are arranged within apartments consisting of between 3 to 6 separate en-suite bedrooms, ranging range from 13m2 - 22m2 and self-contained studios. The shared communal areas in each cluster apartment come equipped with a fully fitted kitchen with microwave, oven and hob with built in extraction system, lounge area with sofas and flat screen television, fridge freezer, breakfast bar and additional seating. Each room and studio unit also comes with double bed, fitted wardrobes, shelving and drawers, en-suite shower room with vanity sink unit and toilet, workstation study area, carpets, blinds, lighting and high-speed internet.
Facilities include reception area and lobby with seating, cycle store, laundry area, onsite management, social room, gym, CCTV on all floors, garden and terrace area, mail room, lifts to all floors, security access to each building and floor.
Sheffield is the city of steel, with its roots in the industrial revolution and specialised production. Now considered one of the northern economic powerhouses, it’s a thriving hub with a population of 560,000 people. The metropolitan district of Sheffield is much larger, with more than 1.8 million people living in the surrounds of the city.
Sheffield is home to over 60,000 students across its two universities, contributing to 10% of the city’s population being aged 20-24.
The University of Sheffield currently ranks 14th in the UK and 117th in the world (2020 Times Higher Education), and is home to the best student union in the UK, as voted by The Sunday Times.
A member of the Russell Group of leading UK research universities, its outstanding performance for excellent teaching and research, as part of a genuinely global community, is consistently confirmed by international independent assessments.
Also located in the heart of the city is Sheffield Hallam University, one of the top five modern universities in the UK for research (Research Excellence Framework) and one of the biggest universities in the country, with over 33,000 enrolments each year.