Ensuite apartment 707 Seventh floor, Nurtur Student Living

British Pound 84,000

Ensuite apartment 707 Seventh floor, Nurtur Student Living Ensuite apartment 707 Seventh floor, Nurtur Student Living Ensuite apartment 707 Seventh floor, Nurtur Student Living Ensuite apartment 707 Seventh floor, Nurtur Student Living Ensuite apartment 707 Seventh floor, Nurtur Student Living Ensuite apartment 707 Seventh floor, Nurtur Student Living
Property details

Why Student Accommodation

  • Over £4bn invested in Purpose built student accommodation in 2017
  • Currently 2.3m students in higher eduction in the UK>
  • In 2018 649,000 new students applied to UK Universities.

Why Sheffield

  • Over 60,000 students studying in the City
  • The university of Sheffields Student Union is ranked number 1 in the UK
  • The Uk's safest major city.
  • One of the most affordable UK University cities

Why Nurtur/h3>

  • 21m2 standard apartment size
  • Ensuite Studio Apartments
  • 8% net rental income - assured for 5 years/li>
  • 4% Interest on deposited funds
  • Staged payments to completion

Nurtur sets a new standard for Student Accommodation in Sheffield. The entire development is being designed and built to provide a both a higher standard of accommodation and well being.

Sheffield has a recognized shortage of high quality rental accommodation, and the addition of 289 fully contained studio apartments will help to meet this need. It is expected that property house prices in Sheffield will rise significantly in the next five years so this represents a perfect time to invest in this UK city.

Nurtur is less than 1 mile from the city centre and the lively and trendy Kelham Island district. The development is perfectly located to services students from both of the city's universities.

Nurtur is unique in its focus on well being and health, offering students a home away from home. The communal facilities will feature kitchen and dining facilities for those who wish to eat out of their studios, whilst the Connect social hub offers a great place for people to unwind and relax. In addition students will be able to use the state of the art gym and the calm room - an oasis of calm to enjoy pilates, yoga and mindfulness.

Purpose Built Student Accommodation (PBSA) can offer lucrative investment returns. While many assets in alternative industry sectors are under performing, PBSA has grown into one of the top performing assets in the UK over the last ten years, according to Savills.

With 649,700 new students applying to UK universities in 2017, the need for Purpose Built Student Accommodation (PBSA) is vast. The globally growing interest in studying at the UK’s higher education institutions has made investment in student accommodation big business, so much so that it is becoming a real contender to residential property investment.

There remains a huge imbalance between supply and demand of student accommodation. Last year the Financial Times reported that there were 3.5 students for every available room, highlighting the huge imbalance and growing need for high-quality rental accommodation in the sector.

With attractive entry prices, impressive yields and low void periods, more and more investors are looking at buy-to-let student accommodation as a sustainable and lucrative alternative to residential property.

The financial times estimates that there are 3.5 students for every available room in the UK.

About the Developer

The developer has extensive experience in high end residential property, purpose built student accommodation and mixed use commercial projects across the UK.

The have delivered a range of schemes on time including 191 apartments in a similar development

Sheffield is the city of steel, with its roots in the industrial revolution and specialised production. The city is at the heart of the Northern Powerhouse, and is regarded as one of the most metropolitan cities in Yorkshire. Home to 560,000 people , with a further 1.8m people leaving in the greater Sheffield area, the city has witnessed a number of regeneration projects in recent years which have improved retail, accommodation and infrastructure in the city.

As a key city in the northern powerhouse, further investment is planned which will further drive growth in the city and a rise in property prices.

Sheffield is home to two highly regarded universities, including The University of Sheffield, which is the 12th ranked university in the UK. The university is a Russell Group university and is renowned for the quality of the teaching and research.

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. The university has invested £100m in facilities in the last five years alone.

In addition the Sheffield Teaching Hospitals NHS Foundation Trust is the largest of the United Kingdom's current 152 NHS Foundation Trusts. The Trusts trains nurses and doctors who will be able to take up residence in Nurtur from 2020.

Sheffield is regarded as England's safest major city, and is also in the top ten of affordable UK University cities.

Location map:

Student Accommodation
1 Bedroom
1 Bathroom

Property summary

  • 289 fully furnished self contained studios
  • Experienced developer and contractor
  • 4% Interest on deposited funds
  • Completion in 2020
  • 8% Net Rental Income
  • 5 years assured rental income
  • Stage payments to completion