New Release: Sovereign House Dual-Use Studios & Apartments Located in Sheffield City Centre, Providing Investors with 8.35% Net Rental Income
Sovereign House is a luxury residential development in the heart of Sheffield. This development consists of a selection of beautifully renovated studios and 1-bedroom apartments, each furnished to the highest of standards. Sovereign House is due for completion in time for the September 2015 intake of students.
Sovereign House is located less than half a mile from both the University of Sheffield and Sheffield Hallam. This ideal location caters to all students who want to live in the heart of the thriving city as it is minutes away from shops, restaurants and bars.
- Sovereign House – Sheffield City Centre
- 8.35% Net Rental
- Completion for Sept 2015 Intake
- Managed by Experience Management Company
- Student Property Investment Sheffield
- Prices from £59,995
- TV/Cinema Room
- Entertainment Lounge
- Laundry Room
- Secure Bicycle Storage
- Coffee & Juice Bar
- Games Room
- Sheffield University & The Uni of Sheffield Jessops – 7 Minute Walk
- Sheffield Hallam Uni & Sheffield International College – 8 Minute Walk
- Millennium Museum – 4 Minute Walk
- Crucible Theatre – 5 Minute Walk
- London – 3 Hrs 29 Minute Drive
Sheffield Student Market
As a city, Sheffield has moved on from being known as the steel capital of the world. It is now regarded for its friendly atmosphere and low crime statistics, its strong economy and high employment rates. Having gone through an extensive redevelopment over the past decade and a half, its GVA increased by over 60% from 1997 to 2007 to £9.2billion and is still on the rise.
Yet Sheffield also caters for an impressive amount of foreign students. Out of a grand total of 63,000, the University of Sheffield and Sheffield Hallam educate over 11,000 international students, which according to the University of Sheffield are worth £120m per year to the local economy.
Student Property Market
LSL estimated that an investor in student accommodation can expect, on average, over 7% as a rental yield. This figure shows no signs of decreasing anytime soon. In fact, according to Knight Frank “2014 will see increased rental growth, sharpening yields and improved investment performance for existing funds.”
The longevity of student accommodation has already been proven by its success during the economic downturn.
It has produced positive rental growth. With UCAS applications and acceptances increasing every year, more students are leaving for university but not having anywhere to live.