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For Sale 1 Bedroom 1 Bathroom 1 Reception From £63,500

Priestley Street, Sheffield, S2 - From £63,500

  • Investment Opportunity
  • Units from £63,500
  • 8% ROI
  • Purpose Built Student Accomodation
  • Close to City Centre and Universities

Royal Riverside | Purpose Built Student Accomodation

Nu:Move are proud to present Royal Riverside, a purpose built student accomodation development located close to the heart of Sheffield City Centre. This is an investment opportunity where investors can expect a yield of 8% Return on Investment per annum. Units start from only £63,500.

Royal riverside boasts security and luxury student accomodation which provides a lucrative investment as more and more students are primarily concerned about safety and convenience of their accomodation. Royal Riverside is conveniently located within a 10 minute walk of Sheffield Hallam University, The City Centre and also Sheffield Railway Station. The £65 million new Chinatown development to be completed in 2018 will entice International Students to the development, and is only an 8 minute walk away from Royal Riverside.

Why invest in Sheffield? Sheffield's economy has significantly transformed over the last 20 years, with substantial improvement across various economic indicators. New employment opportunities and businesses have been created, the two Universities have considerably increases both student numbers and capital investment, and the city's image has been reshaped through high profile investment. The Sheffield City Region is at the forefront of the UK's industrial and entrepreneurial development. With an economy larger than some European countries, the Sheffield City region is a significant financial power. The area is home to almost 1.8 million people, 55,000 businesses and has an output of more than £24.7 billion per year.

The student and young professional property market continues to provide stable and lucrative returns and investor appetite has shown no decrease, with over £2 billion invested in the sector in 2013. Demand for University places in the UK remains strong, at the same time there is a shortage of purpose built student accommodation and many turn to the private sector. This shortage ensure that rental values remain high. Data from the National Union of Students shows that rents for purpose-built accommodation continues to rise above the level of inflation, increasing by 53% since 2006. International students drive the demand for purpose built student accommodation and there is no cap on the number of international students permitted to UK study, the number of international students is expected to increase by 15-20%.

Availability:

* Studio - from £63,500

* Deluxe - from £71,500 ...Read Less

The Stamp Duty for this property would be £0    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above 125,000 and up to 250,000 2 £ 0
Above 250,000 and up to 925,000 5 £0
Above 925,000 and up to 1,500,000 10 £0
Above 1,500,000+ 12> £ 0
*This is for illustrative purposes only

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