Student Accommodation in Sheffield – Market Insight
Home to two of the largest universities in the UK, Sheffield has a thriving student population of over 63,000 students, making it an ideal location for investors who are looking to add a quality asset to their portfolio.
With 70% of students in Sheffield having no access to dedicated university accommodation, demand in the city for quality, high specification student accommodation is greater than ever. The past five years has seen a 30% uplift in the number of students applying from overseas, bringing a huge economic boost to the city.
It’s estimated that every year, seven applicants vie for each university place available in Sheffield, thanks to the prestigious reputations of both the University of Sheffield and Sheffield Hallam.
University of Sheffield
With over 30,000 students, this prestigious Russell Group university is ranked 12th in the UK, and 75th in the world. It received its Royal Charter in 1905 and has since established itself as a leading research university in the UK.
In addition to its excellent educational reputation, the University of Sheffield is consistently rated number one for student experience, making it an extremely attractive place to study.
It’s Advanced Manufacturing Research Centre is a partnership with 75 companies, bringing together the expertise and technological innovation of the world’s leading aerospace companies with the world-class research of the university’s Faculty of Engineering.
The University’s excellent reputation attracts students from across the globe, and 29% of University of Sheffield students come from more than 120 countries outside of the UK.
Founded in 1843, Sheffield Hallam was originally founded to provide skilled designers to support industry, since then the university has grown to become of the largest modern universities in the United Kingdom.
The university offers 19,000 student work placements every year with worldwide organisations like Nestle, Sony and Rolls-Royce, as well as the NHS and local businesses, and is famed for ensuring that graduates are placed into work, with 93% of graduates in employment or further study within 6 months of graduation.
Purpose Built Student Accommodation in Sheffield
With students clamouring for places at Sheffield Universities, the demand for high specification, well maintained accommodation is strong. Over 70% of students studying in the city are not able to secure University accommodation but wish to live in an environment which is geared towards student lifestyle, as opposed to badly maintained shared accommodation.
Overseas students are attracted to purpose built student accommodation as they may lack the ability to view the property prior to letting, and therefore want assurances that the property which they let is of an excellent standard and managed by a reputable provider.
Location is also a key factor for those seeking accommodation, with locations within walking distance of campus, and the city centre preferred.
Benoit Properties are pleased to bring the market Allen Street Sheffield, a development of luxury student property within walking distance of both universities and the city centre.