NEW LAUNCH: NEW BANK HOUSE, SHEFFIELD £64,995
New Bank House is a new conversion project situated in the heart of Sheffield, set to be finished September 2015. The residence will consist of 178 large, contemporary student apartments.
New Bank House, a bespoke student accommodation development, is perfect for any property portfolio, offering impressive NET rental yields of circa 8%, assured for 2 years.
The best part of the new development, are the wonderful apartments themselves. Each one of them consists of a study space, a bathroom as well as a fully fitted kitchen, all of which are furnished to the highest standards, to accommodate the needs of the modern student. Furthermore students can make use of on-site laundry facilities and secure bike storage. In addition, the development comprises communal areas such as a TV/cinema room, a communal lounge for students to relax, a gymnasium and an entertainment lounge accessible by all residents.
Its location, Sheffield, presents itself as the perfect opportunity for anyone looking to invest into the high yielding UK student accommodation market. The market situation here is ever-improving; it is repeatedly voted one of the best university spots in the UK and ranked highly by global real estate agency Savills, in regards to its potential for future developments.
The development itself is less than 0.5 miles away from both the Hallam University and the University of Sheffield. Additionally, students will benefit of the city centre location, as they are only minutes away from Sheffield’s exciting city life with its diverse bars, shopping outlets and restaurants.
- Step 1: Reservation form and deposit payable
- Step 2: Solicitor instructed, legals and sales pack sent out
- Step 3: WIthin 21 days, exchange of contracts with the balance of 50%
- Step 4: Remaining balance due upon completion (50%)
Location & Information
- Bedrooms: 72
- Tenure: Leasehold
Student Property Report
Knight Frank's Property Report 2014: an insight into the value of Student Property.