Sheffield must stand as one of the most promising property investment markets in the UK today. That’s why we have just launched our new Sheffield City Apartments, offering a purpose-designed residential development suited for young professionals and small families.
The development is just under a mile North West of the City Centre within the Philadelphia District, an area offering a range of amenities, historical sites and attractions. The eastern edge of the Peak District National Park is only 12 minutes away by car and a 4.3 mile takes you to beautiful countryside.
Scheduled for completion in Q2 2023, the Sheffield City apartments will comprise five studio apartments, 48 single-bedroomed apartments and eight two-bedroom apartments built over five stories, all under an elegant roof-top terrace. The apartments will be styled by professional interior designers to create a modern and comfortable setting, while also being well equipped for contemporary living.
Key Investment Highlights
Prices from £170,000
Optional 8% rental assurance for 10 years
Projected 30% capital growth over the next 5 years
Completion date Q3 2023
Experienced developer with over 18 years of development experience
Projected rental increase to be in excess of 17% on today’s rates by 2025
The City – Key Points
The city’s growing economy was on an upward trajectory prior to the pandemic and recorded a net gain of around 15,000 private jobs in 2019. This is set to continue post-pandemic.
Manchester and Leeds are both around 60 minutes away by car, and there are four international airports also within around half an hours’ drive of Sheffield.
The population is predicted to increase considerably over the next 20 years to reach around 650,000 living in the city.
According to Zoopla, over the past 5 years, average prices in Sheffield have increased by an impressive 18.95% and the outlook for the price growth is exciting. The latest residential property price predictions from Savills forecast that property prices in Yorkshire and The Humber will increase by 28.2% by 2025.
This forecast of almost 30% growth over the next 5 years is one of the strongest predictions for any region in the UK.