1 Bedroom Studio For Sale in Loxley - Fixed Price £62,500

Living Room
Kitchen/Living Room
Kitchen/Dining Room
Living Room
Kitchen/Living Room
Kitchen/Dining Room

Prices start from £62,500

Boutique student residence

Aimed Completion ready for the 2018/19 student year

First year rent assurance of 9.2% gross

En-suite student rooms with fitted furniture

Communal lounges, kitchens and common areas

Arranged over 7 floors in clusters of 2,5 and 6

Close to Metro station, local shops and main roads

CCTV & entry phone system

Close to City Centre & Universities

Red Rooves Limited are pleased to offer to the market this new, ready to go investment opportunity of student accommodation located in Sheffield.

Over the last 15 years, the student accommodation sector has seen a rise in demand to coincide with a rise in applicants to university. UCAS figures show that in the past 12 months there has been a rise of 5.1% to nearly 600,000 applicants for the 2018/2019 academic year. The reason for this rise is likely due to an increasing number of applicants per job listing. This in turn requires those seeking the best jobs to better their chances of employment by attending university, sooner rather than later since the rise of tuition fees 2012.
In 2018, most UK higher education institutions will charge the maximum £9,000pa fee. This fee will be repayable only once the individual starts to earn following their university degree. This means that, unlike the current system whereby individuals are required to pay for their tuition via student loan or during their education, student loans can be put toward accommodation and living costs. This gives greater scope for higher standards of accommodation, giving an advantage to private landlords and other providers of private accommodation, who can offer better standards of living.
Many university-provided halls of residences cannot provide the standards a student may be used to at home, so new students are able to take advantage of a delayed tuition fee repayment and put the money towards a better standard of living.
Demand for accommodation is rising as the universities are handing over responsibility of their housing services to private management companies such as CRM Students. CRM Students is the UK's leading independent manager of student accommodation and operates purpose-built sites in major university cities such as Nottingham, Preston, Cambridge, Leeds, Salford and Sheffield.

'Boutique' student accommodation is a phrase coined to represent accommodation for the discerning student who does not want to compromise on standards of living while at university.
The end user varies but represents a bias towards the affluent, international, postgraduate or mature student. With the move towards post-pay university education and £9,000 fees, in the short-medium term there has been a significant rise in demand for 'boutique' student accommodation.
Historically, student accommodation has been provided by privately owned three/ four-bedroom houses or by student halls, neither of which maintain the standard of living many new/returning students are accustomed to.

In this completed development there are over 80 rooms with en-suite bathrooms arranged over 7 floors in clusters of 2,5 and 6. All apartments are completed to a high standard and have fully fitted furniture and are ready to rent. These are already largely let out for the 2018/19 intake. There are communal lounges, kitchens and gardens as well as bin and bike storage facilities.

What's included:
* Student rooms with en-suite shower room
* Built in bed, cupboard, shelving and desk
* State of the art shared kitchens and lounges
* Lounge areas with TV, dining tables and Juliet balcony
* Laundry facilities
* High speed internet
* CCTV and entry phone system
* Close to City Centre and the Universities

Sheffield has one of the largest student populations in the UK. It has several Universities and language schools and the City has had vast infrastructure investment in the last five years. Sheffield's Universities are consistently in the top 20 University Cities in the UK and there is currently an undersupply of quality, bespoke student accommodation. Sheffield has many attractions and facilities as well as great shopping and nightlife. There is good travel links throughout Sheffield as well as the tram system and this development is close to a metro link.

Simple three step purchasing process:
1. Select your unit, pay deposit of £2,500 (non-refundable) and fill out reservation form
2. Instruct solicitor
3. Exchange of contracts and completion within 28 days

Important Notice to Purchasers:
* We endeavour to make our sales fair, accurate and reliable but these are only a general guide and they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or facts. We do not guarantee or test any services, systems or appliances listed in the specification as to their operating or efficiency ability, we therefore strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase. All measurements that are stated are only intended as guidance only and are not precise, you should therefore verify the dimensions carefully before ordering any built-in furniture, carpets or laminates.
* Intending purchasers please note that you will be asked to produce some identification documentation at a later stage as part of the anti-money laundering regulations, we therefore please ask for your co-operation in this matter so that there will be no delays in agreeing a sale for the property.
* The information issued is in good faith but does not constitute representations of fact or form part of any offer or contract. The matters referred to in this article should be independently verified by prospective buyers. Neither Red Rooves Limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property. Your home is at risk if you do not keep up repayments on a mortgage or other loans secured against it.
* We make no representation or warranty of any kind with regards to the information contained in this article and none of the information should be treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before deciding to invest. Any opinions expressed in this article are not statements of fact.

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Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.