16 November 2017
16 November 2017,
 0

Sheffield is a thriving city with over half a million residents – of which over 60,000 are students. As such, renting to the student population is a profitable business; offering landlords the chance to generate great returns.

If you’re searching for buy-to-let property for sale in Sheffield, and you want to attract student tenants, here is some useful information.

Why Invest in Property in Sheffield?

In addition to a huge student population, Sheffield has plenty on offer for investors. Property prices, whilst still affordable at present, look set to climb steadily in the future, which means excellent returns from capital growth in the future.

Additionally, Sheffield’s tenant market is thriving, and rental yields are among the highest in the country in certain postcodes. This means, if you invest in the right area, you’re likely to enjoy good monthly income too.

Where in Sheffield?

If you want to attract students to your buy-to-let property, here are a few places worth considering.

  • The city centre. Sheffield’s city centre is a magnet for students, as it contains many of the city’s entertainment venues, restaurants, pubs and amenities. While not the most popular ‘student’ area, it’s worthwhile considering properties in this location, as they’re usually snapped up quickly by tenants.

 

  • The Broomhill area. Broomhill is close to the University of Sheffield’s campus, which means it’s always sought-after by student tenants. The city centre is only a mile away, and is easily reached by bus, plus there are plenty of shops and other amenities in the vicinity.

 

  • Around Ranmoor. Ranmoor properties are usually more expensive, and when you visit the area, it’s not hard to see why. It’s a leafy, tranquil location, with plenty of substantial properties – and if you’re looking to attract higher paying students (particularly international students), you may want to seriously consider the properties here.

 

  • Ecclesall Road. Ecclesall Road has a huge student population, who love the area’s quirky, independent atmosphere. It’s easy to reach the universities from here, and there are plenty of bars, eateries and shops nearby, which cater well for students.

 

  • The Crookes Area. Crookes is also close to the University of Sheffield, and is ideal for landlords searching for period buy-to-let property for sale; for example, Victorian or Edwardian terraces that have been converted into HMOs.

How to Invest in Property in Sheffield

It’s a good idea, if possible, to visit the city in person, to get a feel for the areas you’re interested in, and to learn more about the local property market.

If you’re new to UK property investment, it’s also worthwhile to seek out professional support; for example, the assistance of a property investment agent, who will be able to guide your search and support your purchase. Attending property seminars can also be useful, as they provide excellent insight into the property investment process.

The Buy2Let Shop

If you’re looking for property investment agents to help you grow your portfolio, talk to The Buy2Let Shop. We’ve got expert knowledge of Sheffield, not to mention all other areas of the UK, and we’ll help you find the right buy-to-let property for sale, at the perfect price for your budget.

To find out more, simply visit The Buy2Let Shop website today.

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