Following unanimous approval from Sheffield City Council’s planning committee, Great Central is the latest new development from Knight Knox. Located in Sheffield, one of the UKs strongest emerging property markets, this off-plan scheme looks to provide high quality rental apartments to an area sorely lacking in such housing.
Comprised of 131 high-end apartments, Great Central will be nine storeys high and the design includes a mixture of studio, one bedroom, two bedroom and three bedroom apartments, each to be fully furnished with a modern finish. The development will also boast parking on selected units as well as secure bicycle storage for all residents. Situated just a short walk to Sheffield city centre and close to the stylish Kelham Island district, Great Central is perfectly placed to appeal to the large number of working professionals living in the city.
Sheffield is enjoying the beginning of a big property boom in the city centre. Sheffield Council planners posted record numbers in 2017, considering approximately 700 proposed schemes. The Council’s eagerness to nurture local business, infrastructure and education, has seen the Sheffield regional economy perform above the UK average, with economic growth of almost 2% recorded year-on-year over the last decade according to the State of Sheffield 2017 report.
A popular destination for students, Sheffield has two world class universities and a student population of over 60,000. The latest figures from the University of Sheffield indicate that more than 25% of graduates choose to remain in the city annually. These graduates are fundamental to the future of the region, bringing with them new innovations, a fresh perspective and a constant stream of new talent and business.
In addition, a new study from CV-Library places Sheffield as one of the best places to look for work in the UK, with the total number of jobs vacancies in the city up 18.9% year-on-year. The report also illustrates that salaries rose by 12.1% over the same period, showing why Sheffield is on the map for many graduates and young adults.
Demand from renters and buyers alike has already resulted in a 29% house price increase in the last five years according to Zoopla, and rents are also predicted to rise by up to 22% in the next five years. There is certainly an argument to say that Sheffield is set to be the UK’s next big property market, following in the footsteps of Manchester which has already experienced a housing boom.
Apartments at Great Central start from £110,000, with just a £5,000 reservation deposit required to reserve your perfect investment property. With the future of Sheffield looking extremely bright, now is a fantastic time to get one step ahead and invest. For more information, please click here >>