Sheffield has a growing need for student accommodation making it a desirable area for buy-to-let investment property.
Sheffield is a vibrant and popular destination for students, home to several universities and colleges. Sheffield Hallam University is one of the largest in the UK, with more than 30,000 students.The University of Sheffield is of a similar size and ranks as one of the top 50 global universities by Times Higher Education. It is the 96th best in the world according to the QS World University Rankings 2023.
The University of Sheffield is known as one of the most diverse in the UK, with 41% of its student base being made up of international students. This means that fewer Sheffield students live with parents, instead opting for university accommodation, or private student rental properties. Demand for rental property is at an all time high, drawing investors to the area.
Here are some key points about the student population in Sheffield:
Universities: Sheffield is known for its two major universities: the University of Sheffield and Sheffield Hallam University. These institutions attract a large number of students from both the UK and around the world. The University of Sheffield is a prestigious research-intensive university, while Sheffield Hallam University offers a wide range of academic programs, including vocational courses.
Student Numbers: Sheffield has a significant student population. As of the 2020/2021 academic year, the University of Sheffield had approximately 31,000 students, while Sheffield Hallam University had around 30,000 students. These numbers include both undergraduate and postgraduate students.
International Students: Sheffield is an attractive destination for international students. The city’s universities have a diverse student body, with students from various countries studying a wide range of disciplines. The presence of international students adds to the cultural diversity of the city and contributes to its cosmopolitan atmosphere.
Student Accommodation: Sheffield has a range of student accommodation options, including university-owned halls of residence, private student residences, and private rented accommodation. The city has seen an increase in purpose-built student accommodation developments to cater to the growing student population.
Student Facilities and Services: Sheffield offers a variety of facilities and services tailored to the needs of students. The universities provide libraries, study spaces, sports facilities, student unions, career services, and student support services. Additionally, the city has amenities such as student-friendly shopping areas, cafes, restaurants, and entertainment venues.
Student Societies and Activities: Sheffield has a vibrant student life, with a wide range of societies, clubs, and activities available for students to participate in. The universities have numerous student-run societies covering a diverse range of interests, including sports, arts, culture, and academic disciplines. These societies provide opportunities for socialising, pursuing hobbies, and developing new skills.
Impact on the City: The student population has a significant impact on the city’s economy, culture, and community. Students contribute to the local economy through their spending on accommodation, food, leisure activities, and retail. They also engage in volunteering, community initiatives, and cultural events, enriching the city’s social fabric.
Graduate Retention: Sheffield aims to retain graduates and develop a skilled workforce. The city actively supports graduate retention initiatives by fostering connections between students and local businesses, promoting graduate employment opportunities, and encouraging entrepreneurship and startup ventures.
Sheffield’s student population plays a vital role in shaping the city’s dynamic and diverse character. The universities and student-focused amenities contribute to a vibrant academic and social environment, making Sheffield an attractive destination for students seeking a high-quality education and an enriching student experience.