Additionally, the university as a result of the reforms has increased the number of offers they’ve made by the same amount (4%) ensuring that Sheffield’s 60,000 strong student population will receive a further boost at the start of the academic year.
This is the second year on the bounce where applications and admissions have risen at the university, meaning that in the last two years the number of students applying to join the university have increased by 20%.
Last year, applications rose sharply by 16% with 35,200 students applying to join the University of Sheffield. This represented a surge in popularity across the city, with the neighbouring Sheffield Hallam University receiving 36,500 applications for 9,000 undergraduate places.
This year’s rise in admissions comes just months after the University of Sheffield was voted as providing the best student experience throughout the UK in the 2014 Times Higher Education Student Experience in May.
The university also received another accolade this week when its’ student union was voted as the best in the UK for the third year running in the National Student Survey 2014.
Despite being named the nation’s best student union for a number of years, the building underwent a £20 million state-of-the-art refurbishment last year which ensured it retained its’ title. This year, the union was awarded a 94% overall satisfaction rate up 1% from last year’s results.
Although this is positive news for Sheffield, this boost in student numbers will place further strain on the housing market. Currently, the city’s main universities provide just 10,000 university owned beds for a student population of over 60,000 and with the number of students set to grow demand will be high for each and every room.
In response to this added strain, Knight Knox International launched Sovereign House at the end of July. City-planners who are aware of the shortage have already given the 178 studio block planning permission and it is expected to be complete by July 2015.
With an assured rental yield of circa 8.35% for the first two years, this is an exciting investment opportunity with apartments available from a starting price of just £59,995.
For more information about Sovereign House please contact the Knight Knox International sales team on 0161 772 1370.