Velocity Tower Sheffield

Investment overview

A stand-out project with huge growth potential in one of the UK’s strongest investment cities, Velocity Tower was acquired with the vision to elevate the standard of urban living in Sheffield city centre.

Just a 10-minute walk to both universities and all the city’s amenities, Velocity Tower’s tier one location, brand new refurbishment and new management processes, make it one of the most high demand residential hotspots in the city.

As part of our mission to deliver the best UK property investments, Select Property brings you this opportunity through our long-standing partnership with renowned international developer, Select Group – a trusted partner since 2004.

Velocity Tower’s strong capital growth projections, proven sales track record, and market-leading rental yields, make it an attractive option for clients looking to diversify their portfolios in 2024.

Property features and amenities

21 Storeys
Prime location in Sheffield city centre
Market-leading amenity
20% capital growth predicted
169 apartments (Studio, one & two beds)
Projected Yield: 7% gross
10-minute walk to University of Sheffield
Completing Now
Developer: Select Group

Location overview

Velocity Tower Sheffield location

As one of the greenest cities in Europe, with over two million trees, 250 parks and the nearby Peak District, Sheffield is a popular choice for renters seeking a mix of nature and vibrant city life. Voted the second best city break destination in Europe 2024 by TimeOut, Sheffield’s food, drink, arts and culture offering attracts over 15 million tourists a year, and is regarded as one of the safest cities in the UK.

With two major universities including the University of Sheffield (Russell Group), the city is home to 67,000 students and has a 42% graduate retention rate.

Once renowned as the centre of steel manufacturing, modern-day Sheffield has developed into a metropolis of opportunities with an ever-increasing population of young professionals and businesses. Over 6,000 people join Sheffield’s city population every year, many of them looking for high quality rental accommodation.

From its prestigious universities and entrepreneurial structure, to the vibrant art and music scene, the northern city of Sheffield boasts a seamless mix of urban living underpinned by its rich industrial past.

As a top university city, 15,000 students graduate from Sheffield’s universities every year. Of those 15,000 graduates, 42% choose to stay in Sheffield to start their careers, and the majority rent their homes.

Rents in Sheffield were up by 9% annually in 2022 according to JLL, driven by the supply and demand imbalance of city centre rental homes. With a comparatively low capital entry point and strong growth projections over the next five years, Sheffield is one of the best investment choices you can make in 2024 and beyond.

Ranked as the UK’s second fastest-growing city economy with a growth rate of 12.4%, Sheffield’s economy is developing three times faster than London (Data City, 2023).

TimeOut has voted Sheffield as the 2nd best city-break destination in Europe 2024, attracting attention from international investors. More than 15 million people visited Sheffield in 2022, bringing an estimated £1.35billion boost to the city’s economy.

This South Yorkshire university city is one of the most thriving cities in the country, boasting award-winning restaurants, quintessentially British pubs, art galleries, shops with major brands, independent businesses, parks, and a whole lot more.

Its 250 parks create an outdoor lifestyle of wellbeing and balance for its residents, attracting young professionals, couples, and families of all ages. Also a city renowned for its music scene as the birthplace of iconic bands, Arctic Monkeys, The Human League and Def Leppard, Sheffield fosters musical talent across the board.

Located on the inner ring road, car and taxi accessibility to and from Velocity Tower couldn’t be better for residents. Also well connected by rail, Sheffield is just 52 minutes to Manchester; and 1 hour and 4 minutes to Birmingham – an ideally located hub in the middle of two key commuter and business hotspots.

Within walking distance to city centre amenities, entertainment, and food & drink hotspots, residents are well connected without relying on transport links.

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Enquire now and gain access to our detailed brochure and investment guide to Velocity Tower, Sheffield.

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