With a prime location in the trendy Kelham Island, Cornwall Works Phase 2 will consist of 48 well appointed studio and One bedroom apartments. With Phase 1 currently 100% occupied, Phase 2 will support the growing rental market seen in Sheffield. Cornwall Works, located in the historic and beautiful Kelham Island 'urban village' of Sheffield, is the latest project from seasoned developers, Firestone.
Sheffield is an economic powerhouse in the north of England, attracting businesses globally with a high employment rate, and excellent accessibility and connectivity. Around 2.1 million people live within a 60 minute commute of the city where growing key sectors include the creative and digital industries, low-carbon, and healthcare technologies.
The city centre has undergone a radical transformation in recent years and offers a vibrant and cosmopolitan experience that rivals any European city. Over 65,000 students study at Sheffield's two universities, including more than 7,000 international students. The city recently topped a list of university towns and cities that could benefit from more student accommodation: The universities are only able to provide 11,369 bedrooms to more than 46,890 full-time students, leaving a massive 76% looking for accommodation in the private rented sector.
The naturally growing population and international student growth are key driving forces behind demand for quality purpose-built accommodation and, with no cap on the numbers who can study in the UK, Knight Frank forecasts this amount will increase by 15-20% over the next five years.
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