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Lot ibtuk / ers 071025

121-Bed Student Accomm in Huddersfield HD1

Guide price £ 16,000,000

Type of Sale

Private Treaty sale under Auction Contract

Key Features

  • £2 m+ tax reclaims (VAT & capital allowances)
  • 5-minute walk to University of Huddersfield (17 000+ students)
  • 94 94 Large private studios (121 beds)
  • Delivered 2022 – institutional-grade finishes
  • Freehold title
  • Fully let for FY23 & FY24; oversubscribed for FY25
  • Gross rent c. £1.2 m; NOI c. £1.08 m
  • NDA & EOI required; 3% sourcing fee
  • premium services
  • Strong supply–demand imbalance; rental demand ↑26% (2020–21)
  • Upside NOI potential of £300 k p.a. via vending
  • Hot

Property for sale A modern, multi-story office building with large windows and "CO-OPERATIVE" signs is illuminated at dusk in Huddersfield HD1, as cars pass by. To the left stands an ornate historic clock tower, near new 121-bed student accommodation Huddersfield offers. Presented by Palace Auctions
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Property for sale A modern, multi-story office building with large windows and "CO-OPERATIVE" signs is illuminated at dusk in Huddersfield HD1, as cars pass by. To the left stands an ornate historic clock tower, near new 121-bed student accommodation Huddersfield offers. Presented by Palace Auctions
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Description

Key Takeaways:

  • Freehold PBSA: 94 large studios (121 lettable beds), high-spec, built 2022
  • Income Profile: Gross £1.2 m; Current NOI £1.08 m; Upside NOI £1.38 m (+£300k)
  • Guide Price: £16 000 000+ (6.75% current yield; 8.62% post-uplift yield)
  • Location: 5-minute walk to University of Huddersfield and town centre
  • Tax Benefits: Up to £2 m VAT reclaim & capital allowances cash-back available

 

Guide Price

£16,000,000+

Features

  • 94 large private studios (121 beds)
  • Delivered 2022 – institutional-grade finishes
  • Fully let for FY23 & FY24; oversubscribed for FY25
  • Gross rent c. £1.2 m; NOI c. £1.08 m
  • Upside NOI potential of £300 k p.a. via vending, premium services
  • Freehold title
  • 5-minute walk to University of Huddersfield (17 000+ students)
  • Strong supply–demand imbalance; rental demand ↑26% (2020–21)
  • £2 m+ tax reclaims (VAT & capital allowances)
  • NDA & EOI required; 3% sourcing fee

Description

Property Overview
This landmark purpose-built student accommodation (PBSA) in Huddersfield HD1 comprises 94 high-spec studios, delivering 121 lettable beds. Completed in 2022, it was designed to institutional standards and fully let in its first two operating years, with new demand outstripping supply for the next academic cycle.

Investment Highlights

  • Strong Income: Gross rent of c. £1.2 m; current NOI of £1.08 m, with simple value-add measures unlocking an extra £300 k p.a.
  • Yield Potential: At a guide price of £16 m+, investors achieve 6.75% net yield today, rising to 8.62% post-uplift (see Figure 1).
  • Tax Cash-Back: Vendor estimates up to £2 m return via VAT and capital allowances.
  • Market Position: Only a handful of off-market PBSA blocks trade in HD1; comparable PBSA (Vision) achieves 10% net yield

    .

Location & Transport
Nestled just 400 m from the University of Huddersfield, this asset benefits from:

  • Walkability: 5 min to campus, town centre shops, bars, and transport hub
  • Regional Connectivity: Direct rail links to Leeds (20 min) and Manchester (50 min)
  • Local Regeneration: Part of a £300 m town-centre investment plan, further boosting student inflows

    .

Amenities & Features

  • Private ensuite studio with kitchenette, study area, and high-end furnishings
  • All-inclusive bills & superfast Wi-Fi (100 Mbps+)
  • Communal study rooms, lounges, and cinema/games area
  • Secure cycle storage & CCTV-monitored entry
  • On-site laundry, parcel concierge, and 24/7 staff support

Investment Analysis

Yield Analysis

Property for sale A 2x2 grid of charts analyzes purpose-built student accommodation HD1 investment. Charts show yield vs. price, income-producing student asset uplift at £300k NOI, NOI vs. yield, and investment attractiveness—each with labeled, colorful data visuals. Presented by Palace Auctions
Property for sale A 2×2 grid of charts analyzes purpose-built student accommodation HD1 investment. Charts show yield vs. price, income-producing student asset uplift at £300k NOI, NOI vs. yield, and investment attractiveness—each with labeled, colorful data visuals. Presented by Palace Auctions


Figure 1: Yield vs Purchase Price – current vs uplifted NOI.

Purchase Price      Current NOI        Current Yield        Uplifted NOI       Uplifted Yield
£16 000 000    £1 080 000        6.75%        £1 380 000       8.62%

Key Insight: At £16 m, this asset offers a STRONG BUY scenario—above market average yield with low–medium risk.

Comparable Transactions

Asset        Location         Beds/Units         Price/unit        Yield
Vision, Huddersfield        HD1        198 studios        £93,995/unit      10% net
Hyde Park HMO       Leeds         176 beds        N/A       7-10% net

Addendum

  • NDA/EOI: Access full data-room upon signed NDA/EoI
  • Tax Benefit Update: Vendor finalising exact VAT reclaim & capital allowances; c. £2 m expected

Map

Property for sale Map of central Huddersfield HD1, highlighting Renaissance Works—an ideal 121-bed Student Accommodation Huddersfield—near key roads and landmarks like Kirklees College, Springwood, and the University of Huddersfield, with shops and restaurants nearby. Presented by Palace Auctions
Property for sale Map of central Huddersfield HD1, highlighting Renaissance Works—an ideal 121-bed Student Accommodation Huddersfield—near key roads and landmarks like Kirklees College, Springwood, and the University of Huddersfield, with shops and restaurants nearby. Presented by Palace Auctions

EPC

Rating: B (available via Legal Pack link)

Street View

 

Property for sale A modern, multi-story student accommodation with large windows stands on a sloped street in Huddersfield’s HD1 area, featuring traffic lights and a blue sky. An older building with a clock tower is partially visible behind it. Presented by Palace Auctions
Property for sale A modern, multi-story student accommodation with large windows stands on a sloped street in Huddersfield’s HD1 area, featuring traffic lights and a blue sky. An older building with a clock tower is partially visible behind it. Presented by Palace Auctions

Income Schedule

  • FY23: £1 080 000 NOI
  • FY24: £1 080 000 NOI
  • Post-uplift potential: £1 380 000 NOI

Legal Pack

Download the Legal Pack

Location

Huddersfield HD1, within the town centre conservation area, 400 m from the University campus.

Media Links

 

Amenities List

  • Freehold ownership
  • High-spec private studios
  • Ensuite bathrooms & kitchenettes
  • All-inclusive bills & superfast Wi-Fi
  • Communal study lounges & cinema room
  • On-site laundry & parcel concierge
  • Secure bike storage & CCTV
  • 24/7 on-site management

 

Listing Updated: 07 October 2025, 12:48 GMT 

Get in touch

Edward Swindells Auctioneer Consultant Auctioneer & Valuer

Map

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Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

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