Description
A rare, fully consented freehold PBSA development site in the heart of Huddersfield’s student quarter, offering exceptional income potential, robust demand, and strong capital growth prospects.
Property Overview
Palace Auctions Northern Office is delighted to present this outstanding investment and development opportunity. It is a prominent freehold site at the corner of A629 Wakefield Road and Firth Street, HD1. The site is located directly opposite the University of Huddersfield. This property represents a fantastic Huddersfield Student Investment Opportunity. With full planning permission granted and all pre-conditions discharged, this unencumbered site is ready for immediate development. The scheme is a striking new 59-bed purpose-built student accommodation (PBSA) scheme. The site benefits from completed detailed design and commenced drainage works. Additionally, there is flexibility for design amendments. This is possible, as it is neither listed nor within a conservation area. The proposed scheme comprises 39 high-demand studios and 20 cluster rooms. It is perfectly positioned for investors searching for a Student Investment Opportunity in Huddersfield as demand grows. This includes over 4,000 international students and a projected 60% growth in health-related enrolments. Additionally, with the closure of major student blocks, demand for PBSA has surged. The University’s £250m Health Innovation Campus is under construction adjacent to the site. Therefore, demand for premium, centrally located PBSA has never been stronger.Key Features
- Prime Freehold Corner Site: Fronting Wakefield Road (A629) and Firth Street, HD1 – an ideal location for those seeking a Huddersfield Student Investment Opportunity.
- Full Planning Permission: Extant consent for 59-bed PBSA; all pre-conditions discharged; drainage works commenced
- Flexible Design: All drawings complete; amendable to suit build or alternative layouts
- Unencumbered Title: Clean, ready-to-develop asset; not listed, not in a conservation area
- High-Yield Mix: 39 studios (ideal for international/postgraduate students) + 20 cluster rooms (popular with UK students)
- Immediate Neighbors: Unite Students (Firth Point), Premier Inn (Whitbread), Halfords Autocentre, major supermarkets
- Sale Options: With benefit of planning only, or forward funding for development and clean exit
Location Highlights
- Unrivalled Student Quarter Position: Directly opposite University of Huddersfield’s main campus and new £250m Health Innovation Campus, making it a top Student Investment Opportunity within Huddersfield.
- Outstanding Connectivity: Multiple bus stops within a short walk; Huddersfield Rail Station (0.9 miles) with direct links to Leeds and Manchester
- Comprehensive Amenities: Lidl, Asda, and Sainsbury’s all within 0.25 miles; vibrant town centre, cafes, bars, and leisure facilities nearby
- Regeneration Zone: Located within the A629 Wakefield Road Sustainable Transport Scheme—major infrastructure and public realm improvements underway
- Proven PBSA Neighbourhood: Surrounded by established operators (Unite, iQ, Fresh, Empiric) and high occupancy rates (95–97%) ,
Amenities
- Secure entry and CCTV (as per design). This is another reason why this site fits a growing Huddersfield Student Investment Opportunity market.
- High-speed broadband infrastructure
- Dedicated cycle storage
- Landscaped communal areas
- On-site management suite (subject to final design)
- Proximity to supermarkets, healthcare, and university facilities
- Excellent public transport and road links
Pricing & Availability
- Guide Price: £800,000 to 1,000,000 (freehold, with benefit of planning) – offering unparalleled value for those considering a Student Investment Opportunity in Huddersfield.
- Development Cost Benchmark: £4.4m–£5m typical (2026 build cost at £75k–£85k/bed); seller’s estimate £3.5m total (exceptional value)
- Projected Gross Income: £460,000–£500,000+ per annum (studios at £170–£200/week; cluster rooms at £140–£150/week)
- Net Income: £330,000–£350,000 per annum (after 25–30% operating costs)
- Yield & GDV: Completed PBSA assets trade at 5.5–6.5% yield; projected GDV £5m–£6m
- Availability: Immediate—site is unencumbered, all planning and design work complete, ready for acquisition or forward funding
Why Buy With Palace Auctions
- Northern Market Specialists: Decades of experience in Yorkshire and the North’s PBSA and investment sectors, including direct involvement in Student Investment Opportunity projects in Huddersfield.
- Trusted Process: RICS, NAEA Propertymark, and TPO registered; transparent, secure, and efficient transactions
- Flexible Sale Structures: Buy with planning only, or secure forward funding and a clean exit strategy
- Comprehensive Support: Full legal packs, due diligence, and buyer assistance from offer to completion
- Proven Results: Market-leading completion rates and a reputation for delivering value to institutional and private investors alike
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Property for sale Logo featuring large stylised black letters "RC" with "REME CHARLES" written between them and "INTERNATIONAL REAL ESTATE" in smaller text below, ideal for student accommodation on Wakefield Road Huddersfield, on a light background. Presented by Palace Auctions[/caption]
