Scotland Street, St Vincent’s Quarter, Sheffield, S3

Overview

A consented development opportunity in Sheffield city centre (S3), with planning granted for a 213-studio co-living scheme. A large-scale, build-ready site in one of the UK’s strongest rental markets.

Investment highlights

• Planning granted for a 213-studio co-living scheme
• Sheffield city centre (S3)
• Large-scale, build-ready site
• Ideal for a developer or institutional forward purchaser
• Completed-value scenarios of £25.8m to £30.0m from sourced local rent evidence, 213 consented studios across c. 92,730 sq ft, planning granted July 2025

Location & demand

St Vincent’s Quarter, the stretch of Sheffield city centre between the retail core and Kelham Island, is Scotland Street’s setting. The University of Sheffield’s main campus is a short walk west and Kelham Island a few streets north, placing the site in the middle of one of the UK’s strongest rental markets.

The co-living pitch is renters who want a city-centre address without city-centre one-bed pricing. At 213 consented studios across c. 92,730 sq ft, with planning granted in July 2025, this is a large-scale, build-ready site, the sort of scale institutional forward-funders look for, with completed-value scenarios of £25.8m to £30.0m built from sourced local lettings evidence at prudent exit yields. For a developer or an institutional forward purchaser, the planning work is already done.

The numbers

Asking price	£3,000,000
Consented units	213 co-living studios
Scheme size	c. 92,730 sq ft
Planning status	Granted July 2025
Estimated GDV	£25.8m to £30.0m (completed-value scenarios from local rent evidence)