Huddersfield Snow Island, King's Mill Lane, Huddersfield, West Yorkshire

Description

Purpose Built Student Accommodation asset comprising 427 ensuite Bedrooms arranged across 89 Cluster Flats. Constructed in 2000 with a total GIA of approximately 11,622 sq m (125,098 sq ft). 207 beds (49%) and communal space were fully refurbished in 2022 to a high quality finish. 220 beds have not been refurbished, with evidence of significant disrepair in some areas. The vacant nature of the asset offers potential for redevelopment or change of use opportunities, subject to consents. Huddersfield University is within 0.2 miles of Snow Island, or less than a 5 minute walk away.

Accommodation

427 ensuite bedrooms arranged across 89 cluster flats; total GIA approximately 11,622 sq m (125,098 sq ft); 207 beds (49%) and communal space fully refurbished in 2022; 220 beds not refurbished

Location

Located in a prime PBSA location, directly opposite the University of Huddersfield's Queensgate campus, which is 0.2 miles to the north east and approximately a 4 minute walk away. Situated on King's Mill Lane, to the south of its junction with Queen Street South (A629), immediately south of the River Colne. Huddersfield town centre, including the Kingsgate Shopping Centre, is 0.5 miles to the north. Huddersfield rail station is approximately 0.7 miles to the north west and within an 18 minute walk. Longley Woods Nature Reserve is approximately 0.8 miles to the south east. The A629 ring road is immediately adjacent and the M62 motorway is approximately 3 miles to the north west.

Tenure / Property Information

Investment Analysis

No guide price, completed-sale comparables, formal valuation, rental evidence or auctioneer rent estimate has been supplied. Market value, GDV and a maximum bid therefore cannot be reliably estimated. The asset benefits from a stated prime PBSA location opposite the University of Huddersfield, but it is vacant and 220 of 427 beds reportedly remain unrefurbished, with significant disrepair in some areas.

Strategy Recommendation

Do not bid or commit capital until the guide price, title and special conditions, building survey, refurbishment costs, operating model, consents and realistic PBSA rental evidence have been verified. Consider only after a detailed feasibility and valuation exercise.

Works Required

Assess and address the reported significant disrepair affecting the 220 unrefurbished beds, with refurbishment requirements to be confirmed by detailed survey and tendering. The 207 refurbished beds and communal areas were completed to a high-quality finish in 2022. Any redevelopment or change of use would require appropriate consents.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be quantified without a purchase price, refurbishment budget, supported rental evidence and GDV. The vacant status and reported condition of 220 unrefurbished beds imply that substantial capital and operational planning may be required, subject to survey findings.

Buy-to-Let Analysis

BTL or PBSA operating yield cannot be established because no sufficiently specific rental evidence, passing rent, auctioneer rent estimate, purchase price or operating cost information has been supplied. The property is stated to be vacant.

Flip Analysis

A flip assessment cannot be quantified because there is no supported GDV, purchase price, refurbishment cost allowance, selling-cost allowance or comparable-sales evidence. The stated university-adjacent location is positive, but resale value and buyer demand remain unverified.

Investor Risks & Due Diligence

• The asset is vacant, so there is no evidenced passing income.

• 220 of 427 beds have not been refurbished and significant disrepair is reported in some areas.

• No refurbishment budget or detailed building survey has been supplied.

• Redevelopment or change of use is only described as a potential opportunity and is subject to consents.

• No guide price, buyer premium, admin charge or quantified additional fees are supplied.

• The property is predominantly freehold but includes a small long leasehold area expiring in 2917, requiring title and rights review.

• No rental, comparable-sales or formal valuation evidence has been supplied.

Recommendation

Do not bid or commit capital until the guide price, title and special conditions, building survey, refurbishment costs, operating model, consents and realistic PBSA rental evidence have been verified. Consider only after a detailed feasibility and valuation exercise.

Strategy Rating

Analysis Confidence

The description provides size, tenure, vacancy, refurbishment history, location and condition indications, but there is no price, sales evidence, rental evidence, EPC, costs, fees or formal valuation support.