Latest Property Investing News:

Investment data for Sheffield

Information on local prices, rents, yields, growth & more in Sheffield

Population: 9,800
Households: 3,219
Density: 13,572/mi²

Home Sales Data:

Current average asking prices (based on 80% of properties)

Studio: Average £69,000

1 Bed Homes: Average £107,000

2 bed Homes: Average £152,000

3 Bed homes: Not enough market data to generate accurate statistics

4 Bed homes: Not enough market data to generate accurate statistics

5 Bed homes: Not enough market data to generate accurate statistics

Rental Market Data:

Residential Homes to let in Sheffield: Average Monthly Rental Prices

Studio: Not enough market data to generate accurate statistics

1 Bed: £596 pcm

2 Bed: £804 pcm

3 Bed: £495 pcm

4 Bed: £1,042 pcm

5 Bed: £1,219 pcm

HMO Rooms to let in Sheffield

Double en suite £537 pcm

Double £507 pcm

Single en suite – Not enough market data to generate accurate statistics

Single: Not enough market data to generate accurate statistics

Supplementary Rental Property Market Data for Sheffield

76% are furnished

31% Have parking

37% Have outside space

19% Have disabled access

70% Have living room

61% Include internet

44% Accept couples

44% Accept smokers

6% Accept pets

0% Housing allowance

Average yields for Residential PRS Properties to let in Sheffield

Studio – Insufficient data to accurately calculate yield

1 Bed – 6.3% typical yield

2 bed – 6.0% typical yield

3 Bed –  Insufficient data to accurately calculate yield

4 Bed –  Insufficient data to accurately calculate yield

5 Bed –  Insufficient data to accurately calculate yield

Average yields for HMOs to let in Sheffield

Studio: This property size is not applicable for HMO room-let

1 bed: This property size is not applicable for HMO room-let

2 Bed – 8% typical yield

3 Bed –  Insufficient data to accurately calculate yield

4 Bed –  Insufficient data to accurately calculate yield

5 Bed –  Insufficient data to accurately calculate yield

Investing in Sheffield Property Data

Average Growth in House Prices

Dec 2016    £118,768    4.8%

Dec 2017    £122,893    3.5%

Dec 2018    £126,180    2.7%

Dec 2019    £125,624    -0.4%

Dec 2020    £136,184    8.4%

1 year: 8%

3 years: 11%

5 years: 20%

Property investing activity in Sheffield:

390 properties for sale

12+ months of inventory

365+ average days to sell

Currently it’s a Buyer’s market: Low demand, prices may fall

Rental market data for Sheffield

Average 75 rentals per month

227 properties for rent

3.0 months of inventory

91.25 average days to rent

Currently it’s a Balanced market: Neutral demand, rents likely stable

Current Housing Stock for Sheffield investment area

Number of bedrooms:

Studio – 9%

1 bed – 41%

2 Bed – 30%

3 Bed – 4%

4 Bed – 9%

5 Bed – 5%

Property type:

Detached 1.2%

Semi Detached – 3.6%

Terraced 7.6%

Purpose Built Flat – 80.6%

Converted Flat 3.7%

Commercial Flat 3.3%

Demographics:

Average household income: £39,200

Crime rate 617 crimes per 1,000 residents in the last year

Considered a very high crime rate

Planning data:

Planning activity level: Very high

Number of applications: 34

Total est. construction cost: £99.5m

Application success rate: 92%

Source: https://propertydata.co.uk/ Data as of 6 December 2020