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