Sheffield

Area Guide For Sheffield

Sheffield gets its name from the river which flows through it (River Sheaf), and is both a city and a metropolitan borough of England. Historically the city saw a lot of industrial growth and development, and is currently a strong economic centre. Residents of the area get treated to a lot of green open space as there are over 200 parks, and the city is known for its large number of trees and plentiful greenery.

 
 

Sheffield Map

Estimated Price: £176,208
Average Asking Price: £216,026
Price change in last one year: £12,730
Average Price Paid: £154,634
Average Rent Rates: £852

 
 

Property Prices Breakdown in Sheffield

Average Price for property in Sheffield is around £176,208 which varies based on type of property you are interested in and ranges from £290,768 for detached house to around £162,132 for semi-detached. Similarly terraced house is around £126,694 and a flat is worth £134,480. Values have been changing and have risen £106 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,810 in last 6 months, £12,730 in last 1 year, £17,610 in last 2 years, £19,159 in last 3 years, £16,076 in last 4 years and £12,101 in last 5 years.

Currently average asking price of a property in Sheffield is around £216,026 based on approximately 6,757 properties for sale. Same is the case with rental options based on 1,080 properties up for rent, average asking rent is around £852 per month.

Estimated property value in Sheffield is £176,208. Average asking price is £216,026 while average price paid is £161,327 which is up by £12,730 and Avg. asking rent £852.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Sheffield area. In last 1 year alone average price buyer paid is around £161,327 based on approximately 6,757 sales in Sheffield area alone. If you compare it to last 3 years sales of 19,816 properties where buyers paid around £156,155. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £154,634 for 31,461 and average amount paid for purchase of approx. 43,186 properties sold in last 7 years comes to about £153,546 per sale.

 
 

Properties For Sale in Sheffield

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £84,602, £111,160 for a 2 bedroom house, £151,492 for a 3 bedroom house, £290,337 for a 4 bedroom house and £450,424 for a 5 bedroom house. For a flat similarly the prices varies from £82,787 for a single bedroom to £118,852 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £156,326, £326,667 for a 4 bedroom flat and £279,975 for a 5 bedroom flat. To sum up the asking prices for properties in Sheffield it comes to around average £82,960 for 1 bedroom property, £114,060 for 2 bedroom, £151,581 for 3 bedroom, £290,594 for 4 bedroom and £449,280 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £508 for 1 bedroom to £509 for 2 bedrooms, £624 for 3 bedrooms, £1,018 for 4 bedrooms and £1,333 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £511. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £618, £748 for 3 bedroom, £1,179 for 4 bedroom and around £1,533 for 5 bedroom flat. You should be generally be expecting around average £511 rent per month for single bedroom property, £568 for 2 bedroom, £636 for 3 bedroom, £1,036 for 4 bedroom and approximately £1,353 for a 5 bedroom property in Sheffield area.

Popular Houses in Sheffield

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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