Property Investment Company In Sheffield
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Sheffield is a city known for its industrial mastery and thriving university scene, along with a more recent boom in the business sector.
The local economy is currently worth circa £7bn per year and the Sheffield City Region (SCR) aim to continue this growth with a 10 year ‘Economic Plan’, which was put in place in 2015.
The city is home to two of the UK’s leading higher education institutions, the University of Sheffield, which is part of the Russell Group of universities, and Sheffield Hallam University.
In total, the city houses around 63,000 students and, positively for the city’s growth, more than 25% of graduates choose to stay permanently after they complete their degrees.
As a property investment company, Sheffield has everything we look for in a city: growth, business, culture, tenants, transport, jobs and more. It’s a brilliant choice for any investor.
Why invest in Sheffield property?
There are three excellent reasons to consider Sheffield.
First, a growing population of young professionals means there are many ideal tenants in the city.
Second, there will be high demand for housing in the future as Sheffield’s economic plan aims for a growth in population of 70,000 before 2025.
And third, Sheffield will have a stop on the HS2 train line. This will reduce travel time to the South, but it will also improve routes between the cities of the Northern Powerhouse: Sheffield to Leeds or Manchester will be just 30 minutes. This will stimulate the regional economies and drive property demand.
Types of Property Investment in Sheffield
Centrally located, a thriving population and 6.85% & 8.16% yields offered by S1 and S2 postcodes (respectively) help build a very strong case for buy-to-let in Sheffield, which is why the city is on our radar.
Plus, demand is strong due to regeneration projects and a buoyant job market and supply can’t keep up. As such, Zoopla recorded a 20.46% increase in house prices over the past 5 years (Zoopla May 2020).
Around 60,000 students are enrolled in the two universities, meaning one in ten residents in Sheffield is a student - resulting in high demand for accommodation. The University of Sheffield has 28,000 students but it can only provide 6,000 with a room in their halls of residence.
This undersupply makes Sheffield a potentially lucrative opportunity for investors, given the requirement for private developers to step in and offer high-quality housing options.
In our opinion, there are three exciting, high potential areas for consideration when looking into property investment in Sheffield, which we have picked out below.
With a population of 30,000 and an average property price of £120,598 (Zoopla May 2020), Sheffield's city centre is probably the best place to consider for investment.
Plus, the city centre postcode, S1, has a strong average yield of 6.85%.
Properties in the centre are a mix of new-build blocks and period conversions, offering a variety of options for investors and renters.
East Sheffield is the most affordable part of the city, resulting in excellent rental yields. For example, part of this area holds the S2 postcode, which Totally Money highlights as having the possibility of hitting an 8.16% yield.
Located between the city and Rotherham, the east plays host to suburbs such as Brightside, Burngreave, Parson Cross and Attercliffe.
South East Sheffield
South East Sheffield has a large variety of properties, but it is particularly popular with family-sized buy-to-lets. The average price ranges between £170,000 – £200,000, and investors can achieve a comfortable average yield between 4 – 5%.
One benefit of this area is the transport, with many suburbs linked together by the tram network.
The South East of Sheffield has two up-and-coming areas where interest is building, Heeley and Meersbrook, but for more good value investors may also want to consider Frecheville, Hackenthorpe and Beighton.
Future Growth in Sheffield
Frequently Asked Questions
Below you can find a range of common questions from previous investors. If you require specific details and advice please do not hesitate to contact us today on +44(0)203 627 3987 or via [email protected]
Sheffield’s property market recovered slower after the 2008 financial crash meaning that there is greater capacity for house price growth relative to incomes even when interest rates rise. This makes it a great place to get in early and invest to receive good capital growth over the next 5 – 10 years.
According to Zoopla (May 2020), the average price paid for a property in Sheffield is £199,972.
House prices have increased by 20.46% in 5 years and Hometrack reports a 2.4% year on year growth from March 2019-2020.
Sheffield has an average yield of 4.26% (propertydata.co.uk) and the city centre S1 postcode has an attractive average yield of 7.2%.
The HS2 train line will call at Sheffield and will reduce the train journey to London by 40 minutes while also generating an estimated £4bn for the local economy.
Vista is our only live development in Sheffield at the moment. It’s an excellent scheme, perfect for anyone interested in an affordable student property with strong rental yields.
We are bringing new developments to market all the time, so please check back regularly for new Sheffield properties.