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- University city (student population of 67,000) Home to two major universities including one of the UK’s top institutions, the University of Sheffield (Russell Group), and Sheffield Hallam University, the city’s student population is at an impressive 67,000.
- Second fastest growing city economy in the UK. Recently voted by TimeOut as the second best city break destination in Europe, this South Yorkshire city attracts over 15 million visitors a year, bringing an estimated £1.35 billion boost to the city’s local economy in 2022.
- England’s 4th largest city with a rapidly growing population. As England’s fourth largest city, Sheffield has a population of 746,000. Increasing by 6,000 people between 2022-23, the city is experiencing a chronic shortage of quality rental properties.
- Market-leading returns and capital growth. JLL recently reported that rents in Sheffield increased by a significant 9% annually (2022-23). Achieving average city centre rental yields of 6.4% (with some reaching 7.2% in the S1 postcode according to Property Data), it’s no surprise that Sheffield is turning the heads of property investors.
- A FLOURISHING YOUNG POPULATION. Sheffield is residence to two growing and respected universities combining over 63,000 students, Sheffield Hallam and the Russell Group’s University of Sheffield, bringing in a new wave of young individuals every year, all of whom need somewhere to live.
- A THRIVING MARKET. The university scene is far from Sheffield’s only asset. Sheffield has a long history but gained international recognition with the Industrial Revolution as one of the finest steel producers.
- A STRONG ECONOMY. Sheffield is long renowned for its steel industry, but its economy is also considerably more. Its fast-growing economy is now worth £7bn each year, with a GVA increase of £4bn since 1997, and its economy continues to grow by an average of 5% every year.
- A PRIME LOCATION WITH EXCELLENT TRANSPORT HUB. Thanks to Sheffield’s central location in the UK, it is ideally located for travel and accessibility and secures national and international connections.
Sep 8, 2023 · The typical buyer in Sheffield will need to earn over £32,000 to buy in the city according to data from Zoopla. To break this down further, according to HM Land Registry data, the average price paid for a property in Sheffield is £225,560. This is about two-thirds the price of the average property in England which costs £342,297.
- Annie Buckley
Feb 22, 2023 · Investing in a city centre apartment in Sheffield can offer attractive rental yields. According to a report by Totally Money, Sheffield is the third best city in the UK for rental yields, with an average yield of 6.92%. City centre apartments tend to offer higher rental yields than properties in other parts of the city, due to the high demand ...
- Sheffield House Prices
- Sheffield Rental Market
- The Best Areas to Invest in Sheffield
It is currently an excellent time for Sheffield property investment. According to the ONS, house prices in Sheffield have increased by 13% in the last year. Despite this strong growth in prices, it still remains under the national average, so there is room for growth in the future. According to Savills, house prices are set to increase by 11.7% in ...
According to the latest census, the population of Sheffield is just over 556,000, the majority of which are working professionals thanks to the high student retention rate in the city. As a result, Sheffield is currently experiencing a supply and demand issue in its rental market, making it an ideal time to invest in the city. This is evident in th...
Sheffield has a total of 6 boroughs across the city, including Brightside and Hillsborough, Central, Hallam, Heeley, South East, Penistone and Stocksbridge. The areas with the highest yield according to recent data are S3 with 6% in central Sheffield, S5 with 5.6% annual yields, and S1 with 5.4%. Central Sheffield has proved to be the most popular ...
Sheffield property investment opportunities are perfect for investors who want to make a stable and lucrative buy-to-let purchase without spending too much. According to Zoopla, the average asking price for a semi-detached house in Sheffield is £240,804.
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Sep 18, 2019 · Even if you’re not investing in student property, the high number of students may well benefit you as 25% of students choose to remain in the city following their studies. Aside from students, the Sheffield Economic Plan is aiming to grow the population by 70,000 between 2015 and 2025.
