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Buy-to-Let Sheffield Investment Properties

Why consider Sheffield property investment?

Sheffield is known around the world for its industrial prowess and a booming business sector. Residents of the city enjoy an enviable lifestyle and impressive job opportunities in the South Yorkshire city. It’s for these reasons that Sheffield property investment is one of the most lucrative in the UK.

Located in the heart of the country, Sheffield itself is one of the UK’s core cities which drives the national economy. The city is within in an hours commute for two million people, giving it access to a large workforce. With access to such a large workforce, it makes Sheffield highly appealing to businesses and industries.

The city has a significant presence in sectors as diverse as digital, finance, logistics, and low-carbon industries. Sheffield has a modern economy which puts it on the map and drives investment from around the world.

Sheffield Economy

Being one of the most centralised cities in the UK, the Sheffield city region has a thriving economy and currently boasts a gross value added (GVA) of £11.3bn. The city is currently in the midst of a 10-year strategic economic plan, where the city council is aiming to increase the GVA by a further 3bn. This will bring a further 6,000 new businesses and introduce 70,000 new jobs into the area by 2024.

Sheffield Property

It is currently an excellent time for Sheffield property investment. According to Plumplot, house prices in Sheffield have increased by 10% 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. Additionally, Sheffield is currently experiencing a supply and demand issue in its rental market, making it an ideal time to invest in the city.

Sheffield Connectivity

Sheffield is a very well-connected city, thanks to its central location. The city has a railway station where you can catch direct links to Manchester, London, Leeds and Birmingham – amongst many other regional cities. Sheffield will also be a featured stop on the High Speed 2 (HS2) rail link between London and Leeds. The city also has a great road network, being close to the M67 and M1 motorways. Sheffield also has an excellent public transport network, where residents can take the bus or use the city’s ‘Supertram’ network. These systems will take residents in and around the Sheffield area.

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Sheffield Property Investment Stats

 

10%

Sheffield house prices increased by 10% in the last year. (Plumplot, Q1 2022)

740,532

The population of Sheffield. (World Population Review, Q1 2022)

£835 pcm

Average asking rents in Sheffield. (Home.co.uk. Q1 2022)

60,000

Number of students living in Sheffield. (Sheffield City Council, 2021)

40%

Percentage of students choosing to stay in Sheffield after graduation (Knight Frank, 2021)

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