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.
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 Prices
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 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.
Sheffield Property Investment Stats
Sheffield house prices increased by 10% in the last year. (Plumplot, Q1 2022)
The population of Sheffield. (World Population Review, Q1 2022)
- £835 pcm
Average asking rents in Sheffield. (Home.co.uk. Q1 2022)
Number of students living in Sheffield. (Sheffield City Council, 2021)
Percentage of students choosing to stay in Sheffield after graduation (Knight Frank, 2021)
Download our Sheffield property investment guide below!
Student property investment in Sheffield
Sheffield is one of the UK’s leading student cities, and it’s clear to see why. The city is home to two of the country’s most respected universities: The University of Sheffield and Sheffield Hallam University. Both universities have undergone development in recent times that has further enhanced the city’s status as a university hotspot, something clear to see when looking at the student population in the city. Sheffield is home to over 60,000 students between the two institutions, and with the vast majority choosing to reside in the city during their studies, many need privately-owned student accommodation which only boosts the student property market in the city.
This thriving student community is not only beneficial to the student property market, but also to the residential one. Sheffield has an above-average 42% of graduates who choose to stay in the region after graduating, many of whom require a rental property upon the completion of their studies. The below-average house prices in the city also make Sheffield extremely attractive for students looking to purchase their first property after university, further boosting the local economy and property market.
Invest in Sheffield’s Culture
Sheffield is one of the most culturally significant cities in the UK. The city is synonymous with the music, art and theatre industries and has produced some of the finest artists in all three fields in recent times. Bands such as Arctic Monkeys, Pulp and The Human League are some of Sheffield’s most famous musical exports, whilst artists Pete McKee and Joe Scarborough are both renowned for their South Yorkshire-inspired artwork and actors like Sean Bean and Dominic West are just two of the countless Sheffield actors who have made it big in Hollywood.
The strong cultural heritage is evident to see when you look at the countless cultural hotspots that drive visitors to the city year after year. In a report from Transport for the North, it was found that Sheffield received the 4th highest total annual visits in the North, with tourists flocking to the city to visit iconic cultural landmarks such as the Millennium Gallery, Sheffield Cathedral, Chatsworth House and the Crucible Theatre. A report compiled by Global Tourism Solutions on behalf of Sheffield Council also found that a staggering £1.2 billion is spent by tourists in Sheffield every year. This massive influx in investment from tourists only further boosts the local economy and as a result, Sheffield’s property market.
Current Sheffield investment opportunities
We have investment opportunities in Sheffield and other favourite locations such as Manchester and Liverpool!
Valley ViewLocated in the quaint village of Hackenthorpe in the desirable S12 postcode district in Sheffield, Valley View is perfect for young couples and families looking for their next rental home.
Valley View will consist of freehold new-build houses in Sheffield offering annual returns of 7%
Residential property from
AxiomLocated in the heart of Stoke-on-Trent just over a mile from Staffordshire University, Axiom will set a new standard for luxury, city-centre student living.
7.5% guaranteed NET returns for 2 years at Axiom
Student property from
Imperial QuarterImperial Quarter is a luxury residential development in the highly sought-after Windsor area consisting of a mix of apartments and houses. Prices start from £375,000, with the development offering a guaranteed 6% NET return for 2 years.
Imperial Quarter offers 6% NET returns for 2 years in Windsor
Residential property from
Cheltenham PlaceX1 Cheltenham Place is a student development in Greater Manchester, with apartments from £124,995 offering guaranteed 7% NET rental returns.
7% guaranteed NET rental returns
Student property from
Sheffield Property Investment FAQs
Is Sheffield a good place to invest in property in 2022?
Whilst the city can occasionally fall under the radar when it comes to property investment hotspots compared to the likes of Manchester or Liverpool, Sheffield is without a doubt one of the best places to invest in property in 2022 thanks to the lower-than-average house prices and strong growth forecasts for prices and rents in the future.
What is the average yield for properties in Sheffield?
According to PropertyData.co.uk, the average rental yield in Sheffield currently stands at just over 4%. The leading postcode district in the city is the S1 area, with an average rental yield of 5.4%. With the increasing demand for rental properties in the area, rents in Sheffield look set to continue their impressive upward trajectory in the future.
Are property prices rising in Sheffield?
Property prices in Sheffield are rising and look set to continue to do so in the coming years. In 2021 alone, house prices in the city increased by just under 10% – above the likes of London, Manchester and Birmingham. In the 5 years to 2027, prices in the Yorkshire region are forecast to increase by an impressive 11.7%, the joint highest of all UK regions (Savills, 2022).
Is Sheffield a good area to invest in for a first-time property investor?
According to HM Land Registry’s August House Price Index, the average property price in Sheffield is 33% below the national average. The below-average prices in Sheffield paired with the expected growth in the coming years make the city an excellent location to invest in for a first-time property investor.
Is Sheffield well suited to an established property investor?
In addition to being a strong location for a first-time investor, Sheffield is also extremely well suited to an established property investor. The city offers investors the chance to diversify their portfolio and invest in a cheaper market with higher growth margins than a large number of prominent UK buy-to-let hotspots.
What properties do you currently have available for investment in Sheffield?
Our leading investment opportunity in Sheffield is the student site, VISTA. Located within the Sheffield Hallam University campus in the heart of Sheffield city centre, VISTA offers a first-class purpose-built investment opportunity in an unbeatable location. Properties start from just £82,500 and offer a 7.5% assured NET rental returns for 5 years.
Why choose Knight Knox for property investment in Sheffield?
Knight Knox make investing in property simple. We are market leaders when it comes to the sale of off-plan buy-to-let properties for the private investor market, particularly in Manchester. We have almost 20 years of experience in helping clients find their perfect property investment in the Manchester area, offering a personal service to ensure all of your needs are met.
Our track record speaks for itself. We have launched over 100 developments with a total value of over £1.2 billion, over 90 of which are now completed and tenanted. Whether you are a first-time investor or looking to build on an established portfolio, we are certain to have the perfect property for you!