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Houses For Sale in Sheffield – Property Guide

Houses For Sale in Sheffield, A Comprehensive look at the Local Property Market

The Sheffield property market

There are still issues in Sheffield – mainly involving sluggish growth and an erratically improving housing market. Nevertheless, most analysts are predicting a period of relative prosperity for this proud city, which was underlined by a recent article in The Independent on the UK’s best cities to live in. If you need to sell your house in Sheffield, then the next few years could be a great time to do so.

House prices are rising again in Sheffield

Sheffield is a typical industrialised area in the north of England, in so much that its local economy is heavily reliant on manufacturing, unskilled jobs and the service sector. The city was devastated by unemployment and stagnating wages during the recent recession, and it still hasn’t fully recovered. But there is now growing confidence of a sustainable recovery throughout the city, which has finally manifested itself in house price rises, according to a recent report from ITV’s Calendar. In February 2014, the average price of houses for sale in Sheffield was £117,000 – three percent up on February 2013. You might be forgiven for getting excited about rising house prices if you happen to own property in Sheffield, but you shouldn’t get carried away with attention-grabbing headlines. The recovery is happening at different speeds throughout the region, and what may be happening in one street may not be happening in the next. If you need to sell your house quick with so many houses for sale in Sheffield, you’re going to need to set yourself realistic price expectations. The only way to do that is to fully research house sold prices in your specific locality. An expert property buying service or a local estate agent will be able to point you in the right direction when it comes to setting an achievable asking price, but you can research the market for yourself with a number of free, online resources. Sites like Rightmove, Zoopla and The Land Registry publish house sold data and transaction stats on a daily basis, so you can get a flavour of average property values in your own street.

How to market a house for sale in Sheffield

If you are like thousands of homeowners across Sheffield, you have probably been keeping a close eye on average property values since the banking crash of 2008. Whilst what you see now may be encouraging, the recent upturn in the local housing market is not cause for complacency. House buyers are more wary than ever about getting value, and banks are still reticent about lending money. You will need to work hard to create a demand for your house, and the only way you can achieve that is through an effective marketing strategy. An increasing number of people are choosing to market their home in Sheffield privately, as they are keen to save on the commissions and fees charged by property buying companies and estate agents. This may be a good idea if you have a thorough knowledge of how the market works and the time needed to sell a house quickly in Sheffield. But most people won’t have the time to commit to marketing property, and even if you do, you probably won’t have the network of contacts that is essential when selling a house. There are a core of local estate agents with a concentration of houses for sale in Sheffield. These estate agents can increase the exposure your house gets in a relatively short space of time. They will also negotiate on your behalf, manage property viewings and see the transaction through to completion. What estate agents can’t do, however, is offer any guarantees about when your house might finally be sold. Even if you do manage to secure a fair offer, there is always the chance that your buyer could pull out at the last minute. If you need a quick sale, with a degree of certainty surrounding a completion date, allow us to buy your house in Sheffield from you. We have a proven track record in buying properties in the area for as much as 100 percent of their true market value, and our market-leading service means you won’t have to put yourself through the rigours and stress of the open property market.

Selling your Sheffield home according to the time of year

A recent report published on the Home website pointed to a marked change in property buying habits. Traditionally, the most popular times of year to purchase property have been the latter stages of winter and the first few weeks of autumn. These are times when the expense and distractions of Christmas and summer are some way off. However, the busiest month for house purchases in Sheffield was December in 2013. This suggests that the property market in the city started to bounce back from the doldrums towards the end of the year. Opinions are divided on whether or not selling your house at a particular time of the year will affect its final sale price. However, property buyers will have different outlooks, priorities and distractions at different times of the year, so marketing your house according to the seasons is always a wise move.

The various mini-markets within the Sheffield property market

Like most cities and major metropolitan areas in the UK, Sheffield has its sought-after areas and its fair share of deprived neighbourhoods. It stands to reason that house prices will fluctuate hugely across such a massive city, but what is currently happening in Sheffield is a little more complex than that. Areas that have traditionally suffered with high crime rates and social problems, and those with high numbers of immigrants, are barely witnessing any sort of recovery in the housing market. Indeed, property website Market Oracle recently published a map of the city that demonstrates huge swathes of the city are still suffering from property price decreases. Adversely, there are areas of this extensive conurbation that are thriving – a phenomenon illustrated in a recent article published in The Star. One property expert described the housing market in Sheffield as being ‘on fire’. Highly sought-after areas are at the top of property buyers’ wish-lists. Districts such as Millhouses, Dore, Fulwood and Lodge Moore have been enjoying rises in average property values of up to ten percent – far outstripping the average for the city.

What is currently influencing property values of houses for sale in Sheffield?

Sheffield’s economy isn’t has diverse as it is in the likes of Manchester and Leeds, so not only is the city one of the first to suffer the effects of recession, it is one of the last to emerge from it. Unemployment has been high, consumer spending has been down and output has been slashed. In a city where manufacturing and the service industry are integral to the local economy, these factors have an inevitable effect on average property values. However, the first half of 2014 demonstrated that house values in Sheffield have now turned a corner. If you want a current and accurate reflection of house prices according to the specific areas of Sheffield, the local council publishes a very useful housing report on a quarterly basis. This has obvioulsy taken into account the type and number of sold and houses for sale in Sheffield. Indeed, it is Sheffield City Council that is driving a number of development schemes forward throughout the region, including a multi-million-pound project to create the city’s first dedicated retail district. Should this plan – and many more like them – go ahead, Sheffield can look forward to increasing employment during the next few years, as well as steadily rising house prices.

Sheffield’s history

Sheffield is a city on the up, and its history of manufacturing and heavy industry is currently holding it in good stead. With a population of around 550,000, it is the UK’s sixth largest city, and it is still the centre for steel production in the UK – a full 250 years since the art of steel production was perfected in the region. Indeed, this part of the UK played a critical role in the Industrial Revolution, which has left a lasting legacy.

Sheffield today

Sheffield today is very different, but it is still one of the manufacturing powerhouses of Britain. Unfortunately, manufacturing is always the first industry to suffer during times of recession, and the last to recover afterwards. Despite recent setbacks, the city’s economy is now well on the road to recovery, and the local property market is going along for the ride.

About Sheffield

Sheffield and the wider South Yorkshire area have a proud industrial past, but the area’s future is one associated with a love of the arts, sports and science. There are remnants of the role played by Sheffield during the Industrial Revolution scattered throughout the city, and many of them are now very popular tourist attractions. However, it is the city’s association with steel production that is probably most widely recognised. Sheffield was a pioneer of steel mass production techniques during the 1700s, and many of the methods local steel merchants perfected back then are still very much in operation today.

Wherever you turn in this great city, evidence of its industrial past is clearly evident. Of course, there is far more to Sheffield that manufacturing and industry. The city has a thriving arts scene, and its galleries and museums are well renowned and broadly respected. The likes of the Millennium Gallery, the Yorkshire Artspace and the Graves Art Gallery are attracting visitors from all over the world. The iconic home of snooker’s World Championship is the city’s Crucible Theatre, and a selection of lavish stage productions can be seen at the beautiful Lyceum Theatre. For lovers of pop and rock music, the O2 Academy is most definitely the place to be. This vast city is also associated with sporting achievement – demonstrated in 2012, when Sheffield lass Jessica Ennis-Hill claimed gold for Great Britain in the Heptathlon.

Sheffield is also home to three impressive sporting arenas: Hillsborough Stadium, Brammall Lane and the Motorpoint Arena, as well as impressive Olympic training ground the English Institute of Sport. From the city’s huge selection of exclusive restaurants and bars to its wealth of cultural attractions, Sheffield is a fantastic place for work and play. There is no doubt that the people of Sheffield have had it tough in recent years. A struggling economy and high unemployment have blighted most neighbourhoods in the city, and the green shoots of recovery are only just starting to emerge. The great news for you as a home owner it that this could be a great time to realise your biggest asset – your home.

Sheffield Property – A Guide to The Local Property Market

Sheffield Property – A Guide to Selling in Steeel City!

The Independent named Sheffield as one of the 12 most ‘liveable’ cities in Britain, despite the fact that the same article reported that house prices in Sheffield showed absolutely no movement in 2013. Things are moving in the right direction now, however, and the next few years could be a great time for houses for sale in Sheffield.

If you’re contemplating a foray into the property market, and you need to sell your house fast in Sheffield, Flying Homes can find a buyer in a fraction of the time it takes on the open market.

Setting a realistic asking price for your Sheffield home

After a turbulent time for homeowners in Sheffield, there are several indicators to suggest that the market is showing signs of sustained growth for the first time since 2008. Indeed, ITV’s Calendar recently reported that house prices throughout the area are on the rise. In February 2014, the average house price in the city was reported to be nearly £117,000 – up three percent on the year before. But despite these promising statistics, approaching a house sale with caution and a realistic pricing strategy is essential if you want to sell your house quick in Sheffield.

One of the biggest obstacles to the speedy conclusion of a property sale in Sheffield is an unrealistic asking price. Regardless of what you originally paid for your home, or what it was worth a few years ago, it is only worth what someone else is willing to pay for it. Set your price expectations too high, and you may struggle to create a demand for your property. But set your initial asking price to low, and there is a chance that you’ll struggle to achieve what your house is really worth.

If you need to sell your house quickly in Sheffield, then there is no substitute for researching the local property market. You need to be sure what is achievable in your specific area of the city – something you can ascertain by referring to sites such as Rightmove and The Land Registry. You can check recent house sold prices in your neighbourhood, and compare various transaction statistics. You will also find up-to-date information on Sheffield house prices by using Zoopla’s house price analysis tools.

Marketing a house for sale in Sheffield

After a turbulent few years in the Sheffield property market, homeowners now have genuine reason to be optimistic. House prices are showing signs of modest growth – albeit it belatedly. According to a recent article on the MailOnline website, prices throughout the UK are expected to soar as the economy gets back on track, and Sheffield – which according to the same article enjoyed a ten percent rise in house prices in 2013 – is expected to benefit more than most northern towns and cities.

It is important not to get carried away with headline statistics, however. Sheffield is a city that is heavily reliant on low-paid, manual labour and the services, so there are certain areas of the city that are faring better than others. In order to find a buyer for your house, and secure a decent price, you will need to make sure it is marketed by the right person.

Of course, you can tackle the market yourself, but you’ll need to be ready for a great deal of stress. You will also need to research how the market works, the nuances of the Sheffield property market and what constitutes a fair price for your home. A far easier, quicker and more profitable way to sell your house is to hire the services of an estate agent. This is because they can tap into a pool of potential buyers who have a specific need for properties like yours. They will have a network of marketing contacts and an intrinsic knowledge of the local market, which allows them to hit the ground running when it’s time to put your property up for sale. You will find a list of Sheffield estate agents on the Rightmove website.

However, it is worth remembering that, should you need to secure a quick property sale in Sheffield, a range of issues can delay or ruin your plans. Property chains, rejected mortgage applications or a buyer’s change of mind are just some of the factors that can delay a property sale. So, if you want to avoid the pitfalls of selling on the open market, Flying Homes can buy your house without delay. We are expert property buyers who allow you to bypass the volatile property market in Sheffield.

Choosing the best time of year to sell a house in Sheffield

Many house buying companies and estate agents are wary about pointing to a particular time of year that is best suited to selling a home. Sheffield is a major English city, which means its property market follows the same patterns as other urban areas in the country. There is anecdotal evidence to suggest that more buyers are on the market for property during the latter part of winter and the early part of autumn. However, statistics released on the Home website seem to contradict that school of thought. Indeed, December was the busiest month for house sales in 2013, which is highly unusual given the distractions and expense of Christmas. This statistic may point to the fact that the property market started out weak in 2013, before recovering strongly towards the end of the year.

The various property markets within Sheffield

The industrialised nature of Sheffield, and its reliance on unskilled labour, means it is always one of the last urban centres in England to recover after a recession. Whilst there are some areas of the city enjoying strong house price growth, other parts of Sheffield are actually still in decline. And though it may seem that this is an ideal time to sell a house in the area, there are areas that seem to be destined for several more years of stagnating property values. According to a recent article on Marketoracle.co.uk, certain areas of Sheffield have struggled to cope with high rates of immigration. However, other areas (mostly in the south east of the city) have already recovered, and they now have average house prices that are close to 2008 levels.

It seems quite astonishing that a UK city can have so many different ‘mini markets’ working in tandem at the same time, but that is exactly what is happening. A recent article on The Star website quoted a local property specialist as saying that the Sheffield housing market ‘is on fire’. He reserved a special mention for the likes of Fulwood, Dore, Millhouses, Norton and Lodge Moor as areas that are in high demand amongst buyers. If you are about to sell your house in Sheffield, you should pay particular attention to house prices in your street, as The Star’s article also suggests that there are significant price differentials between areas within the same postcode.

What factors influence house prices in Sheffield?

Parts of Sheffield and Humberside suffered some of the highest rates of unemployment in the UK during the last recession, and things have been relatively slow to improve. However, rising house prices in the south east and north west have finally trickled down to South Yorkshire, and Sheffield house prices are experiencing annual house price rises of around ten percent in certain areas.

Sheffield City Council publishes a housing report on a regular basis, which details how the market is performing in the city during each quarter of the year.

Indeed, the local authority and various business forums in the area have been proactive in getting the economy moving in recent years, and a number of business and retail developments are expected to create thousands of jobs over the course of the next decade. For some years now, Sheffield has been aspiring to become a major retail and business centre in the north to rival Leeds and Sheffield, and news of a new shopping quarter for the city will increase confidence amongst property buyers and investors. The £300 million development is expected to create 2,500 long-term jobs, and that probably means good news for house prices in the region.

Interesting facts about Sheffield

Sheffield – or the Steel City as it is sometimes affectionately known – is located in South Yorkshire. It has a population of just over 550,000 according to the 2011 census, which makes it the sixth largest metropolitan area in the UK. Few cities are steeped in a history of manufacturing and industry in the way Sheffield is, and its affinity with the steel industry is still very much in evidence to this day. Unfortunately, Sheffield was hit hard during the recent recession, and according to several experts, its recovery is slow and uncertain.

Sheffield grew quickly during the 17th and 18th centuries on the back of a burgeoning international demand for steel. Indeed, the city was once the world’s most prolific manufacturer of steel at one point, and its most famous export was used to build many of America’s railways and buildings. Sheffield is now a modern, growing metropolitan area, but its economy still relies on countless visitor attractions, examples of stunning architecture and world-class leisure facilities. Whether you are moving to Sheffield or simply visiting for a while, there is a great deal to do and see.

The arts are a very important part of Sheffield’s identity, which is why the city is home to so many world-class galleries and theatres. The Graves Art Gallery, the Millennium Gallery and the Yorkshire Artspace are just three of Sheffield’s prestigious visitor attractions. The internationally renowned Crucible Theatre and Lyceum Theatre host a range of stage productions and concerts, while the O2 Academy plays host to some of the biggest pop and rock artists in the world.

Of course, Sheffield has a rich and prestigious history, which is steeped in industry and innovation. Among the vast array of visitor attractions dedicated to the city’s history are the Shepherd Wheel, the Heritage Boat Trail, The Portland Works and the Abbeydale Industrial Hamlet. And if you want to delve back a little further into Sheffield’s past, Sheffield Manor Lodge and Beauchief Abbey are well worth a visit.

Sport is also a major part of Sheffield’s identity. Not only is the city home to two major professional football clubs (Sheffield Wednesday and Sheffield United), it is where you’ll find the Motorpoint Arena, which plays host to basketball and ice hockey – as well as regular pop concerts.

The property market in Sheffield is finally showing signs of life, and the next few years could represent a great time to sell your property. But make no mistake; getting the right price and achieving a speedy sale of your house in Sheffield is still a relatively challenging task.

You can bypass all of this uncertainty and stress by allowing us to find a buyer for your house today. We have access to investors and property buyers who are willing to pay up to 100 percent of your home’s current value, and many of them can get the ball rolling on a purchase today. We hope you have enjoyed our local Sheffield property guide, call Flying Homes ‘Property Buyers’ today on 0800 68 99 420 for more information on buying or selling a home.

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