i'm thinking of investing in some property in sheffield. What area would be good to invest in?

Answer 1

It depends if you want to invest in order to see the actual house price steadily climb or if you want to invest in a property with rental potential to provide a regular income.

The areas which are good for rental income are not always areas where the actual property itself will necessarilysoar in price.

Sheffield S6 S7 & S10 postcodes are very good for rental properties and houses are all snapped up very quickly - these areas are mostly terraced houses and cater to students and other singles/young couples as they have easy access to the city centre and the universities.

If you want something a little more up-market - try S11 & S17 - larger properties and a lot of detached houses.

Answer 2

ignore oxyman- sheffield is a great place and there are lots of up and coming areas- Sheffield 6 is good (I live there), and it is true that houses move quickly (I sold my previous property in 30 minutes!!, not kidding), and the house next door to me was on the market for one week!!
I would go further afield for a real killing- I think Burngreave and Pitsmoor are going up, Shalesmoor and Upperthorpe are really close to the city, but you'd have to pay more for the obvious winners like Crookes and Broomhill.
Good luck!

Answer 3

Try investing in property near to the University and Hospital where you can rent out to students and nurses.

You can make money on the rent and they don't stay more than three years so you will not have a problem with sitting tennants.

Answer 4

Woodseats is definitely going to be the next hot spot - it's starting to rise in price already - also Meersbrook and the better parts of Heeley are not as expensive as they should be due in part to the S8 postcode which isn't the best....

Answer 5

not sheffield