MEtallic
Aug 10 2005, 02:31 PM
Any comments on Sheffield, particulary Crookes? Things have been really quiet and offers seem to be a few K below asking price. I know of one on the market at £135 that has received 2 offers, the highest being £130.
Bart of Darkness
Aug 11 2005, 01:04 AM
Things seem to be in a holding position at the moment. South Yorkshire in general seems to be a bit behind some parts of the country (maybe the further north you go, the bigger the delay?-- Scotland still seems to be booming)
Places I've been watching (S20) seem to sell, but can take up to 6 months to find a buyer.
Not many reductions apparent on places up for sale for ages, but some of the newer stuff seems to be "slightly" better value.
This house for example at £149,950:
http://www.vebra.com/home/search/vdetails....163&pid=9700234Might have been offered for £155,000 or £160,000 a year ago, so some progress.
I'd love to know what's happening with all those "Centro" city living flats being built. I'd
certainly buy a flat on West Street that cost more than a detached house in S20!
MEtallic
Aug 12 2005, 03:38 PM
Done some more research on this. I've copied all the prices from
http://www.houseprices.co.uk/ for the S10 area of Sheffield. Graph attached.
Blue line is the average house price for every month, pink is the number of sales for that month. Red is 20 month moving average. All values have been normalised to allow plotting on the same graph.
For the number of houses sold, it shows that peak selling occurs in August, with a drop later in the year, but that this year’s drop so far is the most dramatic since the records began in April 2000.
For the house prices, the moving average is at a plateau, even though there has been a recent jump in prices, which seems to contradict the falling number of sales. This may be because 42% of houses sold so far in June are detached houses, as opposed to only 17% in May and 15% in April.
It appears that while prices are holding, number of sales in June 2005 have dropped dramatically. Only a matter of time.....
Bart of Darkness
Aug 12 2005, 11:52 PM
Dramatic is right. It confirms that asking prices haven't gone down but as for sales, my goodness!
Some good research there MEtallic, nice to see some info for the local area.
We can only wonder how long this can go on for.
MEtallic
Aug 16 2005, 03:18 PM
I've updated the graph to include only terraces and semis, which make up the bulk of houses in Crookes. The slow down in proces (maybe even a drop?) is much more apparent.
jimmy
Sep 7 2005, 03:39 PM
Good work on this. I live in Crookes and my landlord thinks the market is on the way down. Price of houses in my street has gone from mid-40s in 2000 to 80-110k now which is crazy.
I have a theory that there are a huge amount of student flats being built in town (or flats that students can afford to live in). This will have an effect on the houses in broomhill/crookes as there is over-supply. Landlords will have to improve properties to rent out.
Also in a couple of years the new student village as well as the Forge etc. will mean more students stay in residences rather than private accommodation + there appears to be more students living at home and studying...
If you get any more keep posting..
binbag
Sep 20 2005, 01:22 PM
I've repeated what I think MEtallic has done, same source for data, but for S11 and with 3 month moving averages. Basically shows the same thing:
1. Prices have reached a plateau and have fallen slightly.
2. Transactions have fallen dramatically
3. The Xmas selling season spike just did not happen in 04.
And yet I don;t really see much in the way of outright price falls. Odd, isn't it?
MEtallic
Dec 12 2005, 03:03 PM
Updated graphs for Crookes up to Oct 05. THese show a levelling off of prices and a drop in sales.
Bobble
Dec 12 2005, 04:14 PM
My [close relative] works selling new flats and townhouses around the city. She was working for a [company] selling houses in and around sheffield suburbs and beyond, but she jumped ship as they started letting off the people she was hired with.
If I recall correctly they hired a bunch of young'uns over the last year or two, only to find that the demographic of people buying did not diversify, only old couples were parting with their money turning their new build plots into retirement villages

(could it be because no matter how young and trendy the sales person, they have no way of making other young people earn the ridiculous sums of money required to buy one of their overpriced houses)
Anyway getting back to the city townhouses/flats... she is completely unaware of the economy, recent downturns etc. and says that even the smallest box flats are being bought up before they are complete. Really easy sales apparently. I am going to try and find out a bit more.. mainly if they are all BTL (which I suspect) but it is always depressing talking to her, as apparently times are good for her [employee].
[sorry about lack of details but I hear lots of naughty trolls look over these forums and I don't want to get her in trouble.]
Bart of Darkness
Dec 13 2005, 04:08 AM
QUOTE(Bobble @ Dec 12 2005, 04:14 PM) [snapback]252561[/snapback]
Anyway getting back to the city townhouses/flats... she is completely unaware of the economy, recent downturns etc. and says that even the smallest box flats are being bought up before they are complete. Really easy sales apparently. I am going to try and find out a bit more.. mainly if they are all BTL (which I suspect) but it is always depressing talking to her, as apparently times are good for her [employee].
[sorry about lack of details but I hear lots of naughty trolls look over these forums and I don't want to get her in trouble.]
Any local insights always welcome Bubble.
I suspect that you are correct about the BTL brigade buying these flats. Be interesting to find out exactly
who is buying these places.
All but one of the home owners I know live in houses (and the single exception bought a flat in Crookes, well clear of the "centro" zone).
jimmy
Dec 14 2005, 10:18 AM
This house is for sale on my street:
http://212.50.188.105/cgi-win/vebra.cgi?de...2/TOYNE/56077/2and last weekend I saw one of those Blundells "sales consultants" minis parked outside and a regular street of 20 something couples going to look at the property.
110 thousand for one of these terraces is farcical. They are quite small inside and 5 years ago were selling for 30-45k...
I will be shocked if it goes for 110 though.
abaxas
Dec 14 2005, 01:42 PM
QUOTE(jimmy @ Dec 14 2005, 10:18 AM) [snapback]253778[/snapback]
This house is for sale on my street:
http://212.50.188.105/cgi-win/vebra.cgi?de...2/TOYNE/56077/2and last weekend I saw one of those Blundells "sales consultants" minis parked outside and a regular street of 20 something couples going to look at the property.
110 thousand for one of these terraces is farcical. They are quite small inside and 5 years ago were selling for 30-45k...
I will be shocked if it goes for 110 though.
maybe you should look at the bottom of the link..
SALES NEGOTIATOR
Zoey Simpson
VALUER
LUCY CRAPPER bwa
MEtallic
Apr 4 2006, 03:01 PM
Update on S10 house prices. Number of sales plumbing new depths but house prices stable
Bart of Darkness
Apr 4 2006, 06:57 PM
QUOTE(MEtallic @ Apr 4 2006, 04:01 PM) [snapback]339171[/snapback]
Update on S10 house prices. Number of sales plumbing new depths but house prices stable
Your hard work is definitely appreciated
MEtallic.
aussieboy
Apr 4 2006, 10:30 PM
Just bought in S10 (I know, I know... it's a 5 year thing and it previously fell through with another buyer etc etc) and have been watching the 120 - 300 market for an eternity. The postcode seems to be split in two at the moment with Crookes and some Broomhill houses stuck where they've been since I started looking but Ranmoor / Crosspool / Fulwood family homes suddenly shifting since Christmas. My chain has gone v quick with, as I think I have posted elsewhere, sealed bids further up. I would say that although stock is shifting, prices are stable.
MEtallic
May 2 2006, 03:08 PM
I've updated the graphs.
What is interesting is the dramatic drop in house sales, to(11 for the month of March from an average of 67/month over the past 6 years.
Also is the dramatic drop in the total value of the housing stock sold, from about £24m at the peak in July 2004 to only £2.1m in March.
Many EA's must be feeling the pinch, as this represents less than a 10th of the turnover at peak and about 20% of the average over the past 5 years.
tinecu
May 2 2006, 03:35 PM
QUOTE(MEtallic @ May 2 2006, 03:08 PM) [snapback]365062[/snapback]
I've updated the graphs.
What is interesting is the dramatic drop in house sales, to(11 for the month of March from an average of 67/month over the past 6 years.
Also is the dramatic drop in the total value of the housing stock sold, from about £24m at the peak in July 2004 to only £2.1m in March.
Many EA's must be feeling the pinch, as this represents less than a 10th of the turnover at peak and about 20% of the average over the past 5 years.
Have a look at some more graphs on
Home.co.uk in particular
http://www.home.co.uk/guides/house_prices....ation=sheffield and
http://www.home.co.uk/guides/house_prices_...ield&lastyear=1
Rigsby
May 2 2006, 08:44 PM
QUOTE(tinecu @ May 2 2006, 04:35 PM) [snapback]365100[/snapback]
Similarly...
http://www.home.co.uk/guides/house_prices....cation=barnsleyAverage price of properties for sale in Barnsley: £175,671
Median price: £153,975
Average price of properties for sale in Sheffield: £165,933
Median price: £136,500
As a deedah who emigrated to Barnsley 20 odd years ago, I just cannot believe that the average price in Barnsley has overtaken Sheffield. Barnsley has always been seen as the clinker on the arsehole of Sheffield, and has always been cheaper, seems not any more.
smartie
May 2 2006, 10:17 PM
Perhaps Barnsley prices include Penistone sub-area?
Went into Blunders (aka Blundells) at Crystal Peaks this afternoon. Queue formed inside the office and outside the doors, almost blocking Haybrook and Halifax Estate Agency.
Apparently, fifty-odd people wanted to put in an offer on this:
http://212.50.188.106/cgi-win/vebra.cgi?de...7/SCHOO/56523/7Twenty people viewed it yesterday (BH Monday) and all interested.
Meanwhile, hardly any enquiries on the other properties! Few FTB looking in windows, enquiring about details, but few viewings booked.
smartie
http://www.gmroads.co.uk
russell
Jan 24 2008, 02:21 AM
Looks like this Sheffield thread is a bit neglected, it's where I've just moved to for work so will try to get some new data on here, luckily my house deposit fund is very low, so I'm well out the market and can just observe.
Until I work out how to use OpenOffice Calc, it'll just be some simple tables, no charts.
Property Snake and Rightmove figures for a few Sheffield Postcodes from this evening
Click to view attachmentS1 - City Centre
S3 - Plenty of new build flats among older stuff
S8 - Huge mix, but generally older stock
S10 - Split between student areas and big old houses (some not split into flats!)
S20 - Suburbs, mixed region
http://www.blundells.com/blundells/propsearch.php has a nice clear postcode map for Sheffield
Only just moved here last year, so advice on regions to watch and the kind of figures I should be tracking would be useful. I plan to update the table every week or so to see what happens this year.
bonner
Jan 24 2008, 02:38 PM
Dear Russell;
I think Bart of Darkness is a Sheffielder like myself.
The Post has been neglected because the area is very variable. The center of Sheffield full of flats that hey can only let to students. Very expensive areas to the South west of the city etc so not typical.
Sheffield S20 'mixed area' made me laugh as this is where I live. Prices are silly at times, but like everything if you shop around you get a bargin. Recentlya detached house was sold for less than £130,000 it had been converted from three to two and wanted decorating etc.
I havent done any calculation on average prices for a while. As a guess just in one area 'Sothall'.
Terrace at around £90,000, Semi at around £120,000, Detatched at around £170,000. There is some evidence that all the prices are negotiable. The detached market is interesting as most selling prices. The ones people actually pay are around £10,000 to £15,000 below what the EA's say they are.
The market is definitely quieter than it was a year ago.
Guess I will have to update my figures now.
msp430
Jan 24 2008, 05:54 PM
Its interesting to see some other Sheffielders on here. I bought a house back in October (yes I know the wrong time but needs must) it was obvious back then that the market was quiet to say the least. I was looking for a house in the Norton , Charnock , Mosbrough and Dronfield type areas. EA's couldn't do enough for me (well apart from the Halifax who only ever sent me leaflets for the Hillsborough area but thats the Halifax I didn't expect any different) and I found it interesting to sneak a look at the EA's computer screens when asking about a property. Usually they had been on the market a couple of months and were averaging 1 viewing every couple of weeks there were also little notes on the screen about how the EA had asked them to drop their price but the seller had refused. I spent a dismal month looking at overpriced houses (note to sellers if you build an extension on your drive so you have to park on the road it reduces the value of your property !) before coming across a nice property at a decent price and then knocking the seller down a bit more. Don't get me wrong though I'm sure the place will be worth less next year but this is a home not an investment.
Anyway I was bored earlier in the week and had a look at Rightmove and a few other EA's websites. It was amazing to see the same overpriced properties I visited back in September still on sale in fact it seems as though the market is totally stagnant. The thing is I get the feeling the market here had cooled even before the Northern Rock business.
By the way did anyone else notice the merry go round of houses on Mansfield Road ? For the last couple of years I have seen several houses (always small terraced) on there go for sale and be bought after a few weeks. Then a month or so later a "For Let" sign would go up and stay up for the next 3 months or so. There can't have been any takers as another "For Sale" sign would go up and the cycle would repeat. There appeared to be far more BTL'ers than there were people who wanted to rent. When I saw that it was quite obvious the market was a bubble waiting to pop.
Bart of Darkness
Jan 24 2008, 10:40 PM
QUOTE (bonner @ Jan 24 2008, 02:38 PM)

I think Bart of Darkness is a Sheffielder like myself.
Tis true. I won't go into too much detail about where I'm based but if you think Gleadless/S12 you won't be too far out.
I used to check prices fairly regularly but at some point in 2006 I gave up. At that point none of the recent problems (i.e. Northern Rock/Credit Crunch) had manifested themselves, so it got a bit disheartening to see the same prices and places cropping up.
One thing I have noticed is that on checking Propertysnake when it first started, average reductions in my chosen search areas (S12, S20) were usually 3 or 2%, with the odd 5%, now it's more like 8 or 7% with the odd !0 or 12%.
Looking just recently on Rightmove it seems that things are very much the same, asking prices haven't increased, but they haven't gone down much yet. As
msp430 says.....
QUOTE (msp430 @ Jan 24 2008, 05:54 PM)

Anyway I was bored earlier in the week and had a look at Rightmove and a few other EA's websites. It was amazing to see the same overpriced properties I visited back in September still on sale in fact it seems as though the market is totally stagnant.
Seems to sum it up for the moment.
QUOTE
Sheffield S20 'mixed area' made me laugh as this is where I live.
S20, in particular Sothall, is my main target area. It's supposed to be a pretty decent area. My main priorities are peace and quiet, would I be disappointed?
russell
Jan 25 2008, 12:37 AM
QUOTE (Bart of Darkness @ Jan 24 2008, 10:40 PM)

S20, in particular Sothall, is my main target area. It's supposed to be a pretty decent area. My main priorities are peace and quiet, would I be disappointed?
No, a lot of guys from work live round there and love it, they seem to be some of the best (quiet, clean, affordable(ish)) areas in Sheffield, I wrote 'mixed' as I couldn't think of a way to sum up the postcode, but I can see that it might be seen as negative, lots of points to anyone who can describe S20 in 5 words or less

.
I've found that the Sheffield council neighbourhood profiles are useful
http://www.sheffield.gov.uk/in-your-area/snisWas just gathering data from houseprices.co.uk and on the copyright notice it says that it's up to date to 30/11/07, there's either some data missing or we had massive drop in sales volumes in November
Same 5 postcode areas (S1, S3, S8, S10, S20)
-50% volumes Month on Month
-70% volumes Year on Year
Nov06 - 299 sales at 51M value
Oct07 - 184 sales at 32.5M value
Nov07 - 91 sales at 16M value
I'll add S12 to my data when I get time, plenty of semis to even out the mix of house types in my group.
PS - I drive past a 2-bed flat in an old converted house on the way to work, it's been on the market ever since I've lived here and today I spotted that they've dropped out of the Estate Agent thing and there's now a not so professional hand-painted sign up. What do people think; argument with agent, trying to save on fees for pocket, pass fees saving onto buyer?
Bart of Darkness
Jan 25 2008, 01:59 AM
QUOTE (russell @ Jan 25 2008, 12:37 AM)

they seem to be some of the best (quiet, clean, affordable(ish)) areas in Sheffield
Ta
russell, that sounds exactly what I'm after.
QUOTE
I wrote 'mixed' as I couldn't think of a way to sum up the postcode, but I can see that it might be seen as negative
Seems as fair a description as any but I can understand how the term could be interpreted negatively. Isn't Westfield an area to avoid buying into if possible?
QUOTE
I've found that the Sheffield council neighbourhood profiles are useful
I saw this quote on there about Sothall.
QUOTE
Sothall was identified by consumer credit group Experian as the fourth most under-priced place to live in the country, indicating that living in the neighbourhood represented good value for money.
I think the area is considered underpriced in terms of quality of life vs. cost of houses. Usually you have to pay extra for a decent area as everyone else wants to live there as well.
bonner
Jan 25 2008, 04:26 PM
Dear all;
Sothall, Yes its a nice place to live.
A few negatives though.
Dog do dah on the pavements and footpaths.
Idiot parking when schools are in or out.
Secondary schools are OK but not the best. Probably why the house prices are low coupled with the variable build quality. The mixed nature of some of the tenure. Some Leasehold, be careful when buying.
Primary schoools are good though.
From what I remember the original developer was Tarmac with a couple of smaller subsidiaries. One called Bellway. If you get the chance one of the older type properties with real floor boards are the type to go for. However, (isn't there always one of these) The small bore central heating system is interesting to say the least. Breath on the pipes and you get a leak! As the houses were built in the eighties some of the old bathroom suites will be in full technicolour if they havn't been changed. Also worth while seeing if the property has been insulated and the Barge bords and sofits replaced. There are even one or two houses on the estate that have the original windows.
As I wrote on the site somewhere else. The 'Mock Tudor-beathan' is expensive and built out of rendered block with a bit of black painted wood slapped on top. Must pay extra for the black paint???
I dont know about the underpriced bit, from the local government site. I think that the location and the two factors about mitigated against a massive price hike. Even so the have more than doubled in price in the last four years or so.
All things said I like the erea and most of the people in the area, A good area and if you are off the main drags quiet. Except for the lawn mowers in summer
Tag me if you want some of the stories about the original build.
Hugh Jerekshun
Jan 25 2008, 05:13 PM
I lived in S10 (Halfway) which is now S20, but moved away 22 years ago. In-laws still live in S20 (Waterthorpe). The area is quite pleasant and is well served by Crystal Peaks and Drakehouse for shopping. Quality of house build is poor though, In -laws live in a Hassall House (well named), quality of build was rock-bottom, no switch sockets, panel flooring which squeaks like a thousand rusty mice and the security locks were abysmal-the front door had a lock like a privacy lock fitted on a bathroom door! Not a bad area though, south of the city which is on the tram to city centre and beyond, and cheap to use! Also easy access to M1 N and S and close to neighbouring towns like Chesterfield, Rotherham and Derbyshire Dales.
Bart of Darkness
Jan 25 2008, 11:42 PM
QUOTE (bonner @ Jan 25 2008, 04:26 PM)

coupled with the variable build quality...
If you get the chance one of the older type properties with real floor boards are the type to go for. However, (isn't there always one of these) The small bore central heating system is interesting to say the least. Breath on the pipes and you get a leak! As the houses were built in the eighties some of the old bathroom suites will be in full technicolour if they havn't been changed. Also worth while seeing if the property has been insulated and the Barge bords and sofits replaced. There are even one or two houses on the estate that have the original windows.
QUOTE
Quality of house build is poor though, In -laws live in a Hassall House (well named), quality of build was rock-bottom, no switch sockets, panel flooring which squeaks like a thousand rusty mice and the security locks were abysmal-the front door had a lock like a privacy lock fitted on a bathroom door!
Some good points there about build quality. As I recall a lot of the houses were built during the late 80s, at a time when the last housing boom was underway, so a lot of the problems associated with modern new-builds would probably crop up here.
A mate of mine has a house in Mosborough which was built on a bit of spare land (not by one of the big builders) and it took him 5 years before he'd renovated it to his satisfaction (originally he bought it at a decent price from his parents).
aussieboy
Jan 26 2008, 12:53 AM
QUOTE (bonner @ Jan 25 2008, 04:26 PM)

SNIP
Secondary schools are OK but not the best. Probably why the house prices are low coupled with the variable build quality. The mixed nature of some of the tenure. Some Leasehold, be careful when buying.
SNIP
Which is the secondary school? You have to choose well in Sheffield...
bonner
Jan 26 2008, 12:50 PM
Dear Aussieboy;
QUOTE (aussieboy @ Jan 26 2008, 12:53 AM)

Which is the secondary school? You have to choose well in Sheffield...
True very true. The local catchment school is 'Westfield' a lot of parents also use 'Aston'. The DfES site has the reports and tables for both of the schools.
Now the old 'Westfield' was the old 'Eckington Gram' converted into a comp and sited in 'Westfied' Mosborough. The old site by the way was opposite Morrisons.
Westfield was Ok for quite a while, and started failing as a lot of secondaries in the South and Easten part of the city. The better schools are in the West and South west of the city. The price of houses in the good school catchment areas are high

There is quite a correlation between house prices and the quality of schools in Sheffield.
Westfield is now sited in a new build between the Sothall estate and the Tram lines. Don't know much about the Headteacher or the team of senior staff. I have both potential parent and professional opinions about the school though which I have not had chance to think through. Contributions to my thinking are most welcome.
Anyway back to house prices. I am working on a set of Figures for the Sothall area an will post these as soon as I am happy with the Stats etc.
Bart of Darkness
Jan 28 2008, 03:12 PM
QUOTE (bonner @ Jan 26 2008, 12:50 PM)

Anyway back to house prices. I am working on a set of Figures for the Sothall area an will post these as soon as I am happy with the Stats etc.
I'll look forward to reading that.
On a Sheffield related note, what does everyone think of the prospects for the "City Lofts" development now gradually taking form in the city centre? Given the delays in its construction (on-off-on-off) I think that it's timing itself perfectly to be a local example of the "skyscraper curse".
Although I currently live in a flat, it's a small scale kind of building, only 3 floors. I wouldn't fancy living in something as tall as City Lofts, in fact I wouldn't fancy living in the city centre full stop.
ChumpusRex
Jan 28 2008, 06:24 PM
I don't really know what to say about City Lofts. I'm really amazed that it ever got to the construction stage.
I mean the idea of a very flash building right in the heart of the historic central district is great, as are the generally flash decor, from stone/marble atrium and stone worktops and fancy fittings in idividual flats. But, who are they trying to kid with 300 sq ft studios for £179k- even the larger '2 bedroom' flats are barely 700 sq ft - with asking prices in excess of £300k for the ones on the upper floors.
To be fair, I think it would be pretty cool to live there - but then I'm young and single, and work close to the city centre. It would, however, be quite unsuitable if I had or wanted a family. I quite like my place elsewhere in the city centre - but it's a lot bigger (at about 900 sqft) and a lot cheaper.
If the asking prices weren't stratospheric, and the flats were a decent - perhaps 2x the size, then I think they'd have a winner. But there's no way I, nor anyone I know, would consider paying the asking price for such shoeboxes, no matter how plush the surroundings. Luxurious fittings are one thing, and are nice to have; but they serve little purpose if the home they are decorating is only barely habitable because it is so cramped.
The other thing that concerns me with these new small flats is the general poor design, and the fact that the rooms don't have sharp corners like in more conventional houses; there corners may go in, in order to accomodate girders and stuff. This can make installing storage cupboards, and curtains/blinds nearly impossible. This is a problem, but is not critical, in my place; but looking around at other new developments (e.g. the one at Leopold Square) you're going to have real problems if you wanted to buy wardrobes and stuff, and you'd almost certainly have to pay to have them custom designed and built, otherwise they wouldn't be able to go flat against the walls, etc.
msp430
Jan 28 2008, 09:49 PM
I suspect it is also the poor quality of the local comp school that keeps prices low in S12. On the whole the area is decent with pretty low crime , OK local shops etc etc. But the default senior school for children in the area is the Springs Academy known locally as the "Slasher Academy" means a lot of families want to avoid it. You can still pick up a 2 bed semi (that needs work) for the £100K mark with nice 3 bed semis that have everything done for £140K ish and finally detached from £160K upwards. That said the new build 2 bed flats on Gleadless Road are up for £120K (but without many takers) and one of the new build detached houses on Gleadless Common was on sale at £250K at one point before it seems being repossessed and then eventually selling for £165K (still a bit high for my liking).
As I mentioned in a previous post the market in S12 seems stagnant at the moment with no buyers around but sellers still not wanting to drop their prices. Eventually something will have to happen.
As for City Lofts god knows who would ever be daft enough to buy one at those prices. I have visions of them all being bought up by housing associations in 10 years time and the special atmosphere of the Park Hill flats being recreated
russell
Jan 28 2008, 10:23 PM
QUOTE (Bart of Darkness @ Jan 28 2008, 03:12 PM)

On a Sheffield related note, what does everyone think of the prospects for the "City Lofts" development now gradually taking form in the city centre? Given the delays in its construction (on-off-on-off) I think that it's timing itself perfectly to be a local example of the "skyscraper curse".
Well here's one of the many press releases on the development, this one on the Yorkshire Forward website which is the government body that provides funding support from the EU for the Yorkshire region.
http://www.yorkshireforward.com/www/view.a...p;parent_id=263QUOTE
High-quality city dwelling in Sheffield is 'in demand'
18/12/2007
High-quality accommodation in Sheffield city centre is in "demand" according to new reports.
Global property consultancy Knight Frank has said that the steel city looks set to power through fears of a credit crunch in the UK, due to its relative shortfall in supply of city living units compared to other key city centres.
Tearle Phelan, head of residential development at Knight Frank, said: "City Lofts' St Pauls in the 'Heart of the City' development has not only provided Sheffield with its first iconic scheme but it has demonstrated the strength of demand for a premium product within Sheffield's city living market."
A two-bedroom apartment at the city centre development starts at between £225,000 and £400,000, compared with a standard specification two-bedroom apartment which on average sells for between £165,000 and £185,000.
Tearle added: "Regeneration is taking place on a large scale in Sheffield. The 'Heart of the City' programme will provide 301,000 square feet of commercial space, 316 residential units and a £200 million new public realm."
Sheffield city centre's population of 20 to 34-year-olds is more than double the UK's national average and this factor coupled with its excellent transport links are key factors in the growing demand for city centre living.
Knight Frank estimates that new homes market across the main northern cities will see static growth in 2008 while family housing in the region will perform more strongly, achieving a four to five per cent annual growth.
Problem is that my demand for this high-quality housing in the city centre drops significantly when you mention the price. I like the sound of a public realm though

sounds medieval.
There's not many for sale off-plan at the moment, did they sell a load, or do they just drip feed the market to create the feeling of strong demand?
ChumpusRex
Jan 28 2008, 11:35 PM
QUOTE (russell @ Jan 28 2008, 10:23 PM)

Problem is that my demand for this high-quality housing in the city centre drops significantly when you mention the price. I like the sound of a public realm though

sounds medieval.
There's not many for sale off-plan at the moment, did they sell a load, or do they just drip feed the market to create the feeling of strong demand?
It does look and sound great. I must confess I was dead excited when I saw the brochures and saw the advertising. But, it was a) the price, and

the tiny size that put me off completely.
I did take a look at the sales suite a few weeks after the released the first lot to market - and the majority of the apartments 'released' had been sold or 'reserved', including the £450k 750 sqft pentouse. From what I saw they were doing quite a roaring trade - with the sales room full of people, and queues to talk to the reps.
I haven't been back more recently. I did check the website and there aren't that many available - whether that's because they've been reserved or sold, I don't know.
Bart of Darkness
Jan 29 2008, 08:09 AM
QUOTE (ChumpusRex @ Jan 28 2008, 06:24 PM)

I don't really know what to say about City Lofts. I'm really amazed that it ever got to the construction stage.
I've followed the development in a casual kind of way over the past couple of years and it always seem to be on, then off, then back on again.
QUOTE (ChumpusRex @ Jan 28 2008, 06:24 PM)

To be fair, I think it would be pretty cool to live there - but then I'm young and single, and work close to the city centre. It would, however, be quite unsuitable if I had or wanted a family.
Agree 100%. Great in your 20s. Even into early 30s, but by that time you'd be wanting something a lot bigger if you plan to have a family. Whether it would be still be worth what someone would have paid for it when they were say, 25, by the time they wanted to move on at say 30, is the thorny question.
QUOTE (russell @ Jan 28 2008, 10:23 PM)

Problem is that my demand for this high-quality housing in the city centre drops significantly when you mention the price.
QUOTE (russell @ Jan 28 2008, 10:23 PM)

There's not many for sale off-plan at the moment, did they sell a load, or do they just drip feed the market to create the feeling of strong demand?
I get the feeling that they're being released in phases.
QUOTE (ChumpusRex @ Jan 28 2008, 11:35 PM)

It does look and sound great. I must confess I was dead excited when I saw the brochures and saw the advertising. But, it was a) the price, and

the tiny size that put me off completely.
I did take a look at the sales suite a few weeks after the released the first lot to market - and the majority of the apartments 'released' had been sold or 'reserved', including the £450k 750 sqft pentouse. From what I saw they were doing quite a roaring trade - with the sales room full of people, and queues to talk to the reps.
I would guess that the penthouse suite would be a good draw for any affluent players from the Blades or the Owls (do they pay those kind of wages though?).
bonner
Jan 30 2008, 02:42 PM
Here are te results of the sothall area.
The main graph shows the prices from 2006 to the end of 2007. It appears that its fairly flat with a lot of variation.
The histogram shows the frequency of the price bands. Illustrates that the whole is non normal. i.e., Skewed
with the mode at around £177,000.
Descriptive Statistics Detached Houses
Mean 179466.5476
Standard Error 4373.260511
Mode 176475
Median 210000
Standard Deviation 40081.59465
Kurtosis 5.690680476
Skewness 0.993604552
Range 286500
Minimum 73500
Maximum 360000
Count 84
Confidence Level(95.0%) 8698.239101
Guide price for detached houses are difficult to examine but as a guess they have been fairly flat for a year. The figures don't show the different types of detached houses either. But from examining the Land registry records and knowing the area:-
Type a four or more betroom detached £190000 plus
b larger three bedroom detached £170000 to £190000
c Smaller three bedroom detached £15000 to £170000
Semi's to follow
russell
Jan 31 2008, 01:24 AM
Well I had planned to track movements on Property Snake weekly, but updating the figures tonight I noticed that it's not picking up the postcodes correctly, so I'll agree with the many other posts on the site that it's fun for anecdotals, but pretty useless for stats.
I've decided to keep tracking the number of 2 beds for sale on rightmove.co.uk for under 100k, mainly because that's what I'll probably end up buying whenever I call the bottom and the number of 2 beds for rent between 400 and 600pcm, as that's where I'll be living until then.
The numbers show current figure and (previous week)
For Sale 2 beds under 100k
S1 - 2 (2)
S3 - 7 (7)
S8 - 23 (22)
S10 - 0 (0)
S12 - 15 (N/A)
S20 - 27 (28)
To Rent 2 beds 400-600pcm
S1 - 22 (17)
S3 - 33 (34)
S8 - 37 (38)
S10 - 22 (26)
S12 - 18 (N/A)
S20 - 22 (21)
Enjoyed the data from bonner on Sothall, been a while since I've had to remember what Kurtosis indicates (thanks Google), looking forward to the info for semis.
bonner
Feb 3 2008, 12:24 PM
Dear All;
Here is the results of the data for Semi's in the Southall area.
Descriptive Statistics Semi
Mean 129698.9
Standard Error 3272.116
Median 160000
Mode 140000
Standard Deviation 28337.35
Sample Variance 8.03E+08
Kurtosis 3.814364
Skewness -0.46735
Sum 9727420
Count 75
Largest(1) 203000
Smallest(1) 67500
Confidence Level(95.0%) 6519.832
The graph for the data is in the attached file:-
These show that the market for Semi's in the area has not been as flat as for detached houses.
The mean price is £130,000 with a variability of around £28,000.
Again there are some differentces in the type of Semis Available.
As an extra the house next to us has just had its sign removed. It was in the market for £175,000 dropped to £165,000
its leashold still too highly priced. If they had dropped it to £155,000 they would have sold it. However now they have no chance.
I have the data for terraced and flats. I wil try and get around to these if there is demand.
As a post script I did some work on the bubble in prices by the way. It was some time ago, but I thought that prices would drop sometime between mid 2005 and mid 2008. Shows that the stats can tell you all sorts of things.
Bart of Darkness
Feb 3 2008, 05:13 PM
QUOTE (bonner @ Feb 3 2008, 12:24 PM)

These show that the market for Semi's in the area has not been as flat as for detached houses.
I'm guessing here but I would suppose that the market for semi's has more "life" in it because they're more in the kind of price range that people can afford?
QUOTE (bonner @ Feb 3 2008, 12:24 PM)

As an extra the house next to us has just had its sign removed. It was in the market for £175,000 dropped to £165,000
its leashold still too highly priced. If they had dropped it to £155,000 they would have sold it. However now they have no chance.
Kite flying?
msp430
Feb 4 2008, 06:41 PM
When I got into work this morning I discovered a leaflet had appeared on just about every notice board in the building. This leaflet lists a web address ..
http://one.xthost.info/flat4sale/which isn't a website just a reproduction of the leaflet. It looks like someone who has watched one to many amateur property dealer shows on Channel 4 is trying unload his off plan flat in St Pauls to a bigger mug already.
I just can't believe anyone would buy a one bedroom flat on the third floor (so loads of traffic noise and drunks) for £153K when that would buy you a detached house in some fairly reasonable parts of the city
ChumpusRex
Feb 4 2008, 07:11 PM
Do you think that the e-mail address is meant to be falt4sale@...?

I'm tempted to e-mail an offer of £75k just to see if I get a reply.
Sheesh - that has to be one of the worst flats in the block. 500 sqft and close to the ground.
Bart of Darkness
Feb 5 2008, 05:49 PM
QUOTE (ChumpusRex @ Feb 4 2008, 07:11 PM)

Do you think that the e-mail address is meant to be falt4sale@...?

Do you think he's using a fastmail address because he wants a quick sale.
QUOTE
“There is no doubt there can be no finer location, no finer address, in the centre of Sheffield.â€
Come on! I know Sheffield isn't perfect but surely we can offer something better than this.
St Paul's Parade is preferable IMO. A better view than a busy dual carriageway anyway.
russell
Feb 7 2008, 12:00 AM
Numbers show current figure and (previous weeks)
For Sale 2 beds under 100k
S1 - 2 (2, 2)
S3 - 8 (7, 7)
S8 - 27 (23, 22)
S10 - 0 (0, 0)
S12 - 14 (15, N/A)
S20 - 29 (27, 28)
To Rent 2 beds 400-600pcm
S1 - 21 (22, 17)
S3 - 43 (33, 34)
S8 - 35 (37, 38)
S10 - 24 (22, 26)
S12 - 17 (18, N/A)
S20 - 21 (22, 21)
Not much to note, although I did spot a flat with the first month rent free, seen that kind of deal on commercial rentals, but not residential.
http://www.rightmove.co.uk/viewdetails-180...4&tr_t=rentPS - Anyone in Darnall area, the refurbed Davy office building rebranded as 722 on Prince of Wales road that has sat empty for a couple of years (after Norwich Union pulled out of using it as a call centre) is about to get a new load of tenants. If you have a sandwich van you might want to start making it a stop on your route over the next few months.
bonner
Feb 7 2008, 01:30 PM
Dear Russell;
The Davy building is huge. I used to work there in the late 70's.
The developer will have to spend a lot to turn it into smaller units.
Always reminds me when Sheffield had proper jobs. Not just doing each others hair or talking C**P on the phone to flusstomers.

Which reminds me anyone got a handle on the flats that are going up on "West Street" Sothall. I wonder what inflated price they are trying to sell them at. Obviously aimed at the 'upwardly mobile' in the area.
I have been watching them being thrown up! Interesting building methods. About one meter of concrete and re inforcement on the ground slab to stop heave from the Quarry that used to be on the site.
russell
Feb 7 2008, 11:46 PM
QUOTE (bonner @ Feb 7 2008, 01:30 PM)

The Davy building is huge. I used to work there in the late 70's.
The developer will have to spend a lot to turn it into smaller units.
I was doing some contract work for a company that was considering moving there so got to look around. They've put full width floor plates across what I believe used to be the drawing office, they were available on a per floor basis with a rough capacity of 250 people per floor (22,000 sqft). The tower section at the end was also available on a per floor basis, probably 20-30 people per floor over 6 or 7 floors. If it does start to fill up (like I've heard), then we're talking nearly 1000 people!
Must be tough for the developers, they refurbished the place at least 2 years ago on a promise of a Norwich Union call centre

but Norwich Union pulled out and it looks like they've struggled to shift the place since. They were offering some decent incentives for tenants and it was easily the cheapest price per sqft in Sheffield for a modern fit-out with raised access floors to run cables under.
aussieboy
Feb 9 2008, 01:23 AM
QUOTE (bonner @ Jan 26 2008, 12:50 PM)

Dear Aussieboy;
True very true. The local catchment school is 'Westfield' a lot of parents also use 'Aston'. The DfES site has the reports and tables for both of the schools.
Now the old 'Westfield' was the old 'Eckington Gram' converted into a comp and sited in 'Westfied' Mosborough. The old site by the way was opposite Morrisons.
Westfield was Ok for quite a while, and started failing as a lot of secondaries in the South and Easten part of the city. The better schools are in the West and South west of the city. The price of houses in the good school catchment areas are high

There is quite a correlation between house prices and the quality of schools in Sheffield.
Westfield is now sited in a new build between the Sothall estate and the Tram lines. Don't know much about the Headteacher or the team of senior staff. I have both potential parent and professional opinions about the school though which I have not had chance to think through. Contributions to my thinking are most welcome.
Anyway back to house prices. I am working on a set of Figures for the Sothall area an will post these as soon as I am happy with the Stats etc.
Looks like things have moved on since I were a lad. I think it was City school around there back in the day. I hear that it closed down, not to too many tears, I shouldn't have thought. My alma mater was also canned... a fate which it roundly deserved.
bonner
Feb 10 2008, 10:12 AM
Dear All;
Update on the house next door.
Now been withdrawn from the market. As said £165,000 for a small detached leashold property even if its on a courner is too expensive for the area. Probably now at least £10,000 above what it needs to be.
I also noticed that a couple of the houses on the walk to the school have now been sold. I look forward to reading the Land Registry site. I had thought that the ones that were for sale in Sothall would still be on the market for quite a while as yet.
Talking of school Aussieboy my alma mata was Carter Lodge. 'Steps back and waits for the indrawing of breath and shakes of the head'
I remember the City school as well. Used to be very flash compared.
russell
Feb 13 2008, 08:51 PM
Numbers show current figure and (previous weeks)
For Sale 2 beds under 100k
S1 - 1 (2, 2, 2)
S3 - 8 (8, 7, 7)
S8 - 31 (27, 23, 22)
S10 - 1 (0, 0, 0)
S12 - 12 (14, 15, N/A)
S20 - 29 (29, 27, 28)
To Rent 2 beds 400-600pcm
S1 - 22 (21, 22, 17)
S3 - 54 (43, 33, 34)
S8 - 38 (35, 37, 38)
S10 - 33 (24, 22, 26)
S12 - 16 (17, 18, N/A)
S20 - 19 (21, 22, 21)
Nothing major to note, a place for sale in S10 has appeared, but it's a retirement apartment. The rentals in S3 are up again, looks like they've just finished a new development on Lancaster Street.
Bare Behind
Feb 19 2008, 10:23 PM
Bart
Can't help noticing you raised City Lofts at St Pauls - I have heard a rumour that not all is well at the parent company with the vast majority of their projects now having problems due to funding issues. Apartment prices are inflated so investors think they are getting a deal and they sold 180 up to Sept 07 and pretty much a small number since. Credit crunch?
Internal finishes look good though.
BB
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