Average property prices across Sheffield's distinctive neighbourhoods, from Victorian terraces in the city to family homes in the leafy suburbs.
Based on Land Registry sold price data for Sheffield
Sheffield's property market has benefited enormously from its unique combination of urban regeneration and outstanding natural environment. The city, famous for its steel heritage and now growing tech and advanced manufacturing sectors, offers property at a fraction of London or Manchester prices while delivering excellent quality of life. The "摩" (Mechanics') area has transformed into a vibrant tech hub, attracting young professionals and driving apartment demand in the city centre.
The standout feature of Sheffield is the price differential between property types. Detached family homes in sought-after areas like Ecclesall, Ranmoor, and Dore can command premium prices, but the city's extensive Victorian and Edwardian terraced stock provides excellent entry points. Crookes, Walkley, and Sharrow Vale offer period character with Victorian architecture at accessible prices, while newer developments at Boundary Mills and near the train station cater to modern tastes.
Sheffield's educational institutions play a significant role in the market. The University of Sheffield and Sheffield Hallam University create consistent demand for student accommodation and rentals, while the city's highly regarded schools — including the selective entry schools — drive family purchases in catchments like Broomhill, Crookes, and Greystones. The ongoing regeneration of the city centre, with the ongoing Clearwell development and Heart of the City II project, continues to enhance the city's appeal for investors and owner-occupiers alike.
The average house price in Sheffield is approximately £215,000. By property type: flats average £130,000, terraced houses £160,000, semi-detached properties £210,000, and detached houses around £310,000. Sheffield offers excellent value compared to other major cities.
Ecclesall, Ranmoor, Dore, and Greystones are the most sought-after family areas, offering good schools, proximity to the Peak District, and larger detached homes. Crookes and Broomhill are popular for families wanting Victorian character homes at moderate prices.
Sheffield city centre has seen significant apartment development, with strong rental demand from young professionals and students. The ongoing regeneration and tech sector growth make it attractive, though the rental market is competitive. Prices have shown steady growth, though not as rapid as some other Northern cities.
As Sheffield is in England, Stamp Duty Land Tax (SDLT) applies. First-time buyers pay nothing on properties up to £300,000. Standard rates are 0% on the first £250,000, then 5% on the portion up to £925,000. The 3% surcharge on additional properties also applies.