Five Reasons to Invest in Sheffield

1. Property Prices

According to Zoopla’s latest market report, the average property price in Sheffield is £171,600. This is considerably lower than other northern cities such as Leeds and Manchester where the average property would cost £208,000 or £219,000 respectively. Lower prices also make it far easier to save for deposits when buying a property using a mortgage. This is one of many reasons investors are leaving London.

This makes it the ideal location for first-time investors or seasoned investors looking to add to their investment portfolios. Lower property prices also represent lower-risk investments, meaning your capital is more secure if property prices were to dip.

To find out more about Sheffield councils plan for the city, read more, here.

3. High Yields

Rental demand is high in Sheffield, partially because of the graduate retention rate of Sheffield Hallam University. The university is a huge draw for young adults in the city and with many amenities and jobs available, large numbers of graduates stay in Sheffield beyond their university years.

With high rental demand comes higher rental prices and as Sheffield property prices are low, the rental prices offer better yields. The creation of new jobs from the Heart of the City scheme will further fuel this rental demand as more skilled professionals move to Sheffield. Right now, properties in Sheffield can yield as high as 7%, offering a large return on investment for investors.

5. Green Living

Sheffield boasts the highest tree-to-person ratio in Europe, with over two million of them across the city. With 250 public parks and over 52 square miles of national parks, Sheffield is one of the greenest cities on the continent. The city council are committed to furthering the city’s green living through future developments.

To investors, this means an increased quality of life for residents and a more sustainable future for Sheffield. Securing a development sooner rather than later may put investors in a position of strength as the city council may be reluctant to build on green land in an effort.

For residents, there are plenty of green activities around the city such as Parkwood Springs which boasts an exciting cycle path for adrenaline junkies. However, for those looking to enjoy a quiet weekend activity, Westwood Country Park is full of history and includes the route of the old railway system, which opened in 1854, making it a perfect location for a long stroll.