Almost two-thirds of flats have now been sold in the first phase of Sheffield’s revamped Park Hill flats, developer Urban Splash has revealed.
Fifty out of 78 properties have sold, which the company says is ‘encouraging news’ at a time when the housing market remains sluggish.
However, the pace of sales has slowed in recent months, with 40 of the sales at Park Hill coming in the first year after properties went on sale in October 2011.
Only 10 more sales have been completed since then, although the company said ‘several’ more flats are under offer and that transactions are now picking up again.
A spokesman for Urban Splash said: “The first flank is now two thirds full and the remaining flats are being sold at a rate of three a month, along with an additional steady flow of enquiries.
“This presents a healthy position for the redevelopment.”
He added: “Two companies have moved into the commercial space. Creative agency Über has taken a total of 3,963 square feet for its 28 staff, and design agency Human Studio 1,103 sq ft.”
The first residents to move in have been enthusiastic about their new homes.
Catherine Fletcher, a history lecturer at Sheffield University, said: “I’m enjoying it very much. I like the flat. It’s well-designed, and handy being five minutes from the station and 20 minutes from work.
“I work in public history, although my area is the 16th century, so I have an interest in heritage and it’s appropriate I’m living in a listed building.”
Greg Clark, joint managing director at Über, said: “We are delighted to have moved into our new office at Park Hill and we are looking forward to being part of the community.”