Property for sale: Sheffield still one of cheapest places to buy a house

Sheffield is still one of the cheapest cities in England to buy a house despite the booming property market.

Friday, 14th January 2022, 2:29 pm

Research by property experts shows the house price per square metre in Sheffield is £1,553, making it cheaper than Leeds, Manchester and Newcastle.

Not surprisingly, London tops the price list with a figure seven times more than Sheffield at £7,731.

The research comes from the Open Property Group, a professional house buying company, which used address-based matching between the Land Registry’s price paid data and property size information from the Ministry for Housing.

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Only Bradford and Stoke were cheaper than Sheffield. Houses in Stoke sell for an average of £1,104 per square metre, according to the data.

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Property for sale: These Sheffield postcode houses are all new to market in 2022... Managing Director, Jason Harris-Cohen said: “While the British public is used to seeing a house price that reflects the entire property package, knowing the actual cost per square metre is a far more effective way of evaluating value for money.

"Using this method, buyers can compare the price of a like-for-like size property anywhere in the country, without superficial factors in the equation, which is essential for buy-to-let purchasers or anyone looking to add value.

Sheffield is one of the cheapest cities in England to buy a house per square metre

“Pricing per square metre, however, isn’t just for investors. Being able to compare the cost of each square metre in different UK locations feeds into a key property trend for 2022 - knowing exactly how much space your money will buy you. This is important for many movers as there’s still pent-up demand for extra bedrooms, living space and a home office.”