This is the Sheffield street that has the biggest property price gap – with a £975,000 difference between the most and least expensive homes

But a property’s investment potential can be important too, if an address is likely to increase in value or a homeowner can add value themselves through improvements.

The key to finding a good investment is location – and new research has offered a helpful guide on where to look.

Using official data from the Land Registry, the online estate agent Strike has revealed the UK streets where property prices vary the most, suggesting there are some profitable purchases waiting to be made.

In Sheffield, the street with the biggest price gap is Stumperlowe Crescent Road in Fulwood.

There was an enormous £975,000 difference between the most and least expensive house sold on the street in 2020 – a five-bedroom detached house sold for £1.95 million there in February, but its neighbour just a few doors away went for exactly half of that less than six months later, as a detached property was bought for £975,000 in May.

More than 252 UK streets have over £1 million between their most and least expensive homes, the study found.

Of nearly 250,000 streets where a house has sold this year, Brompton Square in London’s Royal Borough of Kensington and Chelsea had the largest price range, with a huge £11.3 million between its highest and lowest sale.

While a five-bedroom terraced house on Brompton Square sold for £17.8 million in April, a property less than 20 yards away sold for £6.5 million a few months earlier. Despite selling for a far smaller sum, the latter had two more bedrooms.

Nearly all of the top 10 streets are in London, with Blackfriars Road, Southwark and Cork Street, City of Westminster, having the second and third largest differences at £8.35 million and £7.3 million respectively.

The one exception is Banks Road on the exclusive Sandbanks peninsula in Poole, Dorset, home to football stars Harry and Jamie Redknapp.

Outside London, Strike says the best opportunity is in York where one street had homes with a price difference of £2.65 million in 2020. A house sold for £100,000 on Marygate, York, in August, while another was bought for £2.7 million.

To see more places on the market in and around Sheffield right now join The Star’s Facebook group all about property – visit https://www.facebook.com/groups/thestarproperty to become a member.

In these confusing and worrying times, local journalism is more vital than ever. Thanks to everyone who helps us ask the questions that matter by taking out a digital subscription or buying a paper. We stand together. Nancy Fielder, editor.