These are the Sheffield postcodes where property prices rose fastest in 2019
The postcodes in Sheffield where property prices rose fastest during 2019 have been revealed – and some of the results may surprise you.
The estate agent Sheffield Residential has trawled through the statistics for the last 12 months to uncover the city’s biggest housing hot spots.
Across the city, it found values increased by 1.06 per cent on average during the year, adding £2,185 to the price of a typical home.
The company’s managing director Maz Iqbal said: “Sheffield Residential has looked into some statistics over the past 12 months to work out which five areas in Sheffield could be ‘hotspots’ next year, and some of the results may come as a surprise.
“There are some areas in Sheffield that have been popular for decades and still have strong reputations, but in terms of value increase, the percentage isn’t as high as areas where typical values are lower.
“S6 is the postcode that has had the highest increase in property values. Over the past 12 months properties there have increased by 2.84 per cent.
“Despite the negative publicity and the Channel 4 documentary that didn’t paint the best picture, S4 has the second highest value increase at 2.68 per cent. The initial low value meant the percentage increase was always likely to be relatively high. Property values in S4 remain the lowest in the city, but are on the increase at over double the Sheffield average rate.
“S5, which also has low property values, has seen a sharp increase too. Over the past 12 months values have increased by 2.33 per cent.
“S20 has the fourth highest increase of property values, at 1.83 per cent. Properties in this postcode have a very similar average value to those in Sheffield as a whole.
“S12 is fifth, with a 1.6 per cent increase over the past 12 months. S12 is also a very affordable area and is popular amongst first time buyers.
“In summary, there are positive signs for the Sheffield property market. Compared to the other big cities, property prices have increased more than in London, but the average property values in Manchester, Leeds and Birmingham have all risen at a higher percentage than Sheffield.”