This home on Button Hill, Ecclesall, sold for £570,000 - £45,000 over the asking price. Picture: Purplebricks.

These homes have all sold within days for more than the asking price in the postcodes driving Sheffield’s property market boom

Demand for homes is booming in certain Sheffield postcodes, an estate agent has revealed, with houses being sold within days and at significantly over the asking price.

Thursday, 11th February 2021, 12:22 pm

Despite the latest lockdown, homes for sale in the S10, S11 and S17 areas are highly sought after, according to property firm Purplebricks.

The company says this surge has been driven by the Stamp Duty holiday and more affordable lending from banks, with the effects clearly seen in popular neighbourhoods where the demand is very high and there is a shortage of properties for the number of buyers.

Luke Williams, Purplebricks’ local property expert for Sheffield, said: “There has definitely been a shift in Sheffield house buyers’ priorities over the past year, as they seek properties which are close to open countryside but also commutable to the city centre. People want more indoor living space, especially an extra living room to convert into an office or children’s playroom, and a bigger garden.

“The S10, S11 and S17 postcodes have a lot of big, four and five bedroom detached houses. The areas are affluent, with very good primary and secondary schools, and border the Peak District with its stunning walks. These properties have always been popular, and people strive to live there. We’ve seen a lot of properties in these postcodes going for significantly over the asking price as there simply aren't enough houses compared to the number of people who want to live in these areas.

“House prices in S10, S11 and S17 have risen by ten to 15 per cent over the past year, and I think these areas will remain popular as people have reevaluated what they want from a home. My tip for buyers keen to move into these postcodes is to consider a property at the lower end of the market, such as a terrace, and use this as a stepping stone to a bigger property.”

Read on below to see seven properties Purplebricks has recently sold quickly in S10, S11 and S17 for more than the asking price.

To see more homes on the market right now join our Facebook group all about property – click here to become a member.

Page 1 of 2