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Derbyshire Lane, Sheffield, S8

Yorkshire

£230,000
Listed on 06/06/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1873 sqft

Description

This spacious plot, measuring 595 m² (approximately 6405 sq ft), is situated in a serene woodland setting between Derbyshire Lane and Scarsdale Road. It comes with full planning permission for a stylish five-bedroom detached home known as The Elms, offering significant renovation and investment potential. The proposed design of The Elms emphasizes natural light and takes advantage of the plot’s elevated position, providing unobstructed views towards the Peak District. A key feature of the design includes a large roof terrace that extends from the main living space, ideal for outdoor entertaining or simply taking in the scenic landscape. Additionally, two of the five bedrooms are designed to include private terraces, enhancing the appeal of outdoor living directly from your personal space. The property also boasts a spacious garden along with three dedicated parking spaces. While buyers can move forward with the approved design, there’s also an opportunity to submit alternative plans for a completely custom build, pending planning approval. This flexibility allows homeowners to tailor their residence to meet their specific needs and preferences. Located just ten minutes’ walk from Chesterfield Road where you can find various shops and cafés, Houndkirk View offers convenient access to urban amenities while maintaining a peaceful retreat. The city center of Sheffield is reachable within ten minutes by car, and both the M1 motorway and Peak District National Park are approximately twenty and fifteen minutes away, respectively. Houndkirk View is part of an exclusive development that includes a mix of homes designed to blend seamlessly into their natural surroundings. With three plots already under construction at the southern end, this community presents a vibrant environment in which to live while benefiting from close proximity to Sheffield’s rich array of activities and services. Investing in this property not only allows for personalization but also offers long-term value potential. Buyers benefit from Stamp Duty Land Tax being applicable only on the plot price, which could translate into significant savings compared to acquiring an existing property. For those interested in exploring this unique opportunity further or scheduling a private tour of Houndkirk View, please reach out for more information.

Investment Analysis

(S8 area)

Below Market Value

This property is priced -53.5% below area average per sq ft

-53.5%
Potential saving
This Property
£123/sq ft
Area Average
£264/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£544,228
10% above area average per sq ft
Potential ROI
+13.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (S8)

Area prices are rising by +3.9% over the last 12 months
3 year growth: 8.3%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on S8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Derbyshire Lane, Sheffield, S8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£843
Based on a loan of £172,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE