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Derbyshire Lane, Sheffield, S8

Yorkshire

£230,000
Listed on 06/06/2025

Property Details

Bedrooms
5
Type
Plot
Area
1873 sqft

Description

Plot Number Four at Houndkirk View presents a rare opportunity to acquire a prime building plot within an exclusive development of just seven plots, set in a serene woodland area. With full planning permission for a thoughtfully designed 5-bedroom detached home known as The Elms, this location promises not only comfort but also significant investment potential. The design capitalizes on the elevated position of the plot, providing stunning views towards the Peak District and featuring an impressive roof terrace that enhances both indoor and outdoor living spaces. The garden's size and the inclusion of three parking spaces further add to its appeal. Buyers have the flexibility to proceed with the approved design or reimagine their own vision for a bespoke home, subject to planning approval. The custom build process offers guidance from experienced professionals, ensuring that the project aligns with personal preferences and budget considerations. Located just minutes from local amenities and major transport links, this property is positioned for both tranquillity and accessibility. Residents will enjoy a close-knit community atmosphere while benefiting from all the recreational activities nearby. With potential cost savings on Stamp Duty Land Tax applicable only to the plot price, this development not only offers immediate lifestyle benefits but also long-term value appreciation as it progresses.

Investment Analysis

(S8 area)

Below Market Value

This property is priced -54.3% below area average per sq ft

-54.3%
Potential saving
This Property
£123/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£208
Avg Yield
4.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£553,809
10% above area average per sq ft
Potential ROI
+58.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (S8)

Area prices are rising by +2.6% over the last 12 months
3 year growth: +5.3%
5 year growth: +21.9%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£815
Based on a loan of £172,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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