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Slate Street, Sheffield, S2

Yorkshire

£160,000

Listed on 03/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1047 sqft

Description

This three-bedroom terraced home in Heeley presents a noteworthy opportunity for cash buyers seeking a renovation project. Spanning three levels, the property offers spacious accommodation that can be modernised to enhance its value. The living area is bright and inviting, thanks to a large front window, while the rear dining kitchen is well-sized with potential for transformation into an open-plan layout. A useful cellar provides additional storage or potential for conversion with necessary consents. On the first floor, there are two bedrooms and a family bathroom requiring general updating, reflecting its competitive pricing. The top floor features a converted attic bedroom, ideal for use as a third bedroom or workspace with natural light from a roof window. Outside, there is forecourt frontage and on-street parking available. Located in the desirable Heeley suburb, known for its community vibe and convenient access to local amenities and Sheffield city centre, this property is perfect for investors or those looking to take on an exciting refurbishment project.

Investment Analysis

(S2 area)

Below Market Value

This property is priced -23.7% below area average per sq ft

-23.7%
Potential saving
This Property
£153/sq ft
Area Average
£200/sq ft
Avg Rent (weekly)
£182
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£230,801
10% above area average per sq ft
Potential ROI
+18.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (S2)

Area prices are falling by -7.0% over the last 12 months
3 year growth: +8.8%
5 year growth: +21.8%
Investment Disclaimer: Analysis based on S2 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

Slate Street, Sheffield, S2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£604
Based on a loan of £120,000 over 30 years at 4.45% 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

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