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Sheffield

Yorkshire

£250,000

Listed on 16/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1561 sqft

Description

Presenting an exceptional opportunity for investors and developers, this building plot offers the potential for a custom-designed detached dwelling in a prime location close to Sheffield City Centre. Spanning approximately a quarter of an acre, the site is situated on slightly elevated ground accessed via Belmonte Gardens, providing ease of access along with proximity to a vast array of urban amenities. Planning permission has already been secured from Sheffield City Council (ref. 23/03644/FUL) for the construction of a single-storey home featuring thoughtfully planned living spaces centered around a courtyard. The proposed layout includes three double bedrooms—featuring a master suite with an ensuite bathroom—and an open-plan kitchen, dining, and living area tailored for contemporary lifestyles. Additionally, there is a detached home office which could serve as an ideal gym or workspace. As this plot does not currently have any connections to mains services, prospective buyers should consider the implications and costs associated with connecting utilities such as electricity, water, and drainage that are available nearby. With its advantageous position less than a mile from the city center and easy access to transportation links including major roads and railways, this location balances tranquil living with urban convenience. For those looking to capitalize on Sheffield's vibrant community with its educational institutions and recreational offerings—including nearby access to the stunning Peak District—this property certainly provides a rare investment opportunity.

Investment Analysis

(S2 area)

Below Market Value

This property is priced -20.1% below area average per sq ft

-20.1%
Potential saving
This Property
£160/sq ft
Area Average
£200/sq ft
Avg Rent (weekly)
£182
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£344,107
10% above area average per sq ft
Potential ROI
-7.0%
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.
0

Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 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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