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Sheffield

Yorkshire

£250,000

Listed on 18/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1561 sqft

Description

This is an exceptional chance to acquire a prime plot of land suitable for building a bespoke detached home in the heart of Sheffield, just a short distance from the city centre. The site, extending to approximately a quarter of an acre, is perched slightly above Norfolk Road and can be accessed through Belmonte Gardens. It has received planning permission (ref. 23/03644/FUL) from Sheffield City Council for the construction of a contemporary single-storey residence, complete with a separate home office space. The approved design thoughtfully integrates with its surroundings and features three spacious double bedrooms, including a master suite with an en-suite bathroom. The open-plan layout promotes modern living and entertaining with well-lit kitchen and living areas centered around a courtyard. Furthermore, the inclusion of a designated home office allows for versatile use as a gym or workspace. This building plot not only offers off-street parking but also generous outdoor space with a garden terrace, providing an ideal environment for relaxation and recreation. Given its strategic location near comprehensive amenities and efficient transport links to major routes and public transportation, this property represents significant investment potential for developers or individuals seeking to create their dream home in an urban setting. The surrounding area boasts abundant local facilities while maintaining proximity to cultural attractions and green spaces, including the scenic Peak District National Park for outdoor enthusiasts.

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

Medium 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.
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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
£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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