Pitsmoor, Burngreave and Firthpark housing boom

Pitsmoor, Burngreave and Firthpark are up and coming areas. You have to pick your street well, but these areas have some good quality large Victorian/Edwardian houses which are in high demand throughout all major cities. If you look around certain areas of Pitmoor you will find alot of scaffolding and skips!

Sheffield will follow the trend of Manchester and Leeds where investors moved into "rough" areas with alot of money and now these areas are the places to live.

Over last last year or so there has been a buying frenzy in Pitmoor especially. Recently a five bedroom house in S4 was on the market for £118k and sold for £156k - over 10 offers were placed close to the selling price and the house was on the market for less than 2 weeks - mad!

I would appreciate peoples thought on the above.

i hear the Gaza Strip is ripe for future investment

Let's be honest, there're about the worst areas in Sheffield, and you buy there if you're skint.

Originally posted by monkjack

Let's be honest...you buy there if you're skint.

If £156k is your definition of skint, what is your definition of wealthy? Hmm?

The price boom in the South West of Sheffield has forced buyers to look elsewhere.

And why not? Firth Park has its fair share of nice areas. As Littlechick says, just choose your street with care.

I know people who have bought in Pitsmoor, land particuarly because of an upcoming CPO. But I'm not sure I believe a normal 4 bed house went for that in that area, it probably came with 100 acres of land.

Originally posted by monkjack

I know people who have bought in Pitsmoor, land particuarly because of an upcoming CPO. But I'm not sure I believe a normal 4 bed house went for that in that area, it probably came with 100 acres of land.

But have you seen the size of some of the houses in that area? Believe it or not, NE Sheffield was a posh place 100 years ago!

Burngreave Road was full of Doctors and Barrasters in the 1950s but you would not believe it today.

I aggree with Monkjack that 156k is well over the top for that area, now 156 quid, well thats more like it.

Thanks for your comments guys, it's an interesting discussion.

These areas are reasonably rough now (Although not as bad as the cheap areas in Liverpool that I've looked at) but I think you will find a change in the next few years!

In reply to the comment on the £156k selling price - based on how quick houses are selling and the number of bids close to the selling price - the market price is lead by demand.

I know a number of people who are moving into these areas due to the qualilty of housing. Also some members of the the wealthy gay and lesbian community prefer these city areas over suburbia as they feel less predudice.

Originally posted by Abby

But have you seen the size of some of the houses in that area? Believe it or not, NE Sheffield was a posh place 100 years ago!

Yes I've seen the houses and they are lovely victorian era residences, and I can well imagine it used to be an upper class area, but its not now.

Originally posted by The Cycleracer

Burngreave Road was full of Doctors and Barrasters in the 1950s but you would not believe it today.

I aggree with Monkjack that 156k is well over the top for that area, now 156 quid, well thats more like it.

It's not just over the top, but I don't believe it's accurate. There is obviously something else to the story, like I say, a large plot of OPP land or something.

You can get a nice 4 bed in Pitsmoor for £50K.

Originally posted by monkjack

You can get a nice 4 bed in Pitsmoor for £50K.

Osborn House, on Burngreave Road, sold for £100,000 at the end of last year

http://www.burngreavemessenger.org.uk/26nov02/osborn.htm

Originally posted by Littlechick

These areas are reasonably rough now (Although not as bad as the cheap areas in Liverpool that I've looked at)

Nowhere on this planet is as bad as the cheap areas of Liverpool - and the Liverpool poverty belt covers over half the city!