Looking to buy my eldest daughter a 2 bed Apartment/Flat in Sheffield city centre.
Max price £120k
Anyone got any advice on what would be the best choice of the many developments, that are springing up all over town?

Thanks in advance

Plenty to choose from at the moment but IMO the first and foremost aspect to consider above all else is
location
location
location

I would advise that you rent for now on a lease you can easily get out of. Then when you sense the prices have dropped to their maximum buy the flat you want. There'll be plenty to choose from.

Why pay £120,000 now for something that might be £110,000 at the end of the year?

I would advise that you rent for now on a lease you can easily get out of. Then when you sense the prices have dropped to their maximum buy the flat you want. There'll be plenty to choose from.

Why pay £120,000 now for something that might be £110,000 at the end of the year?

you are so right

my friend bought one 2 years ago for £130,000

and tried to sell it a few months back £105,000

Was the valuation

Apartments have satuarted the city dentre

£120,000 sounds really steep for one at this time

I agree with the other posters at the minute- sheffield house prices fell by 13% overall last year and with the current glut of flats coming onto the market you could be in negative equity quite quickly, if its a long term purchase 10+ years then go for it as you will definately make money by the end of it but if its just for a few years i would seriously concider renting or buying in bricks and morter in one of the places like walkley and hunters barr that will recover quicker from the housing slump.

Jen on here bought one for £165 and part ex'ed it for a new build house because they could not sell it. It's currently on for £125 I think now.

My advice would be, like the others is dont bother, "****ty" or city living is not the way to go, the prices are dropping rapidly and they are building more than there is demand, however you may get a bargin in a year or so, so keep your eyes open. however house wise it is very difficult to get anything 120k in Sheffield, rent for a bit and see what happens to the market.

If you are looking for a long term investment now is as good a time as any, but you have to be in it for the long term. You cant make a quick buck in the current market but you can bag a cheap property if you are looking for a longer term investment.