[vince15]

Houses in S10 and S11 are, in most cases, twice as expensive as those in S2 or S6 (even for those properties that are closer to city centre). Plus there are hardly any semi-detached in S10, mainly terraced, unlike S2.

Is the free house market working appropriately or is there a within-city bubble?

Thanks.

[1978]

You could add S17 to S10 and S11, and a few others to S2 and S6.

Like most other places, the free market means if more people want to live there, and few properties are for sale, the price goes up. If there are many properties for sale, and fewer people want to move there, prices will be lower.

In Sheffield the south-western fringes have tended to attract graduates and people from higher paid occupations. It becomes a self perpetuating cycle. It's been like this for many decades. I've noticed more and more students at both Universities like to stay in S10 and S11 if they stay in Sheffield.

That said there are pockets of higher and lower priced properties in most areas due to very local factors.

In olden times the richer people tended to live to the west and south of industrial cities because the prevailing south-westerly winds kept the air cleaner. It's not just a Sheffield thing. Look at other cities and you'll often find a similar situation, although modern smoke-free zones have tended to cancel that out.

Examples;

Manchester - most expensive housing in Cheshire - south-west
Liverpool - expensive housing in the Wirral - west
Hull - most expensive housing to the west
Leeds and Bradford - not so true to pattern, much out towards Ilkley and Harrogate to north and Wetherby to east! But away from the smoke.

[Jeffrey Shaw]

Yes re prevailing winds which mostly come from the south or southwest, hence the gentry living in those areas of industrialised cities and away from the pollution. That was so chiefly in areas of heavy industry (hence not Leeds or Bradford).

[HeadingNorth]

If property in S10/S11 is still being bought, then it is not overpriced.

[Leah-Lacie]

I saw a house to let on Penrhyn Road in S11 the other week, they are just average sized Victorian terraces, with 2 reception rooms, 2 bedrooms and an attic. My husband's Grandad lives on there, and he has a small off-shot kitchen, which this house didn't have (it had a dining kitchen). This one had been converted to a 4 bedroom by using the attic for 2 single bedrooms. It specifically said it was to let to families, no students, unlike most of the houses on there. It was £895 per month, I couldn't believe it. Its almost twice what I pay for my house in Norton Lees, which is the same size, same layout, my kitchen is also extra, so I have a separate dining room, my garden is MUCH larger, my attic just isn't split into 2.

[gnvqsos]

The houses are not overpriced but the residents are overpaid,inflating prices and acting as a form of ethnic cleansing such that working classes are priced out.It is a form of economic apartheid.

[Greengeek]

You're looking in the wrong area if you can't find semi's in S10/S11.
Sharrow and Crookes I'm guessing?

[GrapeApe]

Originally Posted by vince15

Houses in S10 and S11 are, in most cases, twice as expensive as those in S2 or S6 (even for those properties that are closer to city centre). Plus there are hardly any semi-detached in S10, mainly terraced, unlike S2.

Is the free house market working appropriately or is there a within-city bubble?

Thanks.

No they aren't

[1978]

Originally Posted by Jeffrey Shaw

Yes re prevailing winds which mostly come from the south or southwest, hence the gentry living in those areas of industrialised cities and away from the pollution. That was so chiefly in areas of heavy industry (hence not Leeds or Bradford).

I'm sure you'll find Leeds and Bradford had plenty of factory smoke stacks, and all the terraced houses had just as many smoke spewing chimneys as Sheffield. The railway locomotives belched out plenty of grime as well.

However, today it's more the traffic smog that blights the Sheffield suburbs, especially towards the lower, mostly east, side of the city. On many days looking down from Ringinglow you can see the yellow cloud hanging over the Don valley. It doesn't need pollution readings to see that can't be good.

[vince15]

No they aren't

--
Don't believe the lies

Are you paranoid that everyone is lying to you? You don't have to object everything.

Here it is:

Cheapest two bed houses in each neighbourhood, without substantial repairment:

http://www.rightmove.co.uk/property-...-33779869.html

http://www.rightmove.co.uk/property-...-21030492.html

http://www.rightmove.co.uk/property-...-33313336.html

http://www.rightmove.co.uk/property-...-23387022.html

[Greengeek]

Whoo. Manor Top and Arbourthorne in spitting distance.
Where do I sign?

Having lived on the Manor, Greystones, Walkley and now Loxley I can say it's definitely better in the nicer areas.
To coin the cliche, the only ones who are jealous and think that it's snobby are the are the ones who can't afford it.

I spent at least 15 years in Greystones, there were a couple of bad apples but everyone else was nice and friendly, well educated, had good jobs and you could walk the streets at night perfectly safely.
We only ever had one car broken into, and that was at the start of the Land Rover stealing spree. I could leave my bikes out all night and they would still be there in the morning.
How long would they last out in S2?

It's twice as expensive as it's at least twice as nice.

[jasd75]

We've been looking for a house the last couple of months, nothing special, just a 3 bedder with a garden and maybe some parking.

S10 and S11 were out of reach, S17 a bit too far from 'the action' and not too keen on S7. So we found the best compromise to be S8. I think it's the best value in the city as you get to feel like to actually live in Sheffield (not just in surburbia) and you get a detached house for S10/11 terrace money. Every ones a winner.

[mc55]

Originally Posted by jasd75

We've been looking for a house the last couple of months, nothing special, just a 3 bedder with a garden and maybe some parking.

S10 and S11 were out of reach, S17 a bit too far from 'the action' and not too keen on S7. So we found the best compromise to be S8. I think it's the best value in the city as you get to feel like to actually live in Sheffield (not just in surburbia) and you get a detached house for S10/11 terrace money. Every ones a winner.

interesting, but all depends on the actual area within the catchment PC - we just moved out of S11 and into S8 ... the house in S8 was almost double that of S11.

[RabM]

That's what a couple of S10 estate agents said - there's good schools in especially the S10 area, people want their kids to go to good schools so compete for the houses which pushes the price up. Same with central Dore apparently.
I rented in S10 when I moved to Sheffield and would have liked to stay there but bought a nice 4-bed detached in S35 and still got 3 good schools that my daughter got to chose from and she got in the 1st choice and is doing well.

[Jeffrey Shaw]

Originally Posted by 1978

However, today it's more the traffic smog that blights the Sheffield suburbs, especially towards the lower, mostly east, side of the city. On many days looking down from Ringinglow you can see the yellow cloud hanging over the Don valley. It doesn't need pollution readings to see that can't be good.

Today, maybe- but that's not why the S/SW was always favoured by the more wealthy.

[S10mainly]

I don't think the houses are over-priced but they are rather expensive - There is a difference.

Like others have said the prices in S10 are driven by

the schools available

the high numbers of students who stay on affter completing thier degrees and want to live in the area they are already familiar with

Closeness to the West End Hospitals, University and City Centre

Closeness to the Peak District

[blueleopard]

Originally Posted by HeadingNorth

If property in S10/S11 is still being bought, then it is not overpriced.

That's exactly right. Anything is worth what someone is willing to pay. If people want to live in those areas and pay for doing so then the price is right.

James.

[chem1st]

Houses are overpriced nationwide.

They increased in price by 300% whilst wages did didly squat.

This was due to irresponsible lending, by both people and banks. You can still legally take out a mortgage without proof of income.

[1978]

Originally Posted by chem1st

Houses are overpriced nationwide.

They increased in price by 300% whilst wages did didly squat.

This was due to irresponsible lending, by both people and banks. You can still legally take out a mortgage without proof of income.

It's not illegal to lend money without taking security. It's stupid to lend money without checking the borrower can afford to repay.

It's naive to buy a property on mortgage without having an assured income to cover long term repayments.

Sadly, marketing and sales tactics preyed on gullibility and greed to have something now, whilst short-term bonuses ensured blind eyes were turned to the inevitable consequences.

House prices are likely to stagnate until incomes catch up with house prices. In some areas they already have. Like some areas of London favoured by Russian and Arab oligarchs!

Locally, we'll see continued polarisation until income levels generally pick up. This will be decades on current trends - unless, maybe, we can persuade those oligarchs to buy in east Sheffield.

We walked the coastal path from Whitby to Robin Hoods Bay recently and passed through a trailer park of neat mobile homes. There were some really nice brand new ones on sale at £31,000, sited. Reminded me of the 1940's prefabs some will remember. They weren't all so bad if well maintained.

Maybe we should accept that if folks want 'affordable' housing they'll have to accept a solution like that instead of expecting a 3 or 4 bedroomed semi in a popular location?

[Jeffrey Shaw]

Originally Posted by chem1st

Houses are overpriced nationwide.

They increased in price by 300% whilst wages did didly squat.

This was due to irresponsible lending, by both people and banks. You can still legally take out a mortgage without proof of income.

Not 'overpriced' [see post #17] but increasiningly unaffordable.