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Property Know | UK Property Market Information - Renting & Buying Real Estate

However some critics have doubts on the need of more apartments being built in Sheffield. With more and more apartments getting built and even some apartments are left standing empty there is some doubt to whether more apartment are really needed. But we at Rent a Home Sheffield Team believe that the construction of the St Paul’s Tower is a well timed asset to the city. It has been timed perfectly with the regeneration project of Sheffield’s city centre. The towers prestigious appearance and luxury apartments will attract the right sort of crowd the new “Sheffield” will need after all the regeneration projects have finished. The towers image will attract the young professionals and classier individuals who lust for the best of the best of style and attention to detail.

The Harrogate based City Lofts , which is working with Heart of the City developers CTP St James are also behind projects in Liverpool, Salford Quays, Leeds, Nottingham and Cardiff. Mr Hurst on behalf of the St Paul’s Towers said “this is our most prestigious building to date, no question about it. It will be a landmark building and carry our flag for some time to come” As said above the Rent a Home Sheffield Team think that the success of the tower and the success of the regeneration project was attracting the type of commercial development that would bring investors and individuals interested in the city.

Source - Sheffield Telegraph

Ian will have an initial budget of £6 million a year, this money was funded by the central government and European regeneration funds. One of Ian’s main tasks will be to create an effective mechanism for the regeneration of the city, he has to tackle jobs which include reducing overlapping boundaries of existing organisations.

The Rent A Home Team believes that Ian has a difficult task ahead of him. While he is consolidating the whole regeneration team as a whole, he could create uncertainty and inefficiency, with potential investors and developers unsure which organisation to approach. Ian on the other hand doesn’t just have to manage the regeneration project, he also has the task of marketing Sheffield not just nationally but internationally, to get the Sheffield brand known world wide. This marketing will most definitely be a huge boost to Sheffield economy and have the potential to reap huge economic rewards and status to the city. We the Rent A Home Team believe that Sheffield has the potential to be a key city with significant driving force to Britain’s economy, obviously remembering this is our opinion only.

sources: Sheffield Telegraph, www.propertytelegraph.co.uk

Also this hotel will be the first copthorne hotel in Yorkshire. The millennium and copthorne hotel group is an international company with a portfolio of hotels around the world. Copthorne has many hotels which include the likes of Copthorne and millennium hotel at the Chelsea village and the copthorne and millennium hotel near the Manchester united ground.

The rent a home Sheffield team believe that the hotel will bring a huge boost to the area while the hotel will also boost tourism due to the fact of new 4 star accommodation at tourists disposal. We believe that Sheffield is slowly starting to develop as a city, from the regeneration project and the interest of developers around the world it shows the potential the city has to offer and we believe this is the catalyst or chain reaction if you will needed to give Sheffield the boost it needs. As the developments get completed, more and more will be planned for the near future until Sheffield starts to look like Manchester or Leeds. If Sheffield is to achieve city status on par with Leeds or Manchester, City houses and city property are bound to increase up to 75% and some maybe even more. It’s all about finding the perfect property at the perfect time. So keep your eyes open for the perfect property investment

Two floors are being fashioned in the former sainsbury in the market street area, which will be occupied by Next and Primark, both trading over both floors.

Fashion retailer Primark, who are new to Meadowhall, will open a 73,000 sq ft store selling ladies wear, menswear, childrenswear, accessories and home wear. The reconfiguration which involves a new mall walkway, glazed atrium, cafe, staircase and lift, is due for completion by next summer. Meanwhile, the next phase of a refurbishment programme includes the installation of a mall cooling system, new seating and architectural changed to “open up” the malls so that they look and feel brighter.

Mr. Dajani said: “We are at a very exciting time in Meadowhall’s history and the centre is going from strength to strength.” It has also been “another fruitful year”, with national and international awards, “all high-lighting the fact that Meadowhall is one of he best shopping centers in the country. But we don’t want to sit in our laurels.”

Owners British Land will be aware of the competition that will be provided by the £500 Million New Retail Quarter in the city centre that will be anchored by a new and bigger John Lewis store along with 100 new shops. The company also owns other land in the east end of Sheffield and, wit the government restrictions on additional shopping space, is looking at developments such as offices and car showrooms as well as the proposed super casino through its partnership with MGM Mirage.

If all these regenerations projects are to go ahead, Sheffield stature of a shopping destination will rise, as a result of improvement to Meadowhall and the city centre, to help stop local shoppers heading for places such as Manchester, Nottingham and London.

Personally I don’t believe that this is a isolated case. The UK property market has generally slowed down and Sheffield is following suit. The usual Christmas slump is here but overall property prices are generally still increasing in Sheffield. People are still out there in the market looking for properties but as there is less competition for properties during this period, home owners are accepting offers either on or just under the asking price. The first time buyer market in Sheffield is still fairly strong but the family property market has flat lined but should recover during the new year period. However correctly priced properties can and will sell with ease.

• The average property price in Sheffield now is £127,092

• South East Sheffield (S12 and S13) has experienced the greatest over quarterly price increase of 2.3%

• Hillsborough experienced an overall quarterly price decrease of 1.5%

• 4 Bedroom modern houses in Hillsborough have suffered a price decrease of 4.2% this quarter

• South East Sheffield has seen the greatest price increase of 12.9%

• The lowest price increase was 3.7% which was experienced by Dronfield

• 4 Bedroom modern houses in south east Sheffield have seen an annual increase of 17.4% which 3 bedroom modern houses which are at 15%

Source - www.winkworth.co.uk

So what does this mean?

It means property value increase!!! With the scale of the development and investment at Anchor point, it will have attracted a lot of media attention on Sheffield in general. We believe that this is one of the little pushes Sheffield needed for the “snow ball effect” We believe that this maybe the start to Sheffield becoming a dominant business city on par with the likes of Manchester, Leeds and Birmingham. Sheffield is receiving huge amounts of investment and interest not only from the property development industry but from the Government as well. As you know the huge renovation project in Sheffield is Government backed, the renovation also includes the rebuilding of the train station, we will talk about the renovation of the train station in a later post. We believe within 10 years time Sheffield will be a vibrant, dominant city and will play a major part of the UK’s economy.

The £30 Million investment at Anchor Point, Bramall Lane will have great effects to the surrounding areas of Bramall Lane. The investment into the development will surely increase the value of nearby properties. We also believe that the insurance rating of the area will decrease, from a high risk area to a medium/low risk area. We believe that if the manager of Sheffield United and his team move into the area (as stated in newspapers locally) then due to the nature of the people staying their, security and police presence would increase. As insurance ratings drop, property value increases as properties are deemed more desirable due to the decreased risk on ones property. This would also increase the renting price in the local area, again due to the increase of desirability of one place.

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Ideas for the area include redesigning the whole market area and creating a whole new “mixed-use scheme.” There are also plans for redesigning the Broad Street and Sheaf market sites for new office developments to attract companies seeking either a mini base or main headquarters. With this new design it will allow the city centre to connect to the quays and riverside as a whole and will attract new businesses and residential apartments to emerge along the riverside.

The sheaf market buildings have already been demolished and are now ready for Phase 1 of the work to commence.

It is a major city with an estimated population of 520,700 (2005). The city centre in this moment is undergoing a makeover the likes Sheffield has never seen. This extreme makeover is due to a combination of factors which include national, regional and local government urban policies, which believes the look of the city itself is directly proportional to its economic growth.

• The first Football rule book was produced in Sheffield in 1857
• Sheffield Football Club is the oldest football club in the world - traditional rivals Hallam FC has the oldest football ground
• Sheffield’s Crucible Theatre has hosted the World Professional Snooker Championships every year since 1977
• The Sheffield Ski Village is Europe’s largest outdoor artificial ski resort
• Opened in 2003, Sheffield is the home of the National Ice Centre, iceSheffield
• That Sheffield United are in the English Premiership

Facts and figures provided by Sheffield City Council [Facts & Figures Section]