Key indicators for buyers
The S1 market looks favourable for buyers. Prices have softened (-53.5%), which could present a buying opportunity. Affordability has improved from a peak of 6.5x in 2023 to 5.9x today. Rising rents (£920/mo, +4.9%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Sheffield area
A home in Sheffield costs 5.9x the local median salary — moderate, improving from a peak of 6.5x in 2023.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Sheffield area
Average monthly rent in Sheffield is £920, up 4.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Sheffield price of £96,167 with a 25% deposit (£24k), a 2-year fixed mortgage at 3.97% costs around £380 per month.
Monthly cost comparison based on current data
Uses S1 avg. price with Sheffield rental data
Monthly mortgage payments (£380) are £540 less than renting (£920). However, buying requires an upfront deposit of £24k — it would take around 3 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
APARTMENT 116A, LIGHTBOX, 63, EARL STREET S1 4WG | Flat/Maisonette | £39,000 | 20 Jan 2026 |
APARTMENT 826, TELEPHONE HOUSE, 35, WELLINGTON STREET S1 4AJ | Flat/Maisonette | £53,000 | 15 Jan 2026 |
APARTMENT 9, BUTCHER WORKS, 70, ARUNDEL STREET S1 2NS | Flat/Maisonette | £196,500 | 13 Jan 2026 |
APARTMENT 24, BUTCHER WORKS, 80, ARUNDEL STREET S1 2NS | Flat/Maisonette | £117,000 | 22 Dec 2025 |
APARTMENT 98, CITY POINT, 1, SOLLY STREET S1 4BX | Flat/Maisonette | £57,500 | 19 Dec 2025 |
APARTMENT 1, TELEGRAPH HOUSE, 11 - 15, HIGH STREET S1 2GA | Flat/Maisonette | £100,000 | 15 Dec 2025 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in S1 sold for £96,167 in 2026, with a median of £53,000 across 3 transactions. Prices fell 53.5% compared to the previous year.
| Flat/Maisonette |
| £100,000 |
| 5 Dec 2025 |
APARTMENT 96, CITY LOFTS ST PAULS, 7, ST PAULS SQUARE S1 2LJ | Flat/Maisonette | £65,000 | 2 Dec 2025 |
UNIT 501, SPECTRUM APARTMENTS, 20, EGERTON STREET S1 4JX | Flat/Maisonette | £45,000 | 1 Dec 2025 |
APARTMENT 117, LIGHTBOX, 63, EARL STREET S1 4WG | Flat/Maisonette | £39,000 | 25 Nov 2025 |
APARTMENT 36, A G 1, 1, FURNIVAL STREET S1 4QS | Flat/Maisonette | £57,500 | 24 Nov 2025 |
APARTMENT 53, CITY LOFTS ST PAULS, 7, ST PAULS SQUARE S1 2LB | Flat/Maisonette | £151,000 | 24 Nov 2025 |
APARTMENT 4, MANDALE HOUSE, 30, BAILEY STREET S1 4AB | Flat/Maisonette | £55,000 | 12 Nov 2025 |
APARTMENT 19, MORTON WORKS, 94, WEST STREET S1 4DZ | Flat/Maisonette | £61,500 | 3 Nov 2025 |
APARTMENT 235, CITY LOFTS ST PAULS, 7, ST PAULS SQUARE S1 2LL | Flat/Maisonette | £160,000 | 1 Nov 2025 |
FLAT 12, MAZDA BUILDING, 4, ST PETERS CLOSE S1 2EN | Flat/Maisonette | £235,000 | 31 Oct 2025 |
APARTMENT 304, WEST.ONE PANORAMA, 18, FITZWILLIAM STREET S1 4JQ | Flat/Maisonette | £100,000 | 23 Oct 2025 |
APARTMENT 57, SMITHFIELD APARTMENTS, 131, ROCKINGHAM STREET S1 4EY | Flat/Maisonette | £49,500 | 22 Oct 2025 |
FLAT 9, MAZDA BUILDING, 4, ST PETERS CLOSE S1 2EN | Flat/Maisonette | £189,000 | 10 Oct 2025 |
APARTMENT 706, WEST.ONE CENTRAL, 12, FITZWILLIAM STREET S1 4JN | Flat/Maisonette | £180,000 | 9 Oct 2025 |
The most recent recorded sale in S1 was a flat/maisonette property on Earl Street for £39,000 in January 2026. Across the last 20 sales, the median price was £100,000.