Key indicators for buyers
The S2 market looks favourable for buyers. Prices have softened (-20.5%), 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 £146,167 with a 25% deposit (£37k), a 2-year fixed mortgage at 3.97% costs around £577 per month.
Monthly cost comparison based on current data
Uses S2 avg. price with Sheffield rental data
Monthly mortgage payments (£577) are £343 less than renting (£920). However, buying requires an upfront deposit of £37k — it would take around 4 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
15, BELGRAVE SQUARE S2 4UN | Terraced | £227,500 | 23 Jan 2026 |
9, PARK VILLAGE, 200, NORFOLK PARK ROAD S2 2UA | Flat/Maisonette | £142,500 | 16 Jan 2026 |
99, PARK VILLAGE, 200, NORFOLK PARK ROAD S2 2UF | Flat/Maisonette | £115,500 | 16 Jan 2026 |
10, PARK VILLAGE, 200, NORFOLK PARK ROAD S2 2UA | Flat/Maisonette | £114,000 | 16 Jan 2026 |
1, FRETSON GREEN S2 1JY | Terraced | £150,000 | 9 Jan 2026 |
78, KENNINGHALL VIEW S2 3WX | Flat/Maisonette | £127,500 | 5 Jan 2026 |
4, TALBOT CRESCENT S2 2TF | Terraced |
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 S2 sold for £146,167 in 2026, with a median of £135,000 across 6 transactions. Prices fell 20.5% compared to the previous year.
| £185,000 |
| 19 Dec 2025 |
3, LICHFORD ROAD S2 3LB | Terraced | £135,000 | 19 Dec 2025 |
86, AYLWARD ROAD S2 2EW | Semi-detached | £70,000 | 19 Dec 2025 |
109, SKYE EDGE AVENUE S2 5FY | Terraced | £165,000 | 19 Dec 2025 |
51, DAWLANDS CLOSE S2 1SF | Terraced | £108,000 | 18 Dec 2025 |
44, MYRTLE DRIVE S2 3HG | Terraced | £225,000 | 18 Dec 2025 |
134, QUEEN MARY ROAD S2 1HT | Flat/Maisonette | £112,000 | 18 Dec 2025 |
11, FRAMLINGHAM ROAD S2 2GU | Semi-detached | £140,000 | 18 Dec 2025 |
38, CASTLE CROFT DRIVE S2 2BF | Semi-detached | £270,000 | 17 Dec 2025 |
52, CASTLE CROFT DRIVE S2 2BF | Terraced | £250,000 | 17 Dec 2025 |
11, MADEHURST RISE S2 3BJ | Terraced | £182,000 | 17 Dec 2025 |
66, SKYE EDGE AVENUE S2 5FY | Terraced | £140,000 | 16 Dec 2025 |
57, MANOR PARK CRESCENT S2 1WX | Terraced | £185,000 | 16 Dec 2025 |
38, MANOR LANE S2 1UF | Terraced | £165,000 | 16 Dec 2025 |
The most recent recorded sale in S2 was a terraced property on Belgrave Square for £227,500 in January 2026. Across the last 20 sales, the median price was £150,000.