Key indicators for buyers
The S3 market looks favourable for buyers. Prices have softened (-48.7%), 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
2025averages · 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 £151,904 with a 25% deposit (£38k), a 2-year fixed mortgage at 3.97% costs around £599 per month.
Monthly cost comparison based on current data
Uses S3 avg. price with Sheffield rental data
Monthly mortgage payments (£599) are £321 less than renting (£920). However, buying requires an upfront deposit of £38k — it would take around 5 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 2, CUTLERY WORKS, 33, LAMBERT STREET S3 7BG | Flat/Maisonette | £88,000 | 19 Dec 2025 |
19, ELLISON STREET S3 7JG | Terraced | £232,000 | 19 Dec 2025 |
APARTMENT B25, ASPECT, 3, EDWARD STREET S3 7GE | Flat/Maisonette | £55,000 | 19 Dec 2025 |
199, FOX STREET S3 9HD | Terraced | £85,000 | 17 Dec 2025 |
2A, CAVENDISH STREET S3 7RZ | Flat/Maisonette | £260,000 | 17 Dec 2025 |
APARTMENT 206, BIRTIN WORKS, 120, HENRY STREET S3 7LE | Flat/Maisonette | £95,000 | 12 Dec 2025 |
96, EXETER DRIVE S3 7TW |
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 S3 sold for £151,904 in 2025, with a median of £130,800 across 139 transactions. Prices fell 48.7% compared to the previous year.
| Flat/Maisonette |
| £69,950 |
| 12 Dec 2025 |
FLAT 50, CRACKNELL, MILLSANDS S3 8NE | Flat/Maisonette | £109,000 | 10 Dec 2025 |
APARTMENT 408, METIS, 1, SCOTLAND STREET S3 7AQ | Flat/Maisonette | £72,000 | 8 Dec 2025 |
147, REDGRAVE, MILLSANDS S3 8NF | Flat/Maisonette | £115,000 | 28 Nov 2025 |
102, BRAMWELL STREET S3 7PB | Flat/Maisonette | £100,000 | 28 Nov 2025 |
APARTMENT 12, BROOKLYN WORKS, GREEN LANE S3 8SH | Flat/Maisonette | £177,000 | 27 Nov 2025 |
197, FOX STREET S3 9HD | Semi-detached | £117,000 | 27 Nov 2025 |
APARTMENT 508, WEST.ONE ASPECT, 17, CAVENDISH STREET S3 7SS | Flat/Maisonette | £90,000 | 26 Nov 2025 |
FLAT 46, COODE, 7, MILLSANDS S3 8NR | Flat/Maisonette | £78,000 | 25 Nov 2025 |
APARTMENT 201, WEST.ONE ASPECT, 17, CAVENDISH STREET S3 7SS | Flat/Maisonette | £145,000 | 21 Nov 2025 |
APARTMENT 71, GREAT CENTRAL, 2, CHATHAM STREET S3 8FH | Flat/Maisonette | £100,000 | 21 Nov 2025 |
APARTMENT 85, THE FITZGERALD, 1, WEST BAR S3 8PR | Flat/Maisonette | £112,000 | 21 Nov 2025 |
24, WOOD FOLD S3 9PE | Terraced | £175,000 | 21 Nov 2025 |
28, PILGRIM STREET S3 9GX | Terraced | £120,500 | 20 Nov 2025 |
The most recent recorded sale in S3 was a flat/maisonette property on Lambert Street for £88,000 in December 2025. Across the last 20 sales, the median price was £109,000.