Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Gold & the USDX: Correlations - 2nd Dec 20
How An Ancient Medicine Is Taking On The $16 Trillion Pharmaceutical Industry - 2nd Dec 20
Amazon Black Friday vs Prime Day vs Cyber Monday, Which are Real or Fake Sales - 1st Dec 20
The No.1 Biotech Stock for 2021 - 1st Dec 20
Stocks Bears Last Chance Before Market Rally To SPX 4200 In 2021 - 1st Dec 20
Globalists Poised for a “Great Reset” – Any Role for Gold? - 1st Dec 20
How to Get FREE REAL Christmas Tree 2020! Easy DIY Money Saving - 1st Dec 20
The Truth About “6G” - 30th Nov 20
Ancient Aztec Secret Could Lead To A $6.9 Billion Biotech Breakthrough - 30th Nov 20
AMD Ryzen Zen 3 NO UK MSRP Stock - 5600x, 5800x, 5900x 5950x Selling at DOUBLE FAKE MSRP Prices - 29th Nov 20
Stock Market Short-term Decision Time - 29th Nov 20
Look at These 2 Big Warning Signs for the U.S. Economy - 29th Nov 20
Dow Stock Market Short-term and Long-term Trend Analysis - 28th Nov 20
How To Spot The End Of An Excess Market Trend Phase – Part II - 28th Nov 20
BLOCKCHAIN INVESTMENT PRIMER - 28th Nov 20
The Gold Stocks Correction is Maturing - 28th Nov 20
Biden and Yellen Pushed Gold Price Down to $1,800 - 28th Nov 20
Sheffield Christmas Lights 2020 - Peace Gardens vs 2019 and 2018 - 28th Nov 20
MUST WATCH Before You Waste Money on Buying A New PC Computer System - 27th Nov 20
Gold: Insurance for Prudent Investors, Precious Metals Reduce Risk & Preserve Wealth - 27th Nov 20
How To Spot The End Of An Excess Market Trend Phase - 27th Nov 20
Snow Falling Effect Christmas Lights Outdoor Projector Amazon Review - 27th Nov 20
4 Reasons Why You Shouldn't Put off Your Roof Repairs - 27th Nov 20
Further Clues Reveal Gold’s Weakness - 26th Nov 20
Fun Things to Do this Christmas - 26th Nov 20
Industries that Require Secure Messaging Apps - 26th Nov 20
Dow Stock Market Trend Analysis - 25th Nov 20
Amazon Black Friday Dell 32 Inch S3220DGF VA Curved Screen Gaming Monitor Bargain Deal! - 25th Nov 20
Biden the Silver Bull - 25th Nov 20
Inflation Warning to the Fed: Be Careful What You Wish For - 25th Nov 20
Financial Stocks Sector ETF Shows Unique Island Setup – What Next? - 25th Nov 20
Herd Immunity or Herd Insolvency: Which Will Affect Gold More? - 25th Nov 20
Stock Market SEASONAL TREND and ELECTION CYCLE - 24th Nov 20
Amazon Black Friday - Karcher K7 FC Pressure Washer Assembly and 1st Use - Is it Any Good? - 24th Nov 20
I Dislike Shallow People And Shallow Market Pullbacks - 24th Nov 20
Small Traders vs. Large Traders vs. Commercials: Who Is Right Most Often? - 24th Nov 20
10 Reasons You Should Trade With a Regulated Broker In UK - 24th Nov 20
Stock Market Elliott Wave Analysis - 23rd Nov 20
Evolution of the Fed - 23rd Nov 20
Gold and Silver Now and Then - A Comparison - 23rd Nov 20
Nasdaq NQ Has Stalled Above a 1.382 Fibonacci Expansion Range Three Times - 23rd Nov 20
Learn How To Trade Forex Successfully - 23rd Nov 20
Market 2020 vs 2016 and 2012 - 22nd Nov 20
Gold & Silver - Adapting Dynamic Learning Shows Possible Upside Price Rally - 22nd Nov 20
Stock Market Short-term Correction - 22nd Nov 20
Stock Market SPY/SPX Island Setups Warn Of A Potential Reversal In This Uptrend - 21st Nov 20
Why Budgies Make Great Pets for Kids - 21st Nov 20
How To Find The Best Dry Dog Food For Your Furry Best Friend?  - 21st Nov 20
The Key to a Successful LGBT Relationship is Matching by Preferences - 21st Nov 20
Stock Market Dow Long-term Trend Analysis - 20th Nov 20
Margin: How Stock Market Investors Are "Reaching for the Stars" - 20th Nov 20
World’s Largest Free-Trade Pact Inspiration for Global Economic Recovery - 20th Nov 20
Dating Sites Break all the Stereotypes About Distance - 20th Nov 20

Market Oracle FREE Newsletter

FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

Sheffield House Prices Divergence - Silverdale Close, Affluent Area's Forecast

Housing-Market / Sheffield Jun 29, 2014 - 03:42 AM GMT

By: N_Walayat

Housing-Market

Sheffield house prices are showing a huge divergence between affluent and deprived areas of the city in terms of the rate of annual increase where typically affluent areas of the city are experiencing a trend in house price inflation of an average of 5% per annum whilst deprived areas are experiencing what can only be classed as random price action, where similar properties even on the same street can deviate greatly by as much as 1/3rd in price as illustrated by several study's of sale prices of properties sold across streets in deprived areas of the city that have yet to exhibit a trend in house prices.


S4 - Popple Street by Sale Date

House No Date Last Sale Price Paid
100 Apr 14 45000
18 Jan 14 66000
97 Feb 13 52500
18 Oct 12 70000
127 June 12 49000
134 Mar 12 46000
55 Jan 12 40000
31 Dec 11 40000
43 Jul 11 51000
90 June 11 69000
43 Sept 10 47000
22 Sept 10 65000
10 June 10 80000

No clear discernable trend.

The below map illustrates the conclusion of - 31 Oct 2013 - Sheffield Best and Worst Areas to Live, House Buying Analysis Map

Click here for a Large version of the Where to Live Map

In summary, prospective home buyers should take notice of the fragmented nature of the city which can make a huge differences both in terms of the quality of life, school catchment etc. However, the best areas of the city can be found to be concentrated in the South West of the city as the affluent residents continue to price most local house hunters out of these areas, just as is the case for many areas of the UK. Furthermore, the most affluent area's of the city tend to have a buffer zone of up and coming areas that acts to further the gap in house prices between relatively short distances.

Affluent Areas of Sheffield

Sheffield House prices in the S11 area as illustrated by analysis of Silverdale Close are increasing at an average rate of 5% per annum, a trend that is inline with the national forecast for the UK housing bull market to trend higher into the end of 2018 and therefore whilst lagging the national average (10% per annum) still is represents a huge difference to that that which is transpiring in the deprived areas of the city.

However, it should be noted that house price valuation sites such as Zoopla and Mousprice.com tend to typically over value properties by an average of 5% as illustrated by the in-depth analysis of Silverdale Close, that could be extrapolated to other streets in the area.

S11 - Silverdale Close Ranked by Current Estimated Value

                 
Rank House No Zoopla/ Mouse Price Etc. Analysed Est. Value % over valued Date Last Sale Price Paid Beds Trend Forecast End 2018
1 9 £552k £525k 4.8% Dec 2009 £499k 5 £630k
2 3 £498k £479k 3.8% Jan 2012 £450k 6 £575k
3 27 £465k £450k 3.2%     4 £526k
3 29 £463k £450k 2.8% Apr 2008 £450k 4 £527k
5 21 £474k £446k 5.9% Oct 2013 £422k 4 £522k
6 7 £463k £445k 4.0%     5 £522k
7 18 £437k £441k 1% Sep 2010 £405k 5 £529k
7 19 £468k £441k 5.7%     4 £516k
7 20 £471k £441k 6.3%     4 £516k
7 25 £456k £441k 3.2%     4 £529k
11 5 £419k £435k 3.8% Jul 2006 £390k 4 £522k
11 6 £459k £435k 5.2% May 1998 £155k 4 £522k
11 10 £441k £435k 1.3% Jun 2002 £225k 5 £508k
11 12 £453k £435k 3.9%     5 £537k
11 16 £456k £435k 9.2%     4 £509k
16 23 £441k £435k 1.3% Apr 2012 £405k 4 £522k
17 1 £452k £431k 4.5%     5 £517k
18 15 £458k £430k 6%     4 £503k
19 8 £440k £414k 5.9%     4 £484k
20 11 £413k £414k       4 £497k
20 14 £456k £414k 9% Aug 2003 £332k 5 £497k
20 17 £450k £414k 8% Sep 1997 £135k 4 £484k
23 4 £430k £410k 4.7% Feb 2013 £390k 4 £475k
24 2 £399k £390k 2% Nov 2011 £371k 4 £450k

 

* Analysed value takes into account Zoopla / Mouse price estimates, Last sale, recent similar sales in the area and current property structure (allowing for any additions etc).

* Forecast is based on average expectations of 5% per annum adjusted for trend trajectory over the past 2 years or since last sale.

Sheffield House Prices Conclusion

1. Deprived areas of the city have yet to exhibit a trend in house prices.

2. Affluent areas of the city are exhibiting an average trend of 5% per annum with a typical range of between 3.5% to 7%. This trend whilst lagging behind national house price inflation of 10% per annum is sustainable into at least the end 2018.

3. House price valuation sites typically tend to over value house prices by an average of 5%. Though the over valuation for individual properties can be substantial, therefore like for like comparisons need to be conducted against actual sold prices.

For more in-depth analysis of the UK housing market see the New UK Housing Market Ebook available for FREE DOWNLOAD (Only requirement is a valid email address).

New Housing Market Ebook - FREE DOWNLOAD

The housing market ebook of over 300 pages comprises four main parts :

1. U.S. Housing Market Analysis and Trend Forecast 2013-2016 - 27 pages

The US housing market analysis and concluding trend forecast at the start of 2013 acted as a good lead exercise for the subsequent more in-depth analysis of the UK housing market.

2. U.K. Housing Market Analysis and House Prices Forecast 2014-2018 - 107 pages

The second part comprises the bulk of analysis that concludes in several detailed trend forecasts including that for UK house prices from 2014 to 2018 and their implications for the outcome of the next General Election (May 2015) as well as the Scottish Referendum.

3. Housing Market Guides - 138 Pages

Over 1/3rd of the ebook comprises of extensive guides that cover virtually every aspect of the process of buying, selling and owning properties, including many value increasing home improvements continuing on in how to save on running and repair costs with timely maintenance tasks and even guides on which value losing home improvements should be avoided.

4. Historic Analysis 2007 to 2012 - 40 pages

A selection of 10 historic articles of analysis to illustrate the process of analysis during key stages of the housing markets trend from the euphoric bubble high, to a state of denial as house prices entered a literal free fall, to the depths of depression and then emergence of the embryonic bull market during 2012 that gave birth to the bull market proper of 2013.

FREE DOWNLOAD (Only requirement is a valid email address)

Source and comments: http://www.marketoracle.co.uk/Article46249.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2014 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules