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How easy are flats to sell in Sheffield city centre?

Thinking of buying a flat in Sheffield city centre, St Pauls City Lofts. Wondering how easy they are to sell in this area?

Asked on Oct 17 2013, Selling in Sheffield | Report content

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  • Hi HRalston23, In my opinion, flats in the city centre of Sheffield would be far easier to let out than they would be to sell. The city centre is pretty much dominated by the presence of the two universities, and the proximity of any properties in this area to the two campuses can make them very popular among renting students. However, with the train station being in the city centre of Sheffield as well, you could also look at the potential for commuters looking to head to work in other towns, so there is still the potential that you could find a buyer - most likely a young professional - to live in a property of this type. Many thanks, Scott

    Answered on Nov 5 2013, Report content
  • Apartments in St. Paul's were initially overpriced. They are built to a good spec. though not what was promised originally. The building is currently full of overseas students renting, which adds to the previous comment. The two buildings suffer from high service charges (check fully into this before you buy) and poor service provision (lots of things requiring maintenance that are not address quickly or correctly). If you buy at a good price - they must be desperate to sell the remaining ones now - then selling should be OK, just don't overpay - remember their desperation to shift the last ones (they are not going like hot cakes - new apartments still for sale 2 years after the building was completed, right?).

    Answered on Nov 10 2013, Report content

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