New Spring House, Sheffield


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  1. statistic icon
    £171,000
    Prices from
  2. statistic icon
    12.88%
    Yields up to
  3. statistic icon
    25%
    Payable on exchange
  4. statistic icon
    £5,000
    Reservation fee

Discover New Spring House

Invest from £171,000 in a prime Sheffield city-centre location, just minutes from the University and West Street. With only 38 apartments, short-term lets permitted, a 999-year lease and Q4 2027 completion, New Spring House offers strong potential in a high-demand rental market.

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Facts and figures

A detailed look

New Spring House is a residential conversion development comprising 38 apartments with completion targeted for Q4 2027.

Located close to the University of Sheffield and the St George’s Quarter, the development is well positioned for access to the city centre, employment hubs and Sheffield’s established lifestyle districts.

  • 38 contemporary one and two-bedroom apartments from £171,000
  • Projected yields of up to 12.88%
  • Short term lets approved
  • Sheffield City Centre Location
  • High specification with luxurious finishes
  • Completion due in Q4 2027
  • Residents’ Lounge, Lift Access, Secure Fob Entry & Bicycle Storage
  • Prime Sheffield location — approximately 5 minutes’ walk from the University of Sheffield and minutes from West Street and the city centre

    Get started today by scheduling a free 1-1 strategy call with our team. We can discuss current availability, unit-specific rental projections, the purchase process and whether New Spring House aligns with your investment goals.

    • Return on investment
    • Stamp Duty

    Gross YIELD 0% (Without running costs)
    Net YIELD 0% (With running costs)

    *Our calculators are provided for illustrative purposes only, they do not take your personal circumstances into consideration and the results are not guaranteed to be accurate or fit for any purpose. The presented results should not be taken as professional advice, or relied upon as the sole basis for making important decisions.

    Stamp Duty £0
    Effective rate 0%

    *Our calculators are provided for illustrative purposes only, they do not take your personal circumstances into consideration and the results are not guaranteed to be accurate or fit for any purpose. The presented results should not be taken as professional advice, or relied upon as the sole basis for making important decisions.

    Economy

    Sheffield combines an established industrial heritage with a growing economy centred around advanced manufacturing, healthcare, technology, education and professional services.

    The city has a population exceeding 580,000 and is home to approximately 60,000 students across two major universities. This substantial student population, together with an expanding professional workforce and major regional employers, supports demand for well-connected rental accommodation.

    Sheffield’s position within South Yorkshire also gives residents and businesses access to the wider economies of Leeds, Manchester, Nottingham and the surrounding northern regions.

    Urban regeneration

    Sheffield is benefiting from significant regeneration and investment across the city, with major public and private sector initiatives supporting new employment, improved infrastructure and the continued transformation of key commercial and residential areas.

    The Don Valley and Lower Don Valley in particular form one of South Yorkshire’s most important regeneration and employment corridors. Ongoing investment is strengthening connectivity, creating new jobs and supporting growing demand for high-quality housing close to major employment centres.

    Key regeneration and employment anchors across the area include Meadowhall Shopping Centre, the Advanced Manufacturing Park, Sheffield Olympic Legacy Park, Sheffield Business Park, Northern General Hospital, Sheffield Forgemasters and the wider Lower Don Valley commercial corridor.

    Housing demand

    Sheffield presents a strong rental housing proposition, supported by a large and diverse tenant base drawn from employment, healthcare, advanced manufacturing and major commercial centres. Continued regeneration and employment growth across the city are helping to sustain demand for well-located, high-quality rental accommodation.

    Major employment hubs across the Don Valley, including the Advanced Manufacturing Park, Sheffield Business Park and Sheffield Forgemasters, support demand from professionals, engineers and contractors. The Northern General Hospital also adds demand from healthcare workers and consultants.

    For investors, this broad tenant profile can help support occupancy across both long-term and flexible rental strategies, reducing reliance on any single source of housing demand.

    Connectivity

    Sheffield benefits from strong regional and national transport connectivity, supported by an extensive network of rail, tram, bus and motorway links. Key transport infrastructure across the city helps connect major employment, commercial and residential areas while providing convenient access to destinations throughout South Yorkshire and beyond.

    Meadowhall Interchange is one of the region’s principal transport hubs, offering National Rail, Supertram and bus services, with Sheffield city centre around six to seven minutes away by rail. Leeds can be reached in approximately 30 minutes, with further connections towards Manchester and other major regional centres.

    The nearby M1 also provides direct road access across Yorkshire, the Midlands and the wider UK.

    New Spring House, Sheffield Property Investment

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    Adam Yaqub – UK and Europe Property Investment Consultant | ERE Property
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