Landlords! Find out how much rental values have changed in S35 & the forecast for 2025 here!

Hannah Sanders - 20 December 2024

Rental values in the S35 area of Sheffield, like much of the broader region, have experienced some notable shifts in 2024 due to increased demand and market pressures. Sheffield’s rental market, driven by demand from young professionals, families, and students, has seen average rents rise by around 5% to 7% over the year. In areas such as S35, this increase reflects a combination of limited housing supply and sustained demand, with rental yields remaining competitive compared to nearby regions.

Specific trends influencing the S35 area include its suburban appeal, attracting tenants looking for a balance between proximity to Sheffield city centre and more affordable rental options. Additionally, changes in mortgage interest rates have pushed some prospective buyers into the rental market, further increasing demand.

Forecasts for private rental values in the S35 area during 2025 suggest moderate growth, driven by high demand and limited supply, reflecting broader national trends.

Nationally, rental prices are expected to rise by approximately 3% annually in 2025, as constrained supply and increasing tenant demand remain influential factors. These dynamics are anticipated to affect most regions, including S35, where a lack of new housing and ongoing landlord exits from the market will keep pressure on rents. However, growth may be tempered somewhat by affordability concerns, as renters’ budgets limit how much rents can realistically increase​.

Given these predictions, landlords in S35 could see slight rental increases, provided their properties remain competitive in terms of energy efficiency and quality, aligning with tenant expectations. If you would like to receive regular updates, register your details here https://www.cruciblehomes.co.uk/contact-us/ For more information or advice, contact one of our Property Experts.