Property values in the UK can vary wildly from postcode to postcode, shifting with the types of housing stock available, transport links, schools, culture and job prospects. Zooming out slightly and looking at the overall picture in the UK, it’s clear that some counties have higher property values than others too, but it has always proven difficult to get accurate, local data for house prices and market activity.
That is, until now, thanks to the launch of a new ‘house selling weather forecast’, PropCast. The company analyses buyer demand and produces a heat map of property hot and cold spots across the UK.
Here in Yorkshire, PropCast’s analysis has turned up some interesting results, including naming Bradford as the coldest area and Sheffield as the hottest, with both cities appearing numerous times.
Top Ten Coldest Markets:
1.BD1 – Bradford City Centre
2.HU1 – Hull City Centre
3.BD9 – Bradford - Heaton/Frizinghall
4.BD7 – Bradford – Great Horton
5.BD21 – Keighley
6.YO62 – Helmsley, Ampleforth, Kirbymoorside
7.HU2 – Hull Centre and Wincolmlee
8.DN1 – Doncaster City Centre
9.YO51 – Boroughbridge
10.BD3 – Bradford – Thornbury/Laisterdyke
Top Ten Hottest Markets:
1.S10 – Sheffield - Ranmoor, Fulwood and Crookes
2.S7 – Sheffield - Nether Edge, Abbeydale
3.S8 – Sheffield - Beauchief, Norton, Woodseats
4.LS4 – Leeds – Burley and Kirkstall Hill
5.S20 – Sheffield Mosborough
6.S74 – Hoyland, near Barnsley
7.YO24 – York Acomb and Dringhouses
8.S11 – Sheffield Sharrow, Brincliffe and Whirlow
9.S6 – Sheffield Hillsborough
10.YO31 – York – Heworth and Huntington
Bradford suffers the worst from the analysis, revealing five locations in the top 10 coldest markets in Yorkshire, including the city centre, the Heaton and Frizinghall area, Great Horton and the Laisterdyke and Thornbury areas.
Hull also features in the cold list, as do several postcodes in affluent York, highlighting the unique nature of PropCast’s analysis. However, Bradford’s high number of cold property spots might not be as damning as you would expect.
It is believed that the Bradford figures may have been skewed due to the high numbers of off-market transactions in the Asian community in some Bradford areas.
Meanwhile, the hot markets seem to come primarily from Sheffield, which has an astonishing seven out of ten of the hottest markets in Yorkshire. S10, which includes Ranmoor, Fulwood and Crookes, is at number one, with S7, which includes Nether Edge and Abbeydale, and S8, Beauchief, Norton and Woodseats, in second and third respectively.
Indeed, the only non-Sheffield areas to find their way onto the list were LS4 on the fringes of Leeds City Centre and two desirable York areas – YO24 and YO31.
It is, of course, little surprise to see Sheffield so prominent on the leaderboards, thanks to its low house prices relative to the size of the city and its job prospects. Couple those elements with a location that’s just a short drive from beautiful countryside, plentiful high-quality housing and a huge number of amenities, Sheffield’s popularity is to be expected.
With fluid house prices and demand in Yorkshire, however, these hot and cold spots should change regularly, especially with the forthcoming launch of HS2.