Why Rotherham Is Becoming a Great Place to Buy a Family Home
Rotherham has been overlooked for many years. It is situated in a county that is rich in heritage and natural beauty, in close proximity to its big cities. Large-scale investment is also heading its way. While house prices remain low, they won’t for long. Below, we discuss why Rotherham is becoming a great place to buy a family home.
Why Rotherham?
Yorkshire itself is becoming an invigorated county. Rotherham sits at the heart of it, being in close proximity to Sheffield, Huddersfield, and Halifax. Its population has increased by +3.3% over the last decade, and it now has around 265,800 people who call it home. However, with serious investment taking place in the town and wider borough itself, this is set to grow over the next few years. In fact, the population has been increasing much more than nearby Sheffield, a bigger city.
Average Property Prices in Rotherham
The average property price in Rotherham is around £184,390. Most sales are for semi-detached properties, which retail for an average of £175,169. They hit a peak in 2021, reaching an average of £187,086.
While prices have been down by about 1% over the past year, they won't stay that way for long. Investment is headed Rotherham’s way. The recent budget retained a £20 million investment that was given as part of the Levelling Up Fund. This is against a backdrop of private development. In the town centre, the former Drummond Street shops at Rotherham Markets are being regenerated for a new town centre library. The eventual aim is to transform this part of town into a more accessible and interesting place to visit.
This means that if you are looking to beat the rush, then now is probably the time to buy in Rotherham. A great way to sell your house in time for investing in this area, is by utilising online estate agents like Sold. They have two options: giving you immediate cash offers or letting you take a more traditional sales route. They will even provide advice on the best way to sell depending on your needs. This will help you plan a move if you want to finance a new family home or are looking to invest in a rental property in Rotherham.
Growth Industries
In addition to outside funding, Rotherham has been at the forefront of developing growth industries in the South Yorkshire area. In 2023, it was one of the first UK investment zones that planned to see £80 million of government funding create 8,000 new jobs. This was aimed at building manufacturing facilities, with heavyweights like Boeing looking to use the area to make light aircraft parts.
Rotherham is one to watch. If you live in South Yorkshire or are moving to the area, then it has everything you could want from a town. It also shows great potential for anyone that has property appreciation and growth in value in mind. With prices low and set to rise, it seems everyone is investing in Rotherham, and you should consider it as well.
Images: Minku Kang / / UnSplash
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Why Rotherham?
Yorkshire itself is becoming an invigorated county. Rotherham sits at the heart of it, being in close proximity to Sheffield, Huddersfield, and Halifax. Its population has increased by +3.3% over the last decade, and it now has around 265,800 people who call it home. However, with serious investment taking place in the town and wider borough itself, this is set to grow over the next few years. In fact, the population has been increasing much more than nearby Sheffield, a bigger city.
Average Property Prices in Rotherham
The average property price in Rotherham is around £184,390. Most sales are for semi-detached properties, which retail for an average of £175,169. They hit a peak in 2021, reaching an average of £187,086.
While prices have been down by about 1% over the past year, they won't stay that way for long. Investment is headed Rotherham’s way. The recent budget retained a £20 million investment that was given as part of the Levelling Up Fund. This is against a backdrop of private development. In the town centre, the former Drummond Street shops at Rotherham Markets are being regenerated for a new town centre library. The eventual aim is to transform this part of town into a more accessible and interesting place to visit.
This means that if you are looking to beat the rush, then now is probably the time to buy in Rotherham. A great way to sell your house in time for investing in this area, is by utilising online estate agents like Sold. They have two options: giving you immediate cash offers or letting you take a more traditional sales route. They will even provide advice on the best way to sell depending on your needs. This will help you plan a move if you want to finance a new family home or are looking to invest in a rental property in Rotherham.
Growth Industries
Rotherham is one to watch. If you live in South Yorkshire or are moving to the area, then it has everything you could want from a town. It also shows great potential for anyone that has property appreciation and growth in value in mind. With prices low and set to rise, it seems everyone is investing in Rotherham, and you should consider it as well.
Images: Minku Kang / / UnSplash
