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Another One To Watch In Sheffield

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These 4 bed penthouses (at least that was the original description) were being offered at £374K only a few months ago. By my reckoning, only 2 out of 8 have been sold. One has just come up for rent at £1,200 pcm !!! Assuming they find a sucker willing to pay such a ridiculous rent (you can get a five-bedroom detached house with a massive garden for the same money within 1/4 mile), the gross yield (on 350K) is still only just over 4% !!! (not allowing for voids :lol: )

Nearly 17% drop in 6 months, go on Persimmon !!!

Weetwood Gardens, Sheffield back

Off Knowle Lane, Eccleshall Road South, Sheffield S11 9SU

Opening Hours: Thursday to Monday - 10.30am to 5.30pm

Tel: 01142 368872

or call our national team on:- 08459 10 10 11 open 7 days


Weetwood Gardens is a five storey apartment complex comprising of 36 two bedroom apartments and 12 four bedroom duplex apartments to the two upper floors. Parking is provided to all apartments with some having parking under a roof covered with a sedum blanket, which blends harmoniously into the landscape.

4 bedroom Apartments from £311,950

By Appointment Only. Incentives available on selected plots.

Please click on one of the relevant buttons below if you want to request more information, or you can request a phone call from a member of our sales team. Don’t worry, you can tell us where you want to be called and when!

Click on map to enlarge

Last updated: 08 March 2006

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A quick browse through www.houseprices.co.uk shows that only 21 out of the 48 flats have been sold (including only 1 of the 4-bedroom penthouses). Incredibly these are now advertised at £335K (ie a £24K increase).

Again doing the sums, gross sale proceeds are about £4.5 mio. Even with building cost of £100K per flat, Persimmon must be several hundreds of pounds down on this deal considering that they had to build a library (very nice too) to get planning permission.

Not much value for their shareholders!! How long before the pressure starts to mount .....

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