Do you agree with Nick about the best place to live in Sh­effield?

Will prop­erty in Sh­effield Hal­lam ben­e­fit from the ‘Clegg ef­fect’? Sharon Dale re­ports.

Yorkshire Post - Property - - PROPERTY -

WHILE there is a cer­tain ku­dos in hav­ing the Deputy Prime Min­is­ter as a neigh­bour, es­tate agent Nick Rid­dle thinks it’s prob­a­bly more trou­ble than its worth.

“He’s Deputy Prime Min­is­ter now so there will be se­cu­rity is­sues and heav­ies to con­tend with and if a big story breaks, then you’ll get pa­parazzi. Peo­ple in the area might not want that kind of at­ten­tion,” says Nick of Eadon Lock­wood and Rid­dle.

“I don’t think house prices will be pushed up as a re­sult of him hav­ing a sec­ond home there.

“It didn’t hap­pen in Sedgefield when Tony Blair be­came Prime Min­is­ter.”

Not that any­one in the Hal­lam ward is wor­ried about the lack of Clegg ef­fect.

This is the posh­est part of Sh­effield and prices re­flect its de­sir­abil­ity.

The Lib Dem leader calls his home in Bents Green a mod­est semi, but it is thought to be worth about £350,000, well above the price of the av­er­age Sh­effield semi cost­ing £150,000.

An­drew Win­ter, of Blun­dells es­tate agency, says: “Hal­lam has al­ways been de­sir­able. its prox­im­ity to the city and very easy ac­cess to the Peak District are the main rea­sons why.”

Nick Clegg agrees and has said how much he loves “the way the houses stop and the Peak Park be­gins – in most towns you travel through a waste­land be­fore you hit the coun­try­side.

“There are parts of Sh­effield where it feels the coun­try­side comes into the city, like fin­gers stretch­ing into the city.”

Fam­i­lies are at­tracted by good state schools, and most of Sh­effield’s pri­vate schools are lo­cated here.

It is also one of the green­est ar­eas with an abun­dance of parks and wooded ar­eas.

Al­though it out­paces av­er­age val­ues in Sh­effield, like many other lo­ca­tions, prices have gen­er­ally stag­nated over the past year.

“The mar­ket is patchy at the moment and I’d say the only part of it that is rea­son­ably busy is the larger fam­ily semi in the £350,000 to the £500,000 bracket,” says An­drew Win­ter.

“Be­yond that it’s quite dif­fi­cult as not many peo­ple are buy­ing.

“What I have also seen is a lot of trad­ing down out of the big houses but not a lot of peo­ple are trad­ing up.”

Prop­erty in Hal­lam ward starts at about £100,000 for a two-bed ter­race.

The av­er­age buyer spends £500,000 and Sh­effield’s most ex­pen­sive house sold there last year for £3.5m.

As­pi­ra­tional ar­eas in­clude Dore, Ran­moor, Whirlow, Ful- wood and any­where in the May­field Val­ley.

Nick Rid­dle, who sold the £3.5m house, says there was no short­age of in­ter­est even though

There are parts of Sh­effield where it feels the coun­try­side comes in to the city like fin­gers.

the prop­erty sold off mar­ket and was never even ad­ver­tised.

He says: “There is a lot of money in South West Sh­effield. It’s a very wealthy area and peo­ple will pay for the right house in the right area.

“The £3.5m prop­erty was a cash sale.”

He adds: “It’s an­noy­ing that peo­ple from out­side Sh­effield still seem to equate us with The Full Monty and cloth caps and it’s not like that at all in Hal­lam. Bar­clays Wealth league ranked Hal­lam above Wilm­slow, As­cot and Bray.

“We have a lot of en­trepreneurs buy­ing at the top end along with lawyers and con­sul­tants from the hos­pi­tal here.”

Ac­cord­ing to the ex­perts Nick Clegg has made a good in­vest­ment thanks to a com­bi­na­tion of luck – in get­ting Hal­lam as his con­stituency – and good man­age­ment by buy­ing a house that was in need of mod­erni­sa­tion.

He may have been crit­i­cised dur­ing the ex­penses scan­dal for spend­ing money on a new kitchen, a gar­den re­vamp and “items from Ikea” for the sec­ond home, but we are all set to ben­e­fit.

He has in­ti­mated that he may sell his Hal­lam house soon and the profit could be at least £40,000.

Mr Clegg, whose main home is in Put­ney and who has just been given a grace and favour house­share with Wil­liam Hague at Chevening, says he will do­nate any gain back to us.

He is quoted as say­ing: “My ap­proach to this is that it’s not my home, it’s a home on loan to me from the tax­payer and when it’s sold ev­ery sin­gle penny of value gained is re­turned to the tax­payer.”

It may be a drop in the ocean, but any help in clear­ing the bud­get deficit will surely be wel­comed by Ge­orge Os­borne.

GREEN SPACE: Nick Clegg and wife, Miriam, at Whirlow Hall Farm Trust, in Sh­effield Hal­lam. Mr Clegg says he loves the way the city gives way to the Peak Park.

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