One neighbourhood has even seen a fall of nearly 32 per cent in the year to September 2022.
House prices moving in a negative direction is rare in the modern housing market, as average house prices in every other Sheffield neighbourhood went up – except Park Hill and Wybourn, which saw no movement.
For anyone sat on the fence about selling their home, could it be time to cut your loses and move? Or, do you stick it out and wait for the seemingly inevitable resurgence of house prices?
See if your neighbourhood has made the list.
1. Mosborough and Halfway
Mosborough and Halfway saw the 11th largest fall in house prices in the year to September 2022. House prices dropped 0.3 per cent - equal to £647 off the average value. Photo: Google
2. Oughtibridge and Bradfield
Oughtibridge and Bradfield saw the 10th largest fall in house prices in the year to September 2022. House prices dropped 0.7 per cent - equal to £1,750 off the average value. Photo: Google
3. Sheffield Lane Top and Longley Park
Sheffield Lane Top and Longley Park saw the 9th largest fall in house prices in the year to September 2022. House prices dropped 1.1 per cent - equal to £1,500 off the average value. Photo: Google
4. Upper Stannington and Loxley
Upper Stannington and Loxley saw the 8th largest fall in house prices in the year to September 2022. House prices dropped 4.1 per cent - equal to £11,250 off the average value. Photo: Google