Stepney Street Car Park, Stepney Street, Sheffield, S2 5PB

Offers in the region of £1000000

An exceptional opportunity to acquire a consented residential development site within a highly accessible location on the eastern fringe of Sheffield City Centre. The site occupies a prominent position on Stepney Street and extends to a cleared brownfield parcel most recently used as a surface car park.

Planning permission has been Granted 9th March 2026 for the construction of a nine-storey residential building comprising 85 apartments, The consented development will provide 3 x studios, 45 x one bedroom and 37 x two-bedroom apartments with associated landscaping, parking, access arrangements and amenity space.

Highlights

- Full planning permission for an 85 unit residential development.
- Planning consent granted by Sheffield City Council in March 2026.
- Brownfield city centre development opportunity.
- Excellent connectivity to Sheffield City Centre, Sheffield Station and the wider city region.
- Strong rental and sales market supported by Sheffield's growing professional and student populations.
- Freehold sale opportunity.
- Offers invited in the region of £1,000,000

The site can be viewed from the public highway. Interested parties should not enter the property without prior arrangement through the selling agent.

Situated on the north-eastern edge of Sheffield City Centre, the site occupies a prime urban position fronting Stepney Street and immediately adjoining the Sheffield Inner Ring Road. The location offers the benefits of true city centre living, with residents able to access Sheffield's retail, employment, leisure and transport infrastructure within minutes, whilst also enjoying excellent vehicular connectivity to the wider city region. The surrounding area has emerged as one of Sheffield's key residential growth locations, benefiting from substantial investment and regeneration. A combination of strong occupational demand, a growing professional workforce, two major universities and continued inward investment has supported sustained growth in the city's apartment market, making the site well suited to both private sale and Build-to-Rent delivery. The immediate proximity to Sheffield Railway Station, the city centre business district, Kelham Island, Castlegate and the Advanced Manufacturing Innovation District further enhances the site's appeal as a highly accessible urban residential destination.