There is no question that rising prices have squeezed many people out of the housing market, and stopped a good number of you from moving as your family has expanded as the gap between two and three- or four-bedroom properties has done nothing other than get bigger.
If you find yourself in that position it might pay you to look at an alternative location if owning a home is one of your priorities, yet an area which is not too far away from where you currently live.
In 2014 Swindon council produced and updated an overview of the region’s housing situation, and it made fascinating reading, especially where average house prices were concerned. Compared to both England and Wales, as well as the West Country, average house prices, the Swindon houses for sale average price compared very favourably for house buyers at approximately £130,000.
For England & Wales, and the West Country, the figures were approximately £170,000 and £175,000 respectively.
Of course just because property prices are lower in Swindon, this doesn’t mean that income is lower. After all, wages in the West Country are notoriously some of the lowest in the UK. Perhaps because Swindon isn’t so popular with second home owners wanting a weekend or holiday retreat away from the hustle and bustle from London.
However what we have been noticing is that a number of people are buying property in Swindon but still working in London, often sharing a flat or staying with friends during the week and coming home at weekends. It is a sensible and practical compromise and allows many to get on the housing ladder who otherwise would not be able to.
So with a chance of earning a reasonable salary and therefore being able to afford a decent mortgage, property for sale in Swindon has positive demand and we see currently it is a pleasantly buoyant property market that is not showing signs of another property boom, but instead the steadier but still beneficial annual growth in value.
Of course there is another property purchaser who is finding Swindon attractive, and that is the property investor looking to buy property in Swindon to let out, either to individual tenants, or as HMOs or houses of multiple occupancy.
Certainly Swindon has a broad range of property available for current demand, and at Moovahome we are certainly reaping rewards. We are continually beating all previous records for sales agreed and sales completed as more and more property owners are discovering that you don’t have to pay a fortune on estate agents’ fees, which can often allow for a little more negotiation flexibility to clinch a deal.
In addition we know that moving home is already a costly process, so if we can help keep those costs as low as possible, that means you can reduce the level of mortgage you need, and therefore the amount you have to pay each month to live where you do.
So if you’d like an accurate idea of the value of your home today and to discuss what services we offer to help you with your next move, why not give us a call?