Some people rattle around in their home like two beans in a can whilst others are packed in like sardines in a tin. There is a formula, created by the Office for National Statistics which gives the occupancy rating of each home. This number shows whether a property has the ‘right’ number of rooms given the number of people living there. This shows the picture in our local housing market.
The last few years have been something of a rollercoaster ride for property markets up and down the country and our area is no different. Here we show how prices of different house types have changed relative to one another over time.
In some parts of the country, the split between a house and flat sales is very extreme while elsewhere there is more of a balance. It primarily comes down to the nature of the area and how densely populated it is. Rural, semi-rural and suburban areas are dominated by houses whereas urban districts are awash with flats. The chart shows the picture in our area.
When it comes to selling your home, a significant amount of your home’s resale value will depend on what’s happened to The Heatons market as a whole. Here average sales values have risen by 25.8 percent over the last ten years. However, there are several tactical decisions you can make to push up the final price.
I fully appreciate that this isn’t a ‘typical’ buy to let however high value properties can also make fantastic investments if you have the money to spend. This house on Kensington Close is no different.