Are people in Sutton Coldfield more likely to move?

A friend asked me on the weekend, where was good to buy in Sutton Coldfield. Given the price he wanted to spend I suggested Upper Holland Road. He commented that properties on that street are always up for sale. I thought I would investigate further into the average turnover of properties in Sutton Coldfield. A brilliant indicator, which is commonly overlooked, of an area’s property market is the amount of times properties change hands. There are 4,018 properties in Sutton Coldfield (B72) and 1,011 have changed hands in the last 7 years. Four Oaks (B74) a larger area, with 12,647 properties has had 3,160 change hands over the same period. For both that is around 25% of the properties changing hands over that period. It was clear when I looked at B73 , which had a similar quarter of properties changing hands, that this was the common average for Sutton Coldfield as a whole!

Our neighbours in Erdington (B24) may only have 11,562 properties, but of these only 1,940 households moved during the last 7 years. This works out as 16.78% of the town’s property market changing hands, far less than Sutton Coldfield's 25%.Taking this into account many more people buy and sell within the Sutton Coldfield area, people are 50% more likely to relocate in and out of the core Sutton Coldfield postal codes. Interestingly key indications show that there has been a 12.5% growth rate in both Erdington and Sutton Coldfield over the last five years. Erdington also has a far larger rental sector than Sutton Coldfield, making it a good place to invest. This shows you must cover every detail from the property to the area’s market before making a decision to buy, be it for yourself or as a buy to let investment. If you would like to talk to us about Selling or buying, please feel free to visit our office on Birmingham Road, in Sutton Coldfield. For more visit suttoncoldfieldproperty.blogspot.co.uk