Tudor Hill in Sutton Coldfield, ideal for family homes, is it time to sell?

A couple asked me to value their home on Tudor Hill in Sutton Coldfield. An excellent location, ideal for the park and yet a quiet street with some magnificent properties. This got me thinking, how much have house prices increased on roads like this over the last year? Interestingly since the outbreak of the global financial crisis and the property crash circa 2008 little can be reported for streets like this in Sutton Coldfield as there was lack of movement in the market. Therefore the local downturn in houses prices could be considered as unquantifiable. Certain you might think that we could consider it against the UK housing market as a whole, but this exercise now is irrelevant.

Focusing on the street and averages, from 1 year ago a value change of around 8% can be found from data on major property web portals. More interestingly that over 5% of that change has been in the last 6 months with nearly 2% of that increase being in the last 3 months! Interesting indeed. The number of Sales on the street in the last 5 years is 18, with an average house price of £533,497. My clients with their home on Tudor Hill found it interesting that in the last year most sales have been around £395,000 average, with only reportedly 4 completed at this time. Tudor Hill, as mentioned earlier has some quite large and expensive property, with unreported sales (on land registry) yet to be update over £700,000 mark. This pans out well for my clients who wish to sell their home in the near future and they should achieve a comfortable price for the family property. It has been an excellent period for house selling and home owners such as those on Tudor Hill have been able to achieve sales respectable of the true value of their homes. If you are interested in a free market appraisal let me know by contacting me on 0121 321 6090 or emailing Suttoncoldfield@martinco.com SELL YOUR HOME 0.5% +VAT (For new client instructions only between July and December 2014) Terms and conditions apply

Where to buy in Walsall, Street Research

Having let out a few properties in the Walsall Area recently I was intrigued to see the range of value of properties in the Area. I looked at the WS5 postcode for comparisons. Certainly I was surprised to see that the most expensive street in WS5 was Woodlands Avenue with average house price (since 1995) being £705,148. Not cheap you will agree but certainly not the most expensive within the larger Birmingham Area. What about the bottom end of the property spectrum, where are the cheaper houses? The answer Acacia Avenue with an average value of £72,309. Well priced and competitive with other areas in the wider Birmingham Area. Most interesting from the data I discovered was that since 1995 Woodlands avenue has had 34 property transactions out of 35 Residences. Meaning on average each house has had a new owner in the last 20 years. Acacia Avenue however has had only 4 transactions in the last 20 years out of 68 residences. Amazing, people in Acacia Avenue just seem to stay put. We cannot determine why this is, educated guesses can be made, but certainly this will be down to affluence in some form. With the list of least expensive streets in WS5 I am contacting investors who I know to be operating in that area to see what yields they can achieve. Where would you invest if you were looking at becoming a Landlord? Let me know by contacting me on 0121 321 6090. TO CELEBRATE 5 YEARS IN SUTTON COLDFIELD WE HAVE A SPECIAL OFFER SELL YOUR HOME 0.5%, PROPERTY MANAGEMENT FOR 5%. (For new client instructions only between July and December 2014) Terms and conditions apply

Where is Hot to buy in Sutton Coldfield?

A young couple were asking me where the best places in Sutton Coldfield were to buy a home a few weeks ago. They had a budget between £150,000 and £180,000. Of course the answer I gave them was primarily subjective, due to their requirements for commuting and schools. Locations and price can easily be compared by using area heat maps, it narrows your targeting area for your price bracket. With prices over £250,000 clustering around Sutton Coldfield town centre and surrounding the park. The couple could see that they were better to concentrate their search in the lower parts of Wylde Green and Boldmere areas, with prices ranging from the £150,000 to £200,000. Trends like this can easily be seen in other locations, with central areas being more desirable or particular sites drawing in greater affluence a tendency for higher prices can be found. Take for example, Four Oaks Private Estate, the surrounding area maintains a high level of value even outside the Estate with average prices well over the £450,000 to £500,000 bracket. Certainly for this young couple we ruled out looking in this area, but we discussed their future plans to move to the area. The interesting thing here is the “gentrification” process can easily be related to the movement of people from Urban Birmingham locations through to places like Four Oaks. The couple since found the right property at the right price and we look forward to proceeding there offer through to completion on their new home! Information such as the above can be found on Mousprice.com