Welcome to the Sutton Coldfield Property Blog. This is narrative on the property market within Sutton Coldfield and surrounding areas (such as Erdington, Great Barr and Coleshill). Each post will provide you with an insight into the details of the current property market within the local area.
Thursday, 4 September 2014
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
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