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, 8 September 2016
One of my Landlords and I were having a discussion about buying on a busy main street in Sutton Coldfield. We got talking about how often they come up for sale and whether this was an off putting factor.
Turnover or churn of property is an important factor to think of when buying a house. It is overlooked by many. What does this turnover mean?
Turnover on the street is the number of houses available compared to how often they come on the sales market.
We sat down and had a look at the area in question, B72 post code, which runs from Sutton Coldfield Town centre all the way down to Wylde Green.
It seems the natural trend is for certain road to come up for sale on a more regular basis than others. Taking Birmingham Road for example has had around a 102% turnover in the last 20 Years. This is not actually a relatively high percentage, as comparably taking the smaller road of While road, 134% turnover rate can be seen in 20 Years.
This Value can be calculated for almost any street and can help in the decision making process when buying a home or investment......
My client and I came to the conclusion that as an investment a street with a higher turnover was good for him as it showed desirability and increased the chances of adjacent property being kept up to date with contemporary design (to keep up with the changing legislation and fashions that come in play when selling a home).
If you want to know more about where is best to buy then give me a call and I will be happy to help
Andrew Clinton 0121 321 6090
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