Well, it
doesn’t seem like two minutes ago that it was Christmas – and now it’s all
over! One cold December morning, after arranging the office’s Christmas cards I
thought I would nip out for a quick festive coffee and mince pie at my
favourite local coffee shop Coffee#1. I
met an old client of mine in the coffee shop and we got talking about the Warminster
property market. I had just completed my research for my next blog article and I
would like to share with you the parts of the conversation relating to the Warminster
property market.
He asked me
what my thoughts were about the last half of the year in regard to the Warminster
property market and if there were any great buy to let deals around. In reply I
said that, in my view, shrugging off the uncertainty of the initial post Brexit
vote, I have seen plenty of demand, and a rise in the number of properties
selling at the lower to middle end of the market, meaning both first time
buyers and buy to let landlords have been returning in the last few months.
So let’s look at the numbers ..
In November 2016, according to the three main property portals
(Rightmove, Zoopla and OnTheMarket) there were a total of 92 properties for
sale in Warminster (within 2 miles of the center of Warminster to be exact). In
November 2015, there were only 77 properties for sale, a rise of 19%.
When I split it down into bedrooms (note things like building
plots and part commercial/part residential etc won’t be in these figures so the
numbers below wont exactly match up to those in the above paragraph).
|
|
# Properties on the market in Nov 2015
|
# Properties on the market in Nov 2016
|
Per cent Change
|
|
5+ Bedrooms
|
12
|
12
|
0%
|
|
4 Bedrooms
|
20
|
21
|
+5%
|
|
3 Bedrooms
|
22
|
26
|
+18%
|
|
2 Bedrooms
|
18
|
24
|
+33%
|
|
1 Bedroom
|
5
|
9
|
+80%
|
.. and when I looked at type of properties .. it got even more interesting
|
Type of Property
|
# Properties on the market in Nov 2015
|
# Properties on the market in Nov 2016
|
Per cent Change
|
|
Detached
|
48
|
46
|
-4%
|
|
Semi
|
11
|
17
|
+55%
|
|
Terraced
|
8
|
9
|
+13%
|
|
Flat
|
7
|
13
|
+86%
|
As the number of Warminster properties put up for
sale has soared by 19%, homeowners have become more realistic about how much
their homes are worth. This increase in homeowners wanting to sell suggests
there is renewed confidence in the Warminster property market and there are
also signs that people are being more realistic about pricing their property.
