Moving home is said to be the third most stressful life event, following a member of your family dying or getting divorced.
It is always best to keep your stress levels down by investigating and doing your homework on both the particular area of Ashford (or nearby) where you live (i.e. where you are selling) and where you want to search for your next Ashford home. Being mindful of how fast (or slow) the different aspects of the Ashford property market is moving is key – because it could save you much heartache and many thousands of pounds.
You see, if you know you are selling a property in a sluggish price range and buying in a faster moving price range in Ashford then putting your property on the market first is vital, otherwise you will always find the one you want to buy tends to sell before your property sells – there is nothing worse than pondering over a property only to find that someone else has bought it. Being primed with all the knowledge is key. On the other side of the coin, if you are selling in a fast moving market and buying in a sluggish market .. you can probably get a better deal on the one you are buying.
For buy to let landlords in Ashford, this evidence is particularly critical as purchasing a high-demand property in a well-liked area of Ashford will safeguard a surfeit of availability of tenants, as well as respectable capital growth.
Being a letting agent in Ashford, I like to keep an eye on the Ashford property market on a daily basis because it enables me to give the best advice and opinion on what to buy (or not) in Ashford for buy to let landlords. So, I thought, how could I scientifically split the Ashford housing market into sections, so I could analyse which part of the Ashford property market was doing the best (or worst).
I took the decision to fragment the Ashford property market into roughly four uniform size price bands (in terms of properties for sale). Each price band would have roughly around 25% of the property in Ashford available for sale .. then add up all the sold (stc) properties and see which sector of the Ashford property market was performing best? And these were the results:
The best performing price range in Ashford is the lower to middle market £210,000 to £260,000 where 46.5% of all property in that price range has a buyer and is sold stc.
The middle to upper end of the property market in Ashford is finding things a little tougher compared to the others. Remarkably for Ashford landlords, the lower market is doing reasonably well, but it’s not the best, so maybe there could be some property deals out there for buy to let investment? Even though the number of first time buyers in 2018 did increase over the 2017 levels, it was from a low starting point and the large majority of 20 to 30 year-olds either don’t want to, or can’t, buy their first home and the local authority has no money to build Council houses meaning an increase in demand as private landlords take up the slack – because everyone needs a roof over their head!
If you would like to pick my brains on the Ashford Property Market – pop in for a coffee or drop me a line.