Many folks say moving home is the most stressful thing.
Moving home is like someone (and that someone is usually you and you are the
cause of this devastation) has collected all your worldly goods, put them into
brown boxes and into a lorry making your whole life look like a Amazon delivery
van, only to spend the next six months unpacking it all, whilst unable to find
important things like your bank cards, ‘those’ shoes or special jewellery!
We wish we could be instantly transported like in Star Trek “Beam
me up Scotty to a blissful moved in state”.
Yet the week you move, it’s like an episode from the original 1960’s
series Star Trek, when the crew had a transporter accident with an ion-storm
sends Kirk and Spock into an alternate reality, where the caring Federation is
the merciless Terran Empire, and the USS Enterprise is a warship and chaos
eschews!!!
Star Trek aside, when you decide to move and before the
stress of living out of cardboard boxes for months descends; first you trawl
the portals (Rightmove/Zoopla/On The Market) to find a new house, which out of
the hundreds of properties available to buy, you will probably only view around
four or five of them, for no more than 20 minutes each. Then, you will arrange
a second viewing of one or two of those initially viewed properties for the estate
agency industry stated average of 30/45 minutes maximum (fascinating when you
think most people take hours to decide what clothes or shoes to buy but minutes
to spend hundreds of thousands of pounds on their next home!). Then you put your property on the market with
an estate agent, find a buyer for your Southampton property, agree a price for
both, then instruct solicitors. The property becomes sold ‘subject to euphuism’
... sorry ‘contract’ … as solicitors and surveyors and mortgage companies pick
holes in the paperwork, threatening to wreck the chain at any moment, whilst you
can’t get too attached to the property you want to purchase in case the sale
falls through … phew - stressful or what??!!
Is it worth it? Worth the stress? The brown cardboard boxes?
Well many Southampton people think so.
In the last 12
months, 461 families have sold and moved home in the Southampton SO18 area
Yet the question I want raise is ... do people on certain
streets in the SO18 postcode move more often than others? Well, the answer
might surprise you. I looked at the Land Registry for all the property sales
going back 23 years (to 1995) in the SO18 postcode whilst also calculating the
average value of a property on a particular street/road (to see if there was a correlation
between price and moving). So initially looking at the top 10 streets in the
postcode, in terms of pure out and out house sales, Midanbury Lane is the
winner with an average of 13.78 house sales per year (since 1995) as on the graph below.
And to look at the bigger picture, the table below shows the
top 25 streets, with the average value of a property on that street. As you can see, there is no correlation
between the average value of a property and the number of times a property gets
sold on that street.
|
Street
|
Average Value of
a Property
On that Street/Road |
Average Number
of
Properties Sold per Year (since 1995) |
|
Midanbury Lane
|
£241,608
|
13.78
|
|
Woodmill Lane
|
£216,723
|
13.61
|
|
West End Road
|
£242,604
|
11.96
|
|
Cobbett Road
|
£195,698
|
11.26
|
|
Bullar Road
|
£176,564
|
10.13
|
|
Bitterne Road West
|
£191,032
|
10.04
|
|
Harbourne Gardens
|
£179,892
|
10.17
|
|
Quayside Road
|
£196,458
|
9.13
|
|
Dean Road
|
£207,866
|
9.04
|
|
Manor Farm Road
|
£279,511
|
8.61
|
|
Duddon Close
|
£178,645
|
8.04
|
|
Torridge Gardens
|
£182,263
|
7.78
|
|
Riverdene Place
|
£216,523
|
7.87
|
|
Thornhill Park Road
|
£180,885
|
7.48
|
|
Newton Road
|
£245,800
|
7.35
|
|
Oaktree Road
|
£253,300
|
7.30
|
|
Edelvale Road
|
£206,656
|
6.87
|
|
Cobden Avenue
|
£210,135
|
6.91
|
|
Eden Road
|
£292,347
|
6.70
|
|
Vespasian Road
|
£229,815
|
6.61
|
|
Mersham Gardens
|
£162,709
|
6.52
|
|
Hawkeswood Road
|
£231,250
|
6.13
|
|
Ash Tree Road
|
£224,144
|
6.09
|
|
Pound Street
|
£211,955
|
5.87
|
|
River View Road
|
£134,076
|
5.74
|
However, I still felt the information wasn’t telling the
whole story … some roads in SO18 have more properties on than others, so I
wanted to then compare the average number of properties sold by the actual
number of properties on that street, to find out the streets whose owners
proportionally moved (or sold more often) than the rest of the locality.
In the next article, (and I promise I won’t mention Star
Trek again), I will answer that question in great depth ... and the results
should (as they did me) certainly raise an eyebrow. The question is ... do you
live on one the top 25 Southampton most saleable streets in S018?
Come back to my Southampton Property Blog for the next
article to find out!
If you are looking for an agent that is well established, professional andcommunicative, then contact us to find out how we can get the best out of your investment property.
Email me on brian.linehan@belvoirlettings.com or call on 023 8001 8222.
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