CLICK HERE TO FIND OUT HOW MUCH YOUR SOUTHAMPTON PROPERTY IS WORTH
Well my recent articles about Southampton’s most moved
street in the last 3 years and the Monopoly board article (the one where I
listed the most valuable streets) caused quite a lot of interest locally, so I
decided to see what else I could find out about the SO14 postcode area, and I
have been able find out the biggest streets in the SO14 postcode
area.
Don’t worry, I will get back to some hard-hitting articles
about the lack of new homes being built in Southampton, the trials and
tribulations of being a Southampton buy-to-let landlord and the future of the Southampton
property market .. yet in this article because of the previous positive
comments, I wanted to give you what you, the Southampton homeowners and Southampton
landlords asked about and wanted!
The biggest street in SO14, when it comes to the number of
houses on it is St Marys Road, with 422 homes. In second place is Golden Grove
with 421 homes and in third is Ocean Way with 419 homes.
Yet, size isn’t everything and the most valuable street of
the top 20 biggest streets is Channel Way at £133.3m with an average value of £354,000
per property.
The street with the greatest number of movers in the last 3
years is also Channel Way, yet its saleability rate was only 18.8%, with Royal
Crescent Road having the highest saleability rate of 25.9%.
The full breakdown can be found in this chart below.
Yet, did you really think I wouldn’t get at all serious ..
The basic rudiments of the Southampton property
market remain principally healthy in many parts of Southampton, yet the
existing political environment means that the vital element of
confidence has been diminished slightly in certain parts, and that is
triggering a minority of potential property purchasers and house-sellers to
vacillate, yet with unemployment at an all-time low, a record number of
people with a job, ultra-low interest rates and decent mortgage
availability (with the Banks and Building Societies tending to drop mortgage
rates instead of increasing them), those Southampton first time buyers (and
especially Southampton buy-to-let landlords) who have adjourned their next
house purchase because of perceived political uncertainty should be reminded
that talking to many of my fellow Southampton agents they have more homes on
their books than at any time for the last three or four years, so there is a
greater choice of Southampton properties to call your next home/BTL investment
with a potential of securing a great property deal in the next month or so.
Irrespective of what happens with Brexit, Southampton
people will still need a roof over their heads and as I have mentioned on a
number of occasions, I have proved beyond doubt we aren’t building enough homes
both locally in Southampton and nationally. If supply is limited and demand
increases (as the population grows and we get older), prices in the medium to
long term can only go in one direction. Upwards!
So, whatever happens with BoJo and Brexit – why
wait, because once we get over that hurdle, there will just be another hurdle
and another hurdle and by which time – we will be in 2029 and you would have
missed the boat. We survived the Global Financial Crash, 3-day week in 1970s’,
hyperinflation etc etc … yet the choice
is yours.
If you would like to pick my brains on the Southampton Property Market – pop in for a coffee or drop me a line on social media or email.
If you are looking for an agent that is well established, professional and communicative, then contact us to find out how we can get the best out of your investment property.
Email me on brian.linehan@belvoir.co.uk or call on 023 8001 8222.
Don't forget to visit the links below to view back dated deals and Southampton Property News.
Twitter, https://twitter.com/sotonbelvoir
LinkedIn, https://www.linkedin.com/in/brianlinehan
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