stratford-upon-avon market insight - 2018 · stratford-upon-avon market insight 2018 residential...
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STRATFORD-UPON-AVON MARKET INSIGHT 2018
Property prices in Stratford-upon-Avon Achieved prices, 12 months to March 2018. Circles can denote multiple sales in the same postcode
Source: Land Registry
Up to £500,000
£500,000 to £600,000
£600,000 to £800,000
£800,000 to £1m
£1m-plus
Market update Average property prices in Stratford-upon-Avon have increased by 4.7% over the year to June, according to data from the Land Registry. Annual price growth is still positive, but it has been moderating, in line with the general pattern across the UK. But while price growth may be slowing, activity levels
remain robust, especially for homes valued above £500,000. Knight Frank analysis of Land Registry data shows a 14.6% year-on-year increase in sales volumes for property valued at and above this level over the year to March 2018. We are forecasting price growth of 14.8% across the West Midlands between 2018 and 2022.
Samantha Holton, Senior Negotiator “Rising sales volumes in Stratford-upon-Avon reflect the ongoing demand for property in the town. The market is primarily driven by needs-based buyers with a tangible reason to move - whether that be for schools, work or simply because of a growing family. In the market above £1m buyers remain price sensitive, which has meant that negotiations are generally taking longer. Competitively priced homes that need little or no work are the ones attracting the most interest and offers.”
Stratford-upon-Avon: Fact file
AGE OF HOUSING STOCK
Pre-1900
1900-1939
1945-1972
1973-1999
2000-present
18%
10%
26%
15%
STOCK BY PROPERTY TYPE
Flat
Terraced
Semi-detached
Detached
Source: Knight Frank Research
13%
25%
28%
33%
4.7% Annual property price change
1.9% Quarterly property price change
31%
STRATFORD-UPON-AVON MARKET INSIGHT 2018
RESIDENTIAL RESEARCH
Source: Knight Frank Research / Land Registry
Prime transaction volumes in Stratford-upon-Avon Sales completed with a value of £500,000 and above
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Tota
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Stratford-upon-Avon: Key stats
Source: Knight Frank Research / EPC / Rightmove
14.6%
Year-on-year increase in £500,000 sales (year to March 2018)
10 weeks
Average number of weeks on the market for properties sold in Stratford-upon-Avon in 2017
24
Average number of trains to London on a weekday
£410
Average price per square foot for prime property sold in Stratford-upon-Avon in 2017
Who moves to Stratford-upon-Avon? Internal migration by local authority or region (2017)
Source: ONS
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Solih
ull
Birm
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Lond
on
Redd
itch
Che
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havo
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Cot
swol
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Cov
entry
Brom
sgro
ve
0
300
600
900
1,200
1,500
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of p
eopl
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moving from...
RESIDENTIAL RESEARCH
Oliver Knight Associate +44 1962 677 242 [email protected]
Important Notice © Knight Frank LLP 2018 - This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.
Please get in touchIf you’re thinking of moving, or would just like some property advice, please do get in touch, we’d love to help Samantha Holton +44 1789 200693 [email protected]
William Ward-Jones +44 1789 206951 [email protected]