By Craig Fuller of Stacks Property Finders
With prices and stock levels low, which are the areas you should be setting your sights on?
Going west, Craig Fuller, regional director of Stacks Property Search, tips Gloucestershire. “In Painswick, Stroud and east of the M5, there are huge opportunities to get large houses — more than 4,000 sq ft. We are seeing properties that started out at £1.5m-plus selling for £950,000-£1m. One dropped from £1.3m to offers around £650,000.”
If you have a budget of less than £125,000 — the level at which you start to pay stamp duty in England — Lancashire has the largest number of properties available, according to Jackson-Stops. Of the 5,700 properties for sale below this sum, 3,048 have three bedrooms and 27 have six.
Another emerging hotspot is Collingham, Nottinghamshire. “More homes have come up for sale and the village is popular with families, as it is in lovely countryside and just 10 minutes’ drive from Newark-on-Trent, from where many people commute to London King’s Cross,” says Louise Ridings, regional director at Stacks. “The recent dualling of the A46 has also vastly improved the journey to Nottingham.”