The uncertainty surrounding the future of phase one of HS2 (London to Birmingham) finally comes to an end. What does this mean for buyers and homeowners whose properties are affected?
Rachel Johnston of Stacks Property Search says, “People having been living with the threat of HS2 since March ’10, and for those with an urgent need to move, either to or from, the areas affected, HS2 represented the blight of the worst kind. Confidence is crucial in the property sector, and this February’s statement at last allows buyers and sellers to make informed decisions. There will undoubtedly be properties blighted by the effect of HS2; but we will now be dealing with a known quantity. Buyers will be able to make a judgement in terms of lifestyle vs value.
A lot of the campaigning and outrage against the route between London and Birmingham cast a sense of a looming wasteland, but a more realistic understanding of the impacts in the long term has been established since the idea of the line was first introduced, and this decision will help this further. House prices along the route took a big hit but have now recovered to a realistic market price – you’re unlikely to get a bargain now in the Chilterns. Buyers should make an informed choice as to whether the HS2 downsides outweigh the area’s positive draws, and plenty are deciding that they do!.
“Take the time to inform yourselves about each particular house you are considering – for example, construction impacts are already being felt along the route, so you can get a better feel for the potential disruption.
Emma Barkes of Stacks Property Search says, “Prices of properties away from the proposed route will hold up or even increase, especially those west of the M40 but still in striking distance of a mainline station on the Chiltern line. But there will be bargains to be had on the route itself for those who are prepared to take a long-term view. Blight will be worse during construction work but once the line is up and running and landscaping has taken effect you may find yourselves with a desirable property you would otherwise not have been able to afford.
“Equip yourself with all the information you can, have a good look at all the websites, and inspect the maps in detail. Become an expert.
“Look at each property on its own merits and take a view according to your own circumstances.
“Don’t just look at the distance between the proposed route and the house in question – look at the lie of the land as well. Things can look much bleaker on a map than they do in reality, for instance if a hill lies between the property and the route.
“What does it really mean to live near a high speed rail link? A trip to Kent to establish the reality may be a sensible plan.”
Stacks Property Search, 01594 842880 / www.stacks.co.uk
Call us on +44 (0) 1594 842880 or complete the form below
When making probably the most important financial decision of your life, it pays to have the right advisors at your side.
Retirement or semi-retirement is an exciting stage in life. Finding the right home to live in and enjoy it to the full is important. We know that and will do all that we can to understand what you’re looking for… before starting to search. And search we will, until we find the house of your dreams.
Relocating is time consuming and stressful. We regularly work with clients who live abroad. We hunt, short-list, prepare your viewings, and make the search process as easy as possible. We oversee the negotiations, manage the conveyancing, and deal with the headaches, so you can concentrate on other aspects of your move.
A holiday home is often an interesting mix of investment and heartfelt connection. You want to use it, but you may well also be keen for others to use it too. We can advise you on what factors to consider in making your decision. And we can then find the perfect holiday home for you to enjoy.
Others say, ‘location, location, location’. We say, ‘location, purpose, price, capital growth, rental returns’… the list goes on. Knowing the market is critical. Local knowledge is key. We ensure all aspects of your investment decision are addressed. Finding, analysing, negotiating, and completing… it’s what we do.
“You showed fantastic attention to detail, anticipated all eventualities, and provided timely and practical help and guidance every step of the way. Above all, you supported me in making my own considered decisions, and I am so grateful to you for all your help in getting me to where I am now!”
“We firmly believe that without Rachel and her skilled negotiation we would not have secured the property.”
“We felt they genuinely wanted to help.”
“Stacks’ performance on this assignment has been absolutely outstanding and more than met my expectations. Her understanding of the brief and the ‘after-find’ service set a standard of professionalism that I have not met before.”
“It is not often that one is pleased to part with money but I can truthfully say that I am on this occasion. You have earned every penny of this cheque and what is more, you have done it with great courtesy and good humour. It has been very pleasant working with you. You really did take most of the stress out of our house hunting.”
“Encouraging me to think creatively about what could work for me.”
“Finding a plot not yet on the market and persuading the developer to enter into an exclusive contract with me to build to my specification.“
“I was impressed by the efficient, kind and courteous service provided by Stacks”
“Stacks were a tremendous help and we would never have found our home without them. She is a lovely person with a great sense of humour which was essential during some of our tricky negotiations“
“You gave a much-valued ‘younger’ perspective on our situation, which was a real asset”
“We found the service extremely helpful and professional at all times”
“I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future.”