Heanor attracts property hunters seeking a home in our town
that strikes a wonderful balance between old and new. Luckily, just about every
accommodation preference can be catered for here, from highly desirable
detached houses in Heanor and the rest of the Amber Valley, which are perfect
for families, popular 1930’s bay front semis houses, imposing late Victorian terraced
houses and modern luxury apartments dotted around the Town. But with newspapers
giving mixed messages on what is exactly happening in the town, let us have a
look at what has happened over the last 12 months, in particular, what type of
property is actually selling.
Between August 2013 and August 2014, 323 of the 7,221
properties sold and changed hands in Heanor. The best performing type of
property was terraced houses, with an average sale price of £92,642;
representing 34.8% of the property sold in Heanor (which when you consider only
27.1% of Heanor property is terraced, this means terraced houses have done
well). Next are semi detached houses. They represented 32.5% of the sales but semi
detached properties only make up 38.3% of the property in Heanor.
Detached houses in Heanor represented 32.5% of the house
sales in the last 12 months, but they make up only 28.6% of the housing stock
in the town, again this is great news for owners of detached houses showing
that this type of property has sold well in the last 12 months.
However, the anomaly seems to be apartments because,
according to the Land Registry, no flats or apartments have sold in the town
during the last 12 months even though there are 422 in Heanor.
What does this mean for the property owners of Heanor? It
means that there is a two tone property market place in Heanor. Most homeowners
start with a terraced, aspire to move to semi detached houses, then as finances
allow, they move to a detached property. The majority of apartments, especially
in the Town Centre, were purchased by landlords to rent out to tenants, so they
have no need/want to trade up on the property ladder. There are a small number of homeowners who
are still in negative equity, which in some cases, property values of some Heanor
apartments sold at the height of the boom are still 20% to 25% lower than what
was paid for them in that 2007 boom.
However, on average general Heanor property values are only 11%
off those 2007 property boom, we are seeing some good sales and if you look
hard enough, you may chance upon a "hidden property gem" in the most
unlikely of places.
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