If you plan on selling your home, it is vital you connect with buyers. At Fraser Reeves, we are committed to ensuring you connect with buyers. We know the local market, and we make sure you make informed decisions.
Do you know house prices in Newton-le-Willows?
According to Rightmove, house prices in Newton-le-Willows, as of the end of September 2021, are as follows:
“Properties in Newton-le-Willows had an overall average price of £183,817 over the last year.
The majority of sales in Newton-le-Willows during the last year were semi-detached properties, selling for an average price of £170,640. Terraced properties sold for an average of £140,064, with detached properties fetching £279,495.
Overall, sold prices in Newton-le-Willows over the last year were 8% up on the previous year and 18% up on the 2018 peak of £155,376.”
This is a suitable price for many first-time buyers, and it is no surprise that many people or couples look to Newton-le-Willows as the ideal place to set up their first home.
At Fraser Reeves, we stay in touch with vendors and buyers, including first-time buyers. If you are looking for guidance on any local housing matter, please get in touch.
What are first-time buyers looking for?
Findings from Kettel, a PropTech start-up company, researched first-time buyer activity recently. Some of their key findings include:
67% of first-time buyers have selected a metropolitan area as opposed to a countryside location
77% of first-time buyers have prioritised transport links when selecting their first home
58% of these buyers used the pandemic to save money for a larger deposit
Trevor Stunden is the CEO and Co-Founder of Kettel, and he said; “Although there has been a significant move from city to rural locations for traditional buyers during the pandemic, it’s interesting to see that first-time buyers are still prioritising city locations and good transport links. With a lower average age, first-time buyers still want to live close to the cultural centres of the urban areas. With increased savings during the pandemic, first-time buyers are pushing forward with their original plans and locations and are using these savings as an opportunity to get on the property ladder.”
Stunden also said: “With house prices now levelling off, there’s renewed opportunity for first-time buyers to get onto the ladder and we want to support them through this process. Buying your first home is a stressful experience and we want to reduce that stress and empower first time buyers with the knowledge and confidence to make an informed decision.”
What locations are first-time buyers looking for?
The analysis also looked into where first-time buyers are looking for homes, with particular focus placed on the London and Manchester markets. The key factors considered in these markets include:
The average sale price per number of bedrooms
The unemployment rate in the local area
The location of schools and availability
The leading locations in the capital for first-time buyers include Wandsworth, Lewisham and Hackney. In Manchester, the leading areas include Stockport, Trafford and Tameside.
Unsurprisingly, the least suitable areas for first-time buyers in London were Ealing, Westminster and Kensington and Chelsea. In Manchester, Oldham, New Islington and Salford were highlighted as being unsuitable for first-time buyers.
With Newton-le-Willows lying 20 miles from Manchester, any movement towards city centre living is likely to impact the local market. We believe there is a lot to like about life in this part of the country. You are conveniently located for Manchester, and Merseyside, but you get to avoid the relentless pressure and activity of city centre living.
As local agents in Newton-le-Willows, we are keen to support vendors, buyers and landlords in the area as best we can. We offer an extensive range of services, aimed at helping you make your next move with confidence.
If you would like to arrange a property valuation, or discuss your property options, please call Fraser Reeves on 01925 222555.