Many folks say moving home is the most stressful thing.
Moving home is like someone has collected all of your worldly goods, put them into
brown boxes and into a lorry, making your whole life look like a Amazon delivery
van - only to spend the next six months unpacking it all whilst unable to find
important things like your bank cards, ‘those’ shoes or special jewellery!
We wish we could be instantly transported like a in Star Trek “Beam
me up Scotty to a blissful state of unpacked and move complete”.
Yet the week you move, it’s like an episode from the original 1960’s
series Star Trek, when the crew had a transporter accident with an ion-storm which sends Kirk and Spock into an alternate reality where the caring Federation is
the merciless Terran Empire, and the USS Enterprise is a warship and chaos
eschews!!!
Star Trek aside, when you decide to move usually a long time before the
stress of living out of cardboard boxes for months descends; first you trawl
the portals of Rightmove, Zoopla, and On The Market to find a new house. Out of
the hundreds of properties available to buy, you will probably only view around
four or five of them, for no more than 20 minutes each. Then, you will arrange
a second viewing of one or two of those initially viewed properties which the estate
agency industry stated average suggests takes an additional 30-45 minutes - fascinating when you
think most people take hours to decide what clothes or shoes to buy but minutes
to spend hundreds of thousands of pounds on their next home! Then you put your property on the market with
an estate agent, find a buyer for your Loughborough property, agree a price for
both, then instruct solicitors. The property becomes sold ‘subject to contract’ as solicitors, surveyors and mortgage companies pick
holes in the paperwork, threatening to wreck the chain at any moment, whilst you
can’t get too attached to the property you want to purchase in case the sale
falls through. Phew, stressful or what??!!
Is it worth it? Worth the stress? The brown cardboard boxes?
Well many Loughborough people think so. In the last 12 months, 637 families have sold and moved home
in the LE11 area of Loughborough.
Yet the question I want raise is 'do people on certain
streets in the LE11 postcode move more often than others'? Well, the answer
might surprise you. I looked at the Land Registry for the all the property
sales going back 23 years to 1995 in the LE11 postcode whilst also
calculating the average value of a property on a particular street or road to see
if there was a correlation between price and moving. So initially looking at
the top 10 streets in the postcode, in terms of pure out and out house sales, Park
Road is the winner with an average of 11.61 house sales per year since 1995 as on the graph below.
And to look at the bigger picture, the table below shows the
top 25 streets, with the average value of a property on that street. As you can see, there is no correlation between
the average value of a property and the number of times a property gets sold on
that street.
|
Street
|
Average Value of Property
On that Street/Road |
Average Number of
Properties Sold per Year
(since 1995)
|
|
Park Road
|
£201,853
|
11.61
|
|
Paget Street
|
£137,621
|
9.13
|
|
Braddon Road
|
£167,176
|
8.61
|
|
Highland Drive
|
£209,871
|
8.57
|
|
Station Street
|
£135,007
|
8.26
|
|
Beacon Road
|
£341,607
|
8.26
|
|
Ratcliffe Road
|
£117,746
|
7.87
|
|
Leopold Street
|
£159,462
|
7.70
|
|
Forest Road
|
£310,395
|
7.43
|
|
Albert Promenade
|
£167,268
|
7.17
|
|
Parklands Drive
|
£193,177
|
6.70
|
|
Burder Street
|
£115,438
|
6.57
|
|
Alan Moss Road
|
£149,989
|
6.70
|
|
Knightthorpe Road
|
£180,264
|
6.22
|
|
Darwin Crescent
|
£198,099
|
6.22
|
|
Burns Road
|
£97,638
|
6.17
|
|
Abberton Way
|
£144,881
|
5.70
|
|
Buckingham Drive
|
£174,932
|
5.52
|
|
Meadow Lane
|
£139,247
|
5.39
|
|
Brush Drive
|
£165,105
|
5.22
|
|
Perry Grove
|
£149,347
|
5.04
|
|
Bottleacre Lane
|
£132,697
|
4.78
|
|
Nanpantan Road
|
£313,256
|
4.91
|
|
Nottingham Road
|
£128,011
|
4.83
|
|
Kings Avenue
|
£153,124
|
4.74
|
However, I still felt the information wasn’t telling the
whole story - some roads in Loughborough have many more properties on than
others, so I wanted to then compare the average number of properties sold by
the actual number of properties on that street in order to find out the streets whose
owners proportionally moved, or sold more often, than the rest of the locality.
In the next article, I will answer that question in great depth and the results
should - as they did with me -certainly raise an eyebrow. I promise I won’t mention Star Trek again! The question is 'do you
live on one the top 25 Loughborough most saleable streets in the LE11 area of Loughborough'?
Come back to my Loughborough Property Blog for the next
article to find out!
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