“How far do Burgess Hill people go to move to
a new house?” This was an intriguing question asked by one of my clients the
other week. Readers of my property blog will know I love a challenge,
especially when it comes to talking about the Mid Sussex Property Market!
For the majority,
the response is not very far. It is much more common for homeowners and tenants
in Great Britain to move across town than to the next town or county. Until now, it’s been hard to say how many homeowners and
tenants moved from (and to) relatively far away to buy or rent their new home.
However, I carried out some research and requested some statistics from the
Royal Mail. What came back was fascinating!
Using statistics for the 12 months up to the middle
of autumn 2016, 366 households moved out of Burgess Hill (RH15), moving an
average distance of 45.32 miles - the equivalent of moving from Burgess Hill to
Ashford (as the crow flies). The
greatest distance travelled was 685 miles – that’s more than 26 marathons (when
someone moved to the Shetland Isles).
Considering there were 479 property sales in RH15
in the year and countless tenant moves, the numbers seems consistent – once you find
a town you like, you tend to want to settle down and if you do move, you might only
move to a different neighborhood, or for better transport links or, to be
closer to the school you want to get your children into, but the likelihood is you
won’t travel far.
I then turned my
attention to people moving into Burgess Hill. Using
the same statistics for the 12 months up to the middle of autumn 2016, 371
households moved into Burgess Hill (RH15), moving an average distance of 35.05
miles - the equivalent of moving from Maidstone to Burgess Hill (again as the
crow flies). The greatest distance travelled was 457 miles – that’s more than 17.5
marathons (when someone moved from Ellon in Scotland to Burgess Hill).
I have looked at the data of every person moving into
Burgess Hill and these have been plotted on a map of the UK. Looking at the map
below, it shows exactly where most people come from, when moving into Burgess
Hill. As you can see, there are a high proportion of people moving from London
and the South.
So, what does all this mean for the landlords
and homeowners of Mid Sussex?
When an agent markets a property to let or to
buy, it is vital to know the tenant or property
buyer well, that the properties they are letting/selling fit those
tenants/buyers, so they almost sell themselves. These days that means not only knowing
how many bedrooms, reception rooms etc., a property offers but the budget buyers
and tenants want to spend on a property in that area as well as where they come
from.
No comments:
Post a Comment