As 2015 draws to an end and the latest statistics reveal that the average house price in England has now reached £300,000, it is a good time to reflect on what unbeatable value for money Swindon represents when it comes to house-hunting.
At £187,837, the average property price in Swindon is significantly below the national average. The even more striking comparison with London (£541,940), Oxford (£468,907) or Bath (£384,820) – all within relatively close proximity for Swindon-based commuters – should provide house-hunters with plenty of food for thought in 2016.
Dewhurst & Co. recently sold a gorgeous 4-bedroom detached house in Peatmoor for £299,000. (http://www.dewhurstandco.com/properties/8795378/sales) A similar property in Oxford, just 30 miles up the road, could easily fetch half a million pounds. A budget of £175,000 buys a nice 3 bed family home in North Swindon; that barely gets you a modest 2 bed flat in Bath, 20 minutes down the M4. And Swindon is the perfect location for first-time buyers looking for a new or nearly new apartment with budgets in the £100,000 - £125,000 range.
But it is not just about price. Swindon has a thriving economy and is a great place to live and work. Honda, Nationwide, WH Smith, Intel and the National Trust are all highly respected employers with their national headquarters in Swindon. Collectively they offer thousands of job opportunities in a town where the unemployment rate has fallen to just 5%.
“Swindon may be off the property radar for many people outside of the town,” says Chris Dewhurst, “but savvy homebuyers should think again. Not only does it offer great value for money, but Swindon is also an attractive proposition if work-life balance is your priority. If there is a similarly sized English town with green spaces as beautiful and diverse as Coate Water, Lydiard Park, The Lawns, Stanton Park and Town Gardens then I have yet to find it!” Drive out of town in any direction and you soon hit stunning countryside or picturesque market towns, whether it’s the Cotswolds, Marlborough Downs, Lacock or Malmesbury (home to Dyson, another prestigious local employer).
For shopaholics, The Great Western Designer Outlet is one of the South West’s premier retail destinations, movie buffs get their big screen fix at three multiscreen cinemas, while foodies flock to Old Town’s award-winning restaurants and funky gastropubs. Several outstanding schools and one of the lowest crime rates in the country make Swindon a family-friendly place to settle, too.
In 2016, Dewhurst & Co. will be marketing a great range of properties to buy in Swindon, including the exciting new build development at Liberty Park in Headlands Grove. Our specialist Lettings Team will also continue to offer the widest range of rental properties in town. Watch this space!
PS DON’T FORGET WE ARE OFFERING A FESTIVE REDUCTION OF 20% ON ALL PROPERTY AND LETTINGS FEES UNTIL NEW YEAR’S DAY