We all have different ideas when it comes to choosing a home. Some prefer a rural retreat in the country while others aspire to live in a modern inner-city apartment. In some cases, home-buying couples might even be looking for different things. The compromises people make when choosing a home are a key element of the complex mentality of the homebuyer.
There are four main property types in England and Wales: flats, detached houses, semi-detached, and terraced houses. A quick glance at the national property landscape reveals that the most common type of property people live in is a semi-detached home, with 31 per cent of people currently occupying one. When it comes to bedroom sizes, 42 per cent of people in England and Wales live in a three-bedroom property, making it the most popular type by room count.
In Chorlton and Old Trafford, the most common type of property is a 3 bed house. There are 7,527 such properties and they account for 48 per cent of the total housing stock. As a result, we see a lot of this kind of property come onto the market, but smaller and larger types of property are also in high demand. One of the best things about our area is the massive variety of buyers all looking for their own perfect next home.
So we know what the most common type of property is in Chorlton and Old Trafford, but which homes sell most often? Land Registry data doesn’t tell us the bedroom count of sold properties, so we only know whether they were flats, terraces, semis or detached. The data shows us that it is flats that transact most frequently in our area.
In reality, we have a very broad cross-section of homebuyers looking for their perfect next home in Chorlton and Old Trafford. If you’re thinking of buying or selling in Chorlton and Old Trafford you’ll no doubt want to work with someone who understands the market and will help ensure you get the optimum price when the time is right. So pick up the phone and give us a call, or pop into the office to see how we can help.