At 7.0% and 8.5% respectively, average annual price growth in Wales and the South West is significant. In both areas growth is currently stronger than at any point in the last four years. Five areas of the South West are currently experiencing double-digit price growth. Caerphilly is the strongest performing area in South Wales. Properties are selling more quickly than a year ago.
Average property prices in the South West and Wales are more expensive than a year ago and activity across the market is robust. On average 3.4% of private properties are sold each year, with turnover in Tewkesbury more than 4%. Over 14,800 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.
First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.
Bay Tree Cottage is a modern semi-detached cottage style home built in 2002, situated in the charming hamlet of Tetbury Upton and enjoying a large south-west facing garden to the rear. The property, constructed with natural Cotswold stone, offers excellent accommodation arranged over two floors to include four bedrooms, two reception rooms, a kitchen-breakfast room and an integral garage.
This Grade II Listed detached period house is ideally situated in Yeovil, where there is an excellent range of shopping and business facilities, as well as a mainline rail station and excellent road links. The house itself benefits from five bedrooms, a swimming pool with a sauna, a kitchen-breakfast room with adjoining boot room, a self-contained two-bedroom annexe and a games room.
This stunning five-bedroom period home is nestled away in a peaceful position, surrounded by mature private gardens within 4.12 acres of land, ample parking and garages. Extended around twenty-five years ago, this home offers a wonderful space for modern and rural living, with space for home-working or multi-generational living in a self-contained annexe. For commuters, Bristol and Cardiff are a commutable distance away and London is two hours away by train.
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Newcastle Office
119-121 St George's Terrace
Jesmond
Newcastle upon Tyne
NE2 2DN
0191 240 3333
js@sarahmains.com
Low Fell Office
4 Beaconsfield Road
Low Fell
Gateshead
NE9 5EU
0191 487 8855
lfs@sarahmains.com
Whickham Office
8-10 The Square
Whickham
Newcastle upon Tyne
NE16 4JB
0191 488 9999
ws@sarahmains.com
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Sarah Mains Residential Estate Agent | Branches throughout Newcastle and Gateshead.
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Sarah Mains Residential Ltd. Registered in England & Wales. Company No: 04324202. Registered Office Address: 8-10 The Square, Whickham, Newcastle Upon Tyne NE16 4JE .
Sarah Mains Residential (Whickham) Ltd. Registered in England & Wales. Company No: 05774118. Registered Office Address: 8-10 The Square, Whickham, Newcastle Upon Tyne NE16 4JE .
Sarah Mains Residential (Newcastle) Ltd. Registered in England & Wales. Company No: 04919065. Registered Office Address: 8-10 The Square, Whickham, Newcastle Upon Tyne NE16 4JE .