Thu 29 Oct 2015
The simple answer is Yes location does matter.
Buying a property in the right location if you are looking to get a good return on your investment is the key to maximising the price. Why? Popular locations usually have a low supply of available properties on the market, due to high demand properties will often sell not long after the for sale board is put up. So when it comes to selling the property again you shouldn’t be short of interest and potential buyers.
What makes a place popular, good local amenities on your door step, i.e. a good pub, a shop, post office, good local school, picturesque scenery, good transport links and not far from a City or Town with good amenities.
Often the best places to invest your money are the places just outside a popular village or location, often extremely desirable areas have a ripple effect that means the demand will reach the surrounding area too.
A great example of this is Burnham Market in North Norfolk which has been a highly popular destination for weekend retreats and holiday breaks so the demand for properties has always been high, in recent years we have seen this spread down the coastline to places like Thornham and Holme and also inland too with villages like Docking and East Rudham,
So when it comes to buying any property no matter whether it is located in a less desirable location or in a highly desirable location my advice is to do your research, how long have properties been on the market for in the area? How much competition is there, are there many similar properties on the market?
Contact Will at Sowerbys, Burnham Market Office, Market Place, Burnham Market, Norfolk, PE31 8HD or firstname.lastname@example.org 01328 730340
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