where to live

Guild Blog: Location, location, location: a guide to finding your next home

There is one thing that all property professionals agree on, whether they work in commercial property or residential, and it’s that location is one of the most important factors to consider when buying a home. Property gurus around the world continue to emphasise the importance of location because it has such a massive bearing on a property’s desirability and potential investment return.

There are several key elements to consider before making your final decision. If a location has more positive elements, than negative, it will be in higher demand and will have a greater potential resale value in the future.  Essentially, it comes down to desirability and whether buyers would want to live where the home is situated – there is a direct collation between demand and property prices.

Don’t compromise on location

There are a lot of buyers who focus on the property itself and perhaps compromise on where it is situated. However, when it comes to the appreciation potential of the home, this will end up hurting their back pocket. A home can be changed, updated or renovated, but you can’t alter its location. Therefore, it is always better to prioritise location and compromise on the property.

pins in a map

Development

A good location is where there is the potential for growth and development. The area needs to be able to support the demand for property over the long term and subsequently increase its value in time. However, bear in mind that certain developments can devalue a location, such as the construction of a power plant or dump within proximity to the home. Before purchasing in an area, find out about future development plans. Developments such as new industrial sites, new roads, or railways or even industrial activities can vastly alter the price profile of an area.

Investment and commercial activity

National retailers and property developers will do thorough market research before deciding to invest in an area. So, commercial activity, corporate investment and residential and commercial property developments, are all indicators that the area has the potential for strong investment returns. Also, the presence of long-established or well-known brands within the surrounds will indicate that there is a level of confidence that the area has good growth potential.

Infrastructure

The infrastructure in an area needs to accommodate the level of service required by its residents. Neglected areas that experience poor service delivery are not a good option. These areas can be distinguished by the upkeep of the general public land such as the parks, pavements and roads.

cycling in the park

Amenities

Another factor to consider is the quality of the amenities in the area. These include shopping and medical facilities, entertainment areas, restaurants, public services and outstanding schools. Convenience is a highly valued commodity.

Shopping Centre
View of the ceiling of the Hall of a beautiful vintage shopping center in England

Crimes levels

Properties in a high crime rate zone will not hold their value over time. Research from insurer Direct Line revealed that almost half of Brits would check crimes statistics in neighbourhoods they might live in, and 47% would not buy a home in an area with a high crime rate. Over a third said they would expect to pay less for a property in a high crime area.

To check the crime rates in an area, you can visit crime-statistics.co.uk/postcode or police.co.uk.

Transport

Accessibility to transport routes and train stations will also have an impact on an area’s appreciation potential. A large portion of the British population commute far distances every day to get to work, so easy access to public transport is a major consideration.

train station
Train on platform in station in London

The adage of location, location, location is as relevant today as it was when it first appeared in print in 1926. While finding the right home in the right location will require time and research, the future benefits of solid growth in the value of the property will certainly make it worthwhile.

Get in touch to find a home in the right location!

Here at The Guild, we can help you find a home in the right location. Simply contact us today to find out more, or visit our buyers guides on our website.

Yorkshire Day 2018 in Ripon

Yorkshire Day 2018

 

Click through to our Facebook page using the link below to see some of the images from Yorkshire Day in Ripon …

 

 

At 10am this morning there was a Civic Parade from the #Ripon Spa Hotel, around the historic market place with its Town…

Posted by Joplings on Wednesday, 1 August 2018

A Yorkshire Rose from all at Joplings – have a lovely day!

Guild Blog: The Best British Villages You’ve Never Heard Of!

Villages …

 

Grewelthorpe – a popular village near to Ripon.

 

 

Big or small, the villages in England are always a treat. From St. Ives to Castle Coombe, we’ve all seen their many wonders. But what if you’re looking for an experience that’s off the beaten path? We’ve found some of the most charming villages in the UK that you’d never heard of.

 

Please click the link below to find at least three villages, we’re sure you will have heard of …

 

1. Cerne Abbas, Dorset

Cerne Abbas is a Dorset treasure that’s certainly worth a visit. Located along the River Cerne, the village grew up around an abbey and is known for its lovely architecture and the ‘rude giant’ that features in its fields.

 

2. Hellidon, Northamptonshire

A quaint village in Northamptonshire, Hellidon is perfect for those searching for a quiet retreat. Try one of the many country walks, or if you fancy something a bit sportier, the pool and spa just outside the village is the perfect way to spend an afternoon.

3. Saltaire, West Yorkshire

Saltaire is a town next to the River Aire that was a thriving industrial village in the second half of the nineteenth century, and it is incredibly well-preserved today. The mill has now been converted into an art space and a shopping arcade. Walking through the town can make you feel like you’ve stepped back in time.

 

4. Framlingham, Suffolk

This market town is full of history and mystery. First known for its connections to the Howard family of Tudor fame, Framlingham is the birthplace of many other notable Brits such as Ed Sheeran. The ‘Castle on the Hill’ referenced in Sheeran’s hit single is a must-see.

 

5. Presteigne, Wales

Presteigne is a town right on the border between England and Wales. It’s surrounded by stunning untouched countryside, which makes it perfect for a rural retreat, but that’s not all Presteigne has to offer. There’s a vibrant high street and cultural centre, and the annual Presteigne Music Festival is an internationally known event that’s not to be missed.

6. St Mawes, Cornwall

A fishing village situated on the end of the Roseland peninsula, St Mawes is one of the most picturesque villages you’ve never heard of. It’s almost completely surrounded by the sea, which means that the views are spectacular. The community is known for its close ties and welcoming nature, making it a real Cornish gem.

 

7. Aysgarth, Yorkshire

Aysgarth is located in part of the Yorkshire Dales National Park. It’s home to Aysgarth Falls, one of Britain’s loveliest waterfalls, which featured in the film Robin Hood.

8. Higher Bockhampton, Dorset

Higher Bockhampton is tucked deep into the Dorset countryside, surrounded by rolling hills and high hedges. This village is the setting of Thomas Hardy’s first five books and is where Hardy was born. You can even visit Hardy’s cottage, which is now a National Trust property.

 

9. Hutton-le-Hole, North Yorkshire

It doesn’t get more English than this North Yorkshire village. There’s a lovely quiet stream, plenty of pubs, and moorland sheep graze throughout the village. It’s the perfect ice cream picnic spot during the summer months.

10. Lustleigh, Devon

Lustleigh might be the most picturesque village in England. It’s one of Devon’s most well-maintained villages. Thatched cottages surround a 13th century church, bookended by the Primrose Tea Rooms and a village shop. Have a pint at the pub while you watch a cricket match on the local pitch.

 

Are you looking for a home in one of these hidden gems? Contact your local Guild agent today.