The hot spots of the Warrington property, and which are getting hotter and hotter
The Warrington housing market has exploded over the past 12 months, with buyers desperate to move despite the lockdowns.
Real estate prices have increased on average by around 8% in 2020 compared to 2019 and real estate agents have seen a demand for homes far above supply come into the market.
Family-owned real estate agency Ashtons, which has seven offices in and around Warrington, St Helens and Wigan, had its best sales year in 2020 – even though it had to close for two months due to Covid restrictions.
Nicholas Johnson, Ashtons branch manager at Stockton Heath, said as soon as they were able to reopen in May inquiries and sales exploded.
“It coincided with the announcement of the stamp duty changes, so in the seven months leading up to Christmas the increase we saw was unreal,” he says.
“We have a lot more potential buyers than sellers so it’s absolutely a sellers market right now and most properties have a lot of offers on them. We sold one very recently which had 10 views and nine offers which was a record for this particular street. “
Nick says they’ve had to restrict the number of potential buyers who can view the properties, but that hasn’t affected how quickly they’re captured.
“We used to have open houses and try to do as many tours as possible, but obviously we can’t do that now, so the meeting windows are limited and fill up quickly,” he explains.
So, with the real estate market shaping up to be hot, which areas stand out from the crowd and where could be next to watch?
Where to buy the most expensive? Stockton Heath and Culcheth are the two main areas with the highest prices, Nick explains.
“Stockton Heath is like a mini South Cheshire, it’s a beautiful part of the world, so it’s probably the most expensive and the most sought after. This is due to a number of factors, but mostly a combination of the type of houses – you have a lot of period properties here and large individual properties as well – and there is also a very lively village center and lots to see. to do here in terms of restaurant.
“There aren’t many places you can go and still feel like you are in the village and so much on your doorstep, but if you turn the other way you are in the countryside. from Cheshire in under two minutes, so it’s a perfect storm.
“Stockton Heath has held onto its status for a long time and in fact it is improving now because the price effect in South Manchester and Wilmslow is being felt.
“The cheapest for an intermediate two-bed terrace facing the garden would be £ 250,000, or you could maybe buy a 1970s one for £ 225,000, but that would be the absolute bottom. Victorian terraces go up to around £ 450,000, some semi-detached up to £ 700,000 and large detached houses from £ 1 to £ 1.5million.
In which area is it the cheapest to buy? Nick says around downtown Latchford or Padgate. “They always seem to be very popular because the housing stock supports this market – there are a lot of two bedroom terraced properties and you have very easy access to the city center and the train station.
“You could get a property there for around £ 120,000 or a property in need of work for around £ 100,000.
“There are apartments all over Warrington too, I think we have one of the highest numbers of apartments under construction of any city in the UK, and a lot of them are built to be rented out. The rental construction industry appears to be very strong, so the rental market is very active as well as sales.
Where’s the next real estate hotspot? Nick’s best tip is the Great Sankey / Chapelford area.
“We have the Warrington West station that was built there which is the link for the Manchester / Liverpool line, so the prices are going up there because it’s incredibly easy to get around now.
“In Stockton Heath the prices are still so high because it’s just so incredibly sought after. And for more of an undiscovered gem, I would say Woolston because King’s Academy has really increased the demand there.