Nearly 80% of Staines Properties have 3 or more Bedrooms

The orthodox way of classifying property in the UK is to look at the number of bedrooms rather than its size in square metres. Both homeowners and tenants are happy to pay for more space. It’s obvious, the more bedrooms a house or apartment has, the bigger it is likely to be. The reason being not only the actual additional bedroom space, but the properties with more bedrooms tend to have larger / more reception (living) rooms. However, if you think about it, this isn’t so astonishing given that properties with more bedrooms would typically accommodate more people and therefore require larger reception rooms.

In today’s Staines property market, the Staines homeowners and Staines landlords I talk to are always asking me which attributes and features are likely to make their property comparatively more attractive and which ones may detract. Over time, buyers’ and tenants’ needs and desires have changed. In Staines, location is still the No. 1 factor affecting the value of property, and a property in the best neighbourhoods, say Laleham Village can command a price up to 50% higher than a similar house in an ‘average’ area. However, after location, the next characteristic that has a significant influence on the desirability, and thus price, of property is the number of bedrooms and the type (i.e. Detached/ Semi/Terraced/Flat).

In previous articles, I have analysed the Staines housing stock into bedrooms and type of property, but I have never cross-referenced type against bedrooms. These figures for the Spelthorne Borough Council area make fascinating reading. It shows that nearly 80% ,  78.9% to be precise,  of all properties in the area have 3 or more bedrooms: 

I was genuinely surprised at the low numbers of one and two bed properties, especially 2 bed semi- detached houses. The change in the numbers of properties on the market and the split in bedrooms on the market over the last 12 months also makes interesting reading:

·       12 months ago, 8 one bed properties were for sale in Staines, today 9, a rise of 13%

·       12 months ago, 27 two bed properties were for sale in Staines, today 32, a rise of 19%

·       12 months ago, 34 three bed properties were for sale in Staines, today 41, a rise of 21%

·       12 months ago, 18 four bed properties were for sale in Staines, today 24, a rise of 33%

·       12 months ago, 5 five + bed properties were for sale in Staines, today 11, a rise of 120%

Overall an increase of 28.5% in the numbers of properties on the market in Staines, which can only be good news for Staines first time buyers and Staines buy to let landlords looking for a bargain,  particularly as post Brexit  property prices have stopped rising at the silly rates they were 12 to 18 months ago.

 Written 27/10/16