Following on from my last article, if you recall I said that Alcester Road had the most properties sold in the CV37 Stratford-upon-Avon postcode, yet I felt that this information wasn’t telling the whole story, as some roads in Stratford-upon-Avon have more properties on them than others. Therefore, I promised that I would compare the average number of properties sold by the actual number of properties on that street, to find out the streets whose owners proportionally moved (or sold) more often than the rest of the locality.
Looking at recent data produced by Land Registry, from years 2017 to 2018 there were a total of 995 properties that sold within Stratford-upon-Avon. Of these, 40.5% were detached, 14.5% were semi-detached, 18% were terraced properties and 17.5% were flats.
The CV37 street in the top 25 saleable streets with the highest number of households on it is Alcester Road, which has 175 residential addresses. Since 2009, 181 properties have changed hands on this street (some multiple times!). Looking at these figures, the street’s saleability or churn rate can be calculated to be 103.4%.
The street with highest number of houses on it is Hamlet Way, with a total of 226 households on it. Interestingly, since 2009 there have been a total of 66 house sales on this particular road, meaning it has the second lowest saleability rate, of 29.2%, out of the top 25 roads in the CV37 area.
The table below shows a full breakdown of the top 25 streets in the CV37 area.
So, as you can see, some interesting statistics and a lot more correlation between saleability rate and property values (unlike the article last time where we compared value to ‘out and out’ raw sales figures).
Therefore, what does this all mean to Stratford-upon-Avon homeowners and landlords? Well these 25 streets are the best performing streets out of the 364 streets in the Stratford-upon-Avon (CV37) area so if you live/own a property on those 25 streets you are sitting on a very saleable street. If you want to find out how saleable your street is, please drop me a line and we can discuss this further.