Why Invest in Swindon?

Malcolm & Adam Corcoran / January 20, 2019

Tags: BlogSwindon

House prices in Swindon increased between 2017 and 2018 by a reasonably healthy 2.9%. The statistics, revealed by the government’s Land Registry survey, showed the increase was higher than the national average of 2.4%.

The report, published in October last year, put the cost of the average house in the West Country city at £217,992. This was just below the average for England of £247,914 – a ‘plus’ for investors.

Swindon, in Wiltshire, was named as the location most people wanted to move to, according to online estate agent Emoov, following a survey they carried out in April 2018.

The town had a population of 182,441 during the last census, with an approximate 50/50 number of males and females. A total of 87,824 residents lived in a couple, while 57,210 residents were described as single.

General property market in Swindon

In January 2019, the website Home.co.uk listed 1190 properties for sale in Swindon. According to their statistics, the average property in the town takes 124 days before being sold.

Of the total number of properties to buy in Swindon, the majority were semi-detached homes (363) with only four less being detached (359). A total of 252 were terraced properties and 195 flats.

Unlike other large towns in England and Wales, where there are more two and one-bedroom properties for sale, in Swindon three-bedroom properties are the biggest category (451 homes advertised). There were 330 two-bedroom properties and 255 four-bedroom houses for sale. One-bedroom properties to buy numbered 81, while there were 51 houses with five-bedrooms or more.

Terraced and semi-detached homes sold quickest at 104 and 105 days respectively. Flats were the slowest to be sold with an average of 167 days on the market for this type of property.

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Tags: BlogSwindon

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