The housing market is not one but many

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A survey by Rightmove this week looked at the best performing locations for first time buyers in the South-East. Among the top ten were Dartford, Watford and Luton, where prices have risen by over 18% in the last year, presumably driven by continued price growth in the increasingly unaffordable central London boroughs.

Leading the way was Croydon, with an 18.6% price rise in the last year and an average first time buyer property price of £297,000. The surge in buy-to-let demand ahead of Stamp Duty Changes appears to have left the Spring market place a little short of stock, which will only make it harder for first-timers to make their first purchase.

So what does nearly £300,000 get you in Croydon? You could buy a 1 bed flat in Green Dragon House- at 440sq ft, this is a £per square foot rate of £681. The apartment is available off plan and has access to a roof garden but has no parking. Alternatively, you could buy a 2 bed end of terrace cottage with a yard and in need of full modernisation but ‘within easy reach of both East and West Croydon’. Not sure if that’s a good thing.

If you’re feeling really competitive, you could join the ‘Open house’ at a 2 bed apartment in Ashley Lane on the market at £300,000 where apparently ‘buyers fees apply’ and ‘you should see the bid pack’. Mmmmmm.

Then again, head to Leeds and, as at 20th May 2016, you could take your pick on Rightmove of 250 different 3 bed properties at £125,000 or less.

City Centre Penthouse Stands Out From The Crowd

Simpsons Fold penthouse May 2016

One of Leeds city centre’s largest penthouses is now for sale, which has just been refurbished to an exceptional standard and offers a stunning open plan living space in a highly sought after development.

The four bedroom, split level duplex apartment is located in Simpsons Fold on Dock Street and covers 2,200 square feet of living space, as well as benefitting from north and south facing terraces with superb views. It also has three bathrooms, utility room, feature staircase and two parking spaces.

The property, which is on the market for £699,000, is newly refurbished with a dark oak and quartz stone kitchen with hidden integrated appliances and marble flooring. The rest of the apartment offers a mix of dark hard wood and solid bamboo flooring throughout as well as floor to ceiling windows.

There are very few apartments in the North of England that are finished to this specification, with such a vast floor-space, and at this price, it offers great value for money. There is definitely nothing else available in the city at the moment of this size or standard.

The penthouse’s reconfiguration and refurbishment meets the highest specification, and boasts the latest fixtures, fittings and design features on the fifth and sixth floors of Simpsons Fold, which is an extremely popular development.

The scheme consists of 47 apartments in a Grade II listed warehouse conversion. It’s in a quiet part of Leeds, that’s largely residential and close to the River Aire, Brewery Wharf and The Tetley, but it’s still within a five minute walk of Briggate, which makes it a very popular place to live.