When it comes to “dream homes”, it is fair to say Belsize Park has a lot to offer. If you already live here, you know this, and you don’t need Stones Residential to tell you how fantastic the area is.
However, if you are looking to sell your Belsize Park home, you will be glad to know that many buyers are looking for what this area has to offer.
Space is vital for property buyers
As we have found in many studies in the past 18 months, people are looking for detached homes. Buyers want space, and this means this style of house is a priority for many. Some of the key requests made by buyers looking for a new home include:
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Two living rooms
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A garage
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A garden
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A utility room
For buyers aged between 18 and 34, a home office is the top priority when it comes to an additional room. It is only when you consider the needs of buyers aged 65 or older that conservatories feature. This age group is also looking for a bungalow more than a larger home.
For buyers aged between 18 and 24, a dining room is important, while for buyers aged between 25 and 44, a third bathroom is a top priority.
What supermarket comes out on top?
When asked what supermarket people want close to their home, Tesco nudged past Waitrose by a mere 1%. There might not be a Waitrose in Belsize Park, but you don’t need to travel far to find one. The shop at 199 Finchley Rd, London, NW3 6NN is within walking distance for many Belsize Park residents.
Looking at all property listings on Rightmove, Tesco is the supermarket that is mentioned most by estate agents in listings, followed by Waitrose.
People love a pint
The most important establishment property buyers want close to their home is a pub! The order of vital establishments were as follows:
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Pub
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Local corner shop
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Coffee shop
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Local market
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Bakeries
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Restaurants
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Local greengrocers
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Local butchers
There is no shortage of fantastic pubs in Belsize Park if you are looking for a social time. The Washington, The George, The Stag and The Roebuck are great examples of local pubs people love.
Tim Bannister, Rightmove’s property expert comments: “The study paints a fascinating picture of what a ‘dream home’ really means to people. Usually, you might think a dream home is a mansion with swimming pools and other luxuries, but the British sense of thinking practically comes through very clearly with garages, utility rooms and home offices the order of the day. Perhaps it’s the thought that if you have a dream home you want to make sure you’re going to make use of everything. Rather than choosing an outdoor swimming pool only to realise you can only use it a few weeks of the year, you think of a utility room that you know you’ll be using every day.”
Tim Bannister continued by saying; “Earlier this year detached homes hit over half a million pounds nationally for the first time, aided by increased demand for more space. This means that many people looking to move right now are likely to be looking for a smaller home, but some will have their mindset on how they could eventually achieve the four-bed detached home with a garden. Others will be thinking about what living the coastal life in a cottage could be like, and for some that will mean their daily search on Rightmove turns into picking up the keys to their new life a few months down the line.”
If you would like to arrange an appointment to help you negotiate the local housing market, please contact Stones Residential today by calling us on 020 7483 0685 or emailing belsizepark@stonesresidential.co.uk.
