Well my recent articles about Newbury’s most moved street in the last 3 years and the Monopoly board article (the one where I listed the most valuable streets) caused quite a lot of interest locally, so I decided to see what else I could find out about the RG14 postcode area, and I have been able find out the biggest streets in the Newbury (RG14) postcode area.
Don’t worry, I will get back to some hard-hitting articles about the lack of new homes being built in Newbury, the trials and tribulations of being a Newbury buy-to-let landlord and the future of the Newbury property market .. yet in this article because of the previous positive comments, I wanted to give you what you, the Newbury homeowners and Newbury landlords asked about!
The biggest street in RG14, when it comes to the number of houses on it is Kingman Way, with 393 homes. In second place is Racecourse Road with 285 homes and in third is Craven Road with 281 homes.
Yet, size isn’t everything and the most valuable street of the top 20 biggest streets is Andover Road at £124.4m with an average value of £512,000 per property.
The street with the greatest number of movers in the last 3 years is Kingman Way, with the highest saleability rate of 65.4%.
The full breakdown can be found in this chart below.
Yet, did you really think I wouldn’t get at all serious ..
The basic rudiments of the Newbury property market remain principally healthy in many parts of Newbury, yet the existing political environment means that the vital element of confidence has been diminished slightly in certain parts, and that is triggering a minority of potential property purchasers and house-sellers to vacillate, yet with unemployment at an all-time low, a record number of people with a job, ultra-low interest rates and decent mortgage availability (with the Banks and Building Societies tending to drop mortgage rates instead of increasing them), those Newbury first time buyers (and especially Newbury buy-to-let landlords) who have adjourned their next house purchase because of perceived political uncertainty should be reminded that talking to many of my fellow Newbury agents they have more homes on their books than at any time for the last three or four years, so there is a greater choice of Newbury properties to call your next home/BTL investment with a potential of securing a great property deal in the next month or so.
Irrespective of what happens with Brexit, Newbury people will still need a roof over their heads and as I have mentioned on a number of occasions, I have proved beyond doubt we aren’t building enough homes both locally in Newbury and nationally. If supply is limited and demand increases (as the population grows and we get older), prices in the medium to long term can only go in one direction. Upwards!
So, whatever happens with BoJo and Brexit – why wait, because once we get over that hurdle, there will just be another hurdle and another hurdle and by which time – we will be in 2029 and you would have missed the boat. We survived the Global Financial Crash, 3-day week in 1970s’, hyperinflation etc etc … yet the choice is yours.
