Why house hunters are heading for Hucknall
THE first signs of recovery in the housing market have been seen in a Notts town.
In the run up to Christmas, estate agents usually expect a decline in sales, but in Hucknall they are seeing the opposite.
Matt Copley, manager of Haart in Arnold, said there is no reason why the buoyant market will not continue into the new year.
"We have sold more than 25 houses already in November with lots more sales to come before Christmas," he said.
"There are a lot of first-time buyers entering the market and, in turn, this is helping second and third buyers. There are also a lot of cash buyers and first-time buy-to-let investors, all taking advantage of houses being at their lowest prices for many years and rentable prices being at their highest."
Mr Copley added: "People are being more realistic when it comes to pricing properties and I think that's why they are selling."
According to the latest figures available from the Land Registry, the average house price in Notts was £120,237 in September.
With average prices in Hucknall slightly lower, at around £110,000, the town is becoming a popular choice.
Tony Gibney, manager at The Nottingham's Hucknall branch, said: "The most popular style of house in Hucknall is the traditional three-bedroom semi, valued in the region of £110,000.
"While these may be the best sellers, Hucknall offers homeowners a wide range of properties, including one-bedroom flats, town houses, traditional terraced properties, larger five-bedroom detached homes, bungalows and even barn conversions."
Hannah Rutter, manager at Bairstow Eves in Hucknall, said the growing popularity of the town is down to competitive prices.
And with Rolls Royce planning to build 900 homes as part of a major development on their Hucknall site, Miss Rutter is hopeful the flurry of activity will continue.
"People are tempted to buy because they can get quite a lot for their money," she said.
House buyer Kim Johnson, 35, and her husband Andrew Johnson, 47, have lived in the town all their lives and sold their house in Plumb Road a week ago.
They will be moving to a Victorian terrace in the town in the new year.
Mother-of-two Mrs Johnson said: "There's everything you need here – good shopping and facilities and a good community."
Councillor Trevor Locke, whose ward covers Hucknall Central has lived in the town for more than 20 years.
He said: "I've always found it a very friendly town. The house prices are reasonable and we've got the tram now as well. We've also got nice parks and the town is well kept and looked after."
Don't miss our new-look Property Post on Thursday.