Bromsgrove is an area ever increasing in popularity and demand. This is due to the ideal location to which Bromsgrove is situated. It is well placed for access to the majority of the UK due to great motorway links both North and South. The town is about 16 miles north east of Worcester and 13 miles south west of Birmingham City Centre. Bromsgrove has also benefitted from recent improvements to the train transport links with £24m being invested into the station and the additional car parking for 350 spaces, whilst still managing to maintain a traditional market town of character and being surrounded by beautiful rolling countryside first documented in the early 9th century.
Types of Properties
Bromsgrove offers a fantastic diversity for properties due to the unique platform and heritage it is based upon. Properties are ranging from Georgian, Edwardian, and Victorian period properties found centrally, whilst undergoing constant redevelopment/ new builds to be found across the town and surrounding areas. Head further out of town and into the countryside and Bromsgrove is surround by lovely villages such as Stoke Prior, Blackwell, Barnt Green, Dodford and Bournheath to name a few. These rural locations offer a further diversity to the property market as characterful Cottages, Barn Conversions, Converted Churches, Farm Houses, and Town Halls are readily found.
Most of the sales across Bromsgrove recently were detached properties which on average sold for around £300,000, with Semi Detached properties reaching an average of £200,000, and terraced houses achieving an average of roughly £170,000. The average property price for Bromsgrove overall is consistently guide at £220,000 – £230,000. The Town has seen a steady increase in property prices, and have managed to remain consistently up 10% or higher on the 2010 average.
About the Area
The area and surroundings offer great opportunities for investors, this is due the various schools achieving fantastic results and being dotted across the Town, coupled with the addition of the motorway and train transport links. Investors are able to choose from varying styles of properties and price ranges giving the great potential for rental yields as well as the opportunities to find properties in need of refurbishment. In recent years Bromsgrove has offered ideal opportunities for the investors in both sectors, this is reflected in the time on the market properties are available for. The demands for housing in Bromsgrove far out ways the supply, and is the main reason property prices have steady been increasing.