Popular Shops and Stores buyers look to live close to

June 27, 2022

Location, location, location is a relatively famous quote in that we not only seek the perfect property to suit our needs, we are also after the perfect, fine location in what we then call our local community.

Easy access to, close to station, sea views, quiet location and more are quotes which will appeal to buyers and get regularly used by vendors. Many would say that the location is just as, if not more, important than the property – How many times have we heard that you can modify / improve your property, but you can not modify / improve your location? Surely then the first measure that you have to do is to search for a good location, then you can start searching for homes for sale in that area.

What we look for in a location includes:

  • Crime rates
  • Travel / transport routes in / out
  • Proximity to work
  • Schooling
  • Shops
  • Leisure / lifestyle
  • Hospitals / healthcare

When it comes to shops there are many we can choose from which mostly, in the eye of the buyer, will be necessity of supermarkets being close as well as other super stores such as DIY, electrical, furniture (IKEA) and clothing.

Additionally, the following are also popular in the desirability to be local when purchasing property:

  • Coffee shops (Costa / StarBucks)
  • Fast food (McDonalds / KFC / Pizza Hut)
  • Bargain stores (Poundland)
  • Food stores (Waitrose / Tesco / Sainsburys)
  • Boutiques / designer stores (clothing / jewellery)
  • Antique stores

Compromising on location over property will mean usually accepting reduced floor space, vice versa will give you options to improve on the property as demand is likely to be less thus meaning lower value per m2. Are you prepared to drop a few m2 of floor space in order that you can grab your cappuccino conveniently each morning from Costa’s on your way to work?

If there is a Waitrose nearby, you can expect to sell your property for as much as £43,571 more than similar houses in the area, Marks and Spencer attract a premium of £40,135 and those close to a Sainsbury’s go for an average of £32,707 more. source express

 

 

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

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