What are the top priorities for buyers?

Good schools, good commuter links and a good kitchen; traditionally, this is what has been considered to be the magic triad of priorities for buyers, however new research has suggested that this is no longer the case. Read on to see what buyers are prioritising whilst on the hunt for a new property.... A poll from a regulated property buyer has shown that a budget supermarket has ousted the school...

Good schools, good commuter links and a good kitchen; traditionally, this is what has been considered to be the magic triad of priorities for buyers, however new research has suggested that this is no longer the case. Read on to see what buyers are prioritising whilst on the hunt for a new property….

A poll from a regulated property buyer has shown that a budget supermarket has ousted the school catchment area for one of the top spots in buyers priorities, with almost 40% of those surveyed stating their desire to live within close proximity to an Aldi or Lidl. School catchment areas remain high on the wish list of buyers with 29% saying that they would move home in order to be in a specific catchment area.

There are 103 schools in Norwich and around 20% are rated outstanding.

Melanie Estates have compiled a list of some of them in our catchment area where we are seeing a surge in demand.

Below is the list:

• Cringleford Primary School – Rated Outstanding
• Colman Infant School – Rated Outstanding
• The Clare School – Rated Outstanding
• Eaton Hall Specialist Academy – Rated Outstanding
• St. Peters CofE (VC) Primary School
• Chapel Break Infant School – Rated Outstanding
• White Woman Lane Junior School – Rated Outstanding
• The Park School Norwich – Rated Outstanding
• Recreation Road Infant School – Rated Outstanding
• Trowse Primary School – Rated Outstanding

Alex Okolidoh, the Managing Director at Melanie Estates, advises that we are seeing a surge in demand from young families looking to buy in these areas as they are looking to give the children the best start in life by getting them into one of these outstanding schools. If you live in one of the catchment areas of these schools, it is worth requesting your free up to date valuation as your property will most definitely have appreciated in value.

The desire for good-value shopping could be linked to the need to economise after purchasing a new property, so it is no surprise that it is the younger generations who rate the budget supermarket highest; some 54% of 18 to 24-year olds want to live near to one. This figure gradually declines to 34% of over 45s sharing the same view.

The outright top spot on buyer priorities, however, is for a scenic view with 44% of people preferring a property with scenic surroundings. Budget supermarkets come in second, and local bars and restaurants come in third in the wish list of buyers.

“Everyone has their own priorities when moving to a new house, but it’s interesting to see how the overall patterns are changing. Budget supermarkets are definitely growing in popularity, especially among the younger generations, and their presence in a region is now making a place more desirable to live,” said Ross Counsell, director at Good Move.

Once a property move is completed, research also revealed what people first investigate once they have moved to a new area. Public transport links are the first item which people look into, with 21% of people researching this immediately, followed by local schools, crime rates and broadband speeds.