As of mid-March 2021, Rightmove says the following about the Long Eaton property market;
“Properties in Long Eaton had an overall average price of £194,477 over the last year.
The majority of sales in Long Eaton during the last year were semi-detached properties, selling for an average price of £183,283. Detached properties sold for an average of £293,234, with terraced properties fetching £137,898.
Overall, sold prices in Long Eaton over the last year were 6% up on the previous year and 14% up on the 2018 peak of £171,160.”
As a comparison, the average price paid for property in Nottingham over the past year stands at £220,282. Therefore, Long Eaton offers affordable housing in the city, and there is a wide range of options for prospective buyers to consider.
What is happening in Long Eaton property market?
It can be helpful to look at a snapshot of the local housing market at this time. While the market is continually evolving, getting a feel for the properties offered in the market is beneficial.
As of Monday 15th March, Rightmove stated there were 182 properties listed for sale in Long Eaton.
This isn’t necessarily the full story of the Long Eaton property market; no property portal has every listing. However, as a quick way of evaluating what is available, this is a good starting point.
According to Rightmove, the breakdown of property listed for sale in Long Eaton is as follows:
45 detached properties listed for sale
78 semi-detached properties available in Long Eaton
17 terraced properties on the market
19 flats on offer in Long Eaton
21 bungalow properties listed for sale
2 plots of land on offer
If you prefer to consider property types as a percentage, the following list is worth considering:
Detached properties make up 24.73% of the listed property in Long Eaton
Semi-detached properties make up 42.86%
Terraced properties account for 9.34% of the local market
Flats account for 10.44% of the property listed in the local area
Bungalows represent 11.54% of the listed market
Land accounts for 1.10% of local listings
Long Eaton homes meet buyer demand
With two thirds of the local listed property made up of detached and semi-detached property, there are spacious homes on offer in Long Eaton.
When you consider current buyer demand focuses on larger homes which offer more space, it is easy to see why many people will look for homes in Long Eaton. There has been a shift away from flats, as buyers crave a garden, and more room to relax.
Also, with remote working likely to remain at the heart of everyday life, space will become ever more important. Long Eaton is well connected to the heart of Nottingham, but if many workers don’t need to commute on a daily basis, the importance of space becomes more pressing.
Therefore, we believe the property listed for sale in Long Eaton, allied to the affordability of these properties, will suit the needs of many prospective buyers.
If you would like to arrange an appointment to help you negotiate the local buy-to-let or housing market, please contact HoldenCopley today by calling us on 01158969800 or emailing firstname.lastname@example.org.