- Buyers enjoy the highest level of spring-time choice of homes in five years
- South West sees bumper rise in supply with 2.5 times as many homes for sale
Homes in popular countryside and coastal locations have been in short supply in recent years but the tide is now turning, new data suggests.
Zoopla said the supply of homes for sale on its website has increased by 20 per cent in the past year, meaning buyers are enjoying the highest level of spring-time choice of homes in five years.
And specific areas are seeing a bumper rise in supply, with the South West leading the way, as agents report 2.5 times as many homes for sale compared to a year ago.
The property website identified other supply hotspots, including Cornwall, Devon, Wales, and the East Midlands.
We take a look at these five supply hotspots and identify a property for sale in each area with a price tag that is typical for the local area.
Sam Turner, of Cornwall estate agent Kivells, said: ‘The spring market has definitely sprung, as we are seeing increased levels of activity across the county.
‘There has been a large increase in new properties coming to the market which is giving buyers more choice.
‘This is also assisting the moving process for our vendors as they have more to choose from on their onward purchases.’
1. South West: Two-bed flat, £279k
This two-bedroom flat in Somerset’s Weston-Super-Mare is for sale for £279,000, which is just a few hundred pounds over the average £278,600 asking price for property in the area.
The flat has two bedrooms and is on Weston’s golden seafront, with views of the sea. The sale of the property is being handled by David Plaister estate agents.
2. Cornwall: Three-bed barn conversion, £300k
This three-bedroom barn conversion in the village of Grampound in Cornwall’s Truro is for sale for £300,000.
The average price of a home for sale in Cornwall is £306,600, according to Zoopla.
The barn conversion is 5.6 miles from St Austell train station and the sale of the property is being handled by Cornish Bricks estate agents.
3. Devon: Two-bed terrace, £290k
The average price of a property in Devon is £291,000 and this two-bedroom terrace for sale in Exeter is for sale with a price tag of just under that amount.
It is on the market for £290,000 and Fulfords estate agents is handling the sale.
The terrace is 0.7 miles from both Exeter Central and Exeter St Thomas train stations.
4. Wales: Semi-detached house, Cardiff
This semi-detached property in Cardiff’s Pentrbane is for sale for £250,000 via Hern & Crabtree estate agents.
The average price of a property in the area is £252,300, according to Zoopla.
The property is just under a mile from both Fairwater and Danescourt train stations.
5. East Midlands: Two-bed end of terrace, £200k
This two-bedroom end of terrace in Leicester is for sale for £200,000 via Abbey estate agents.
The average price of a property in the area is £204,700, according to Zoopla.
The terrace home has good access to local transport and is 1.6 miles from Leicester train station.
