Sutton Coldfield property news
October 2009
The area in and around Knight Frank's Sutton Coldfield estate agents is still proving extremely popular with wealthy local residents who consider it one of the most desirable places to live in the region.
A number of “trophy” properties for sale in Sutton Coldfield can still name their own price, despite the economic downturn. Priced correctly, property will attract strong interest and, with markets set for a period of stability, there is little reason for potential vendors to delay their sales.About 60% of property buyers in the Sutton Coldfield area are local and Knight Frank’s decision to open an office in the town in November 2007 has proved to be extremely popular. Many clients are successful business people who follow the property market extremely closely and appreciate dealing with an agent 'on the ground'.
Although buyers tend to be very aspirational and enjoy the lifestyle that Sutton Coldfield – which could be viewed as the “Wentworth” of the West Midlands – has to offer, they also work hard and appreciate the value of money. This means pricing is vital, which is why Knight Frank’s intimate knowledge of the marketplace is so important in ensuring a successful sale.
Houses for sale
Demand for properties on the town’s most desirable private estates like Little Aston, Four Oaks, Moor Hall Drive and Streetly Wood, continues to outstrip supply and any Sutton Coldfield property that is correctly priced will attract immediate interest.
Knight Frank's Sutton Coldfield estate agents also deals
with houses for sale in the surrounding towns and Staffordshire and north Warwickshire countryside. Staffordshire's hot spots include the villages of Chorley, Shenstone and the centre of Lichfield. The north Warwickshire villages of Middleton and Wishaw are still proving to be most desirable too. The country market tends to follow Sutton Coldfield's lead and sensible pricing remains key.
It now appears that house prices have started to stabilise, but with some doubts remaining about the economy we expect little growth in the next few years, meaning now is a good time to buy and sell.