In recent weeks, Wales Online has discussed the growing demand and interest for property in Cardiff and Swansea. We like to think that Bridgend has a lot to offer as well, and if you are looking for value for money, this is a location that is worth considering.
Rightmove have this to say about the housing market in Bridgend; “Properties in Bridgend had an overall average price of £177,825 over the last year. The majority of sales in Bridgend during the last year were semi-detached properties, selling for an average price of £162,742. Detached properties sold for an average of £246,582, with terraced properties fetching £132,401.
Overall, sold prices in Bridgend over the last year were 4% up on the previous year and 8% up on the 2017 peak of £164,322.”
You can enjoy value for money in Bridgend
Rightmove say “properties in Swansea had an overall average price of £166,003 over the last year” and For Cardiff, the leading UK property portal says; “Properties in Cardiff had an overall average price of £240,745 over the last year.”
Therefore, Bridgend is not just geographically between Swansea and Cardiff, it represents middle ground when it comes to the property market.
Bridgend is a great location for remote working
Cardiff estate agent Tony Filice spoke to Wales Online, saying; “We've got record sales and viewings. The market is good, we don't need to recover from anything. The impact is that demand has exceeded supply, which is actually pushing prices up in good catchment areas, where there are not enough properties available. Coupled with that is the fact that a lot of people in lockdown have realised their properties are too small, or they'd like a bigger garden. At the moment properties when they come on the market they are being snapped up as there isn't enough to go around. We are also getting a lot more people coming from Bristol right across to Cardiff to buy, whereas before they would have been only going as far as Chepstow, Monmouth or Newport.”
While Bridgend is further west than Cardiff, and is a longer journey from Bristol, there isn’t much additional time in travelling from Bristol to Bristol than there is in the journey from Bristol to Cardiff.
When you consider the difference in average property prices between Bridgend and Cardiff, you can see why some buyers who are looking for a change of scenery will opt for Bridgend.
The emergence of remote working is not only going to transform how people work, it will significantly impact where people want to live. Knowing you can save money and enjoy more pleasant surroundings without placing your employment in jeopardy will see many people look to move home.
It has already been noted how people are looking to leave large cities and move somewhere smaller and more welcoming. The obvious place where people are looking to exit is London, but there are many cities which will experience an exodus if remote working becomes the new normal.
There is going to be increased demand for property in Bridgend, and if you are looking for assistance in the market, we can help.
At Hunters Bridgend, we are proud to play a part in supporting a thriving and friendly local community. If you would like information or guidance on how we can assist you, or you just want to stay in touch with the latest housing industry news, please contact us today.