Downsizing opens a new lease of life for Bath home buyers: Francine Watson @knightfrank
As I reflect on the housing market in Bath during 2018 and the types of buyer that have graced our doorstep, one common theme is ‘downsizing’. With my focus on the new homes market, many of our buyers have been driven by lifestyle changes, often looking for a home that offers them some freedom from endless property management, high fuel costs and rooms that are surplus to requirements.
For many this liberating move not only releases money to spend on the nicer things in life, but gives back the time to do them. And what better place than Bath to spend some quality time? Imagine living centrally in Bath, and not needing to use the car every day; or is that just my dream?
As an example, one of our ‘must-have’ new homes for downsizers has been the release of One Tram Yard on Walcot Street; lovingly converted apartments by Neptune which has the stylish kitchen and furniture emporium below. Following high demand, and with only three left in Phase 1, prices start from £950,000 for a luxurious three bedroom apartment with allocated parking.
If a house is more to your taste, a little further along Walcot Street is Upper Yard by the prestigious developer Kersfield. Here we have an impressive collection of 8, three bedroom homes, many with various combinations of outside space in the form of gardens, terraces and balconies, centred around a communal courtyard with allocated parking below. The traditional look of these houses is complemented by the modern & flexible accommodation, with underfloor heating and wood burning stoves. Prices here start from just £715,000.
And so the outlook for 2019? We can all speculate on Brexit and what that really means for our economy; but should the question be, are you ready for a lifestyle change?