Despite housing market activity stalling somewhat at the end of 2022, January has seen demand for homes pick up significantly - albeit not necessaily in accordance with traditional trends.
Instead, searches for three-bedroom homes (once the most widely sought-after) are down by 5%, in what seems to be a clear shift emerging away from the 'race for space,' and towards the more minimalist, economical aesthetic that flats and apartments represent.
With 27% of those currently perusing the portals now seeking this kind of property (a figure that is up 4.6% since January 2022, according to Zoopla), it would seem that would-be-buyers are amending their home expectations in line with 'caution culture' - a product of the rising cost of living, upwardly mobile mortgage rates and changing lifestyle goals.
As such, flats such as this one (located in Maidenhead’s newly regenerated Waterside region) are officially becoming ‘hot property’ in today's surprisingly buoyant market. It's a market which has gained, by all accounts, a significant uplift from the more settled political landscape of late, and resultant increases in the average number of available residential mortgage deals (from 2560 last autumn to, to around the 4000 currently.)
According to Geoff Tomlinson, Managing Director at Braxton Estate Agents, 'the high level of interest being shown in this particular property, certainly reflects the trend being noticed en masse, towards flats and apartments in towns that are commuting distance to major cities.'
Built in 2019, the spacious, 802 sq ft, two bedroom apartment was part of a Landmark Development by Shanly Homes, and is situated in the heart of Maidenhead town centre, within approx. 0.3 miles of the mainline railway station (Paddington/Elizabeth Line.)
It overlooks the new beautiful waterside amphitheatre and waterway channel, and represents an ideal home for those looking to tap into the typically lower running costs of modern apartment spaces, and the significant lifestyle benefits of living in a London-outskirt town, which is currently undergoing significant regeneration and investment.
For more details on this property or similar listings, please contact Braxton on 01628 674234 or email property@braxtons.co.uk