Postcodes and the effect on Burton property prices.

I was asked last week if postcodes make a difference to property values. Well, in swanky West London, the difference between SW3 and SW10 can make values drop or rise by hundreds of thousands of pounds. However, in our little town of Burton, we don’t have many Russian Oligarchs and Saudi Prince’s buying our property! However, after doing some detailed investigating, I did find out some interesting information.

I would like to start with the two main postcode areas that neighbour the town centre. I found an amazing trend that I think will interest the people of Burton. Over the last decade, property values have always risen in DE15 first (Stapenhill, either side of Ashby Road after the River Trent, Newton Solney and Bretby), then they plateau allowing DE13 (Horninglow, Stretton and the Western Burton villages) to catch up a 18 months later. Then DE15 has another spurt, again plateauing and now DE13 is catching up again. I have no idea why this happens, but I just know it does.

Let me explain. In 2008, property values in both areas were roughly 11.1% lower than they were today, therefore they had plateaued. By the time we had got to 2010;  DE15 had risen by 5.5%, compared to 1.5% in DE13 (doesn’t sound much but its over three times the growth of the other).
Get to 2012, and DE13 had caught up, increasing by 6.14% compared to DE15 growth of 1.95%. Since 2012; DE15 and DE13’s have levelled out at an equal growth of 3.5%. I believe over the coming few years, DE15 will have another spurt and DE13 will catch up around 18/24 months later. I could be wrong, but the figures going back suggest that this will happen.

Therefore, if you are considering buying a property for investment in the near future, I am always happy to give you my considered opinion on which property to buy (or not as the case may be) to give you what you want from your investment.

If you are a landlord, new or existing, feel free to pop through the door of our offices on the High Street, call me on 07973 666229 or send me an email to davidm@professionalproperties.co.uk.

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