THE HORNCASTLE PROPERTY BLOG

BROUGHT TO YOU BY HORNCASTLE'S PROPERTY EXPERTS

51.9 miles – The average distance people move when leaving Horncastle

Article Simon Jory 2017-05-28
0
51.9 miles – The average distance people move when leaving Horncastle

'How far do Horncastle people go to move to a new house?' This was an intriguing question asked by one of my clients the other week. Readers of my property blog will know I love a challenge, especially when it comes to talking about the Horncastle Property Market!

For the majority, the response is not very far. It is much more common for homeowners and tenants in Great Britain to move across town than to the next town or county. Until now, it’s been hard to say how many homeowners and tenants moved from (and to) relatively far away to buy or rent their new home. However, I carried out some research and requested some statistics from the Royal Mail. What came back was fascinating!

Using statistics for the 12 months up to the middle of Autumn 2016, 106 households moved out of Horncastle (LN9), moving an average distance of 51.91 miles - the equivalent of moving from Horncastle to Chesterfield (as the crow flies). The greatest distance travelled was 316 miles – that’s more than 12 marathons (when someone moved to Penzance).

Considering there were 163 property sales in LN9 in the year and countless tenant moves, the numbers seems consistent – once you find a town you like, you tend to want to settle down and if you do move, you might only move to a different neighbour-hood, or for better transport links or, to be closer to the school you want to get your children into, but the likelihood is you won’t travel far.

I then turned my attention to people moving into Horncastle. Using the same statistics for the 12 months up to the middle of Autumn 2016, 149 households moved into Horncastle (LN9), moving an average distance of 52.09 miles - the equivalent of moving from Rotherham to Horncastle (again as the crow flies). The greatest distance travelled was 309 miles – that’s more than 11.5 marathons (when someone moved from Helston to Horncastle).

Original locations of people moving to Horncastle plotted on a map of the UK

I have looked at the data of every person moving into Horncastle and these have been plotted on a map of the UK. Looking at the map below, it shows exactly where most people come from, when moving into Horncastle. As you can see, there are a high proportion of people moving from London and the South.

So, what does all this mean for the landlords and homeowners of Horncastle?

When an agent markets a property for rent or let, it is vital to know the tenant or property buyer well, that the properties they are letting/selling fit those tenants/buyers, so they almost sell themselves. These days that means not only knowing how many bedrooms, reception rooms etc., a property offers but the budget buyers and tenants want to spend on a property in that area as well as where they come from.

The estate and lettings industry loves the mantra 'location, location, location'. I say it might be helpful to factor in where (and how) far people are moving from, so the property can be sold or let more easily. Many say knowledge is power and whilst I do enjoy writing my blog on the Horncastle property market, I also use the information to help my clients buy, let and sell well. So for example, the information gained for this article, will enable my team and I to be more efficient in where to direct our marketing resources to ensure we maximise our clients’ properties sale-ability or rent-ability.

For more information on the Horncastle property market, visit the Horncastle Property Market Blog

Sources:

  1. Stats from Royal Mail about people moving
  2. Stats on number of house sales from Land Registry

Leave a Reply

Your email address will not be published. Required fields are marked *

EMAIL NEWSLETTER

Fill in the form below to receive all the latest Horncastle property news by email.

MEET THE TEAM

Simon Jory

Simon Jory

Simon has been in Estate Agency for over 32 years and is a Fellow of the National Association of Estate Agents. Having working in all kinds of changing market conditions he is well placed to advise on how best to sell your home.

Anne Pearce

Anne Pearce

Anne prides herself on working to the highest standards and believes everyone should receive the best possible customer service. With over 20 years' experience she will not miss and opportunity.

Dawn Bannister-Law

Dawn Bannister-Law

Prior to moving to Lincolnshire, Dawn was a valuer for more than 19 years in Bakewell in the Peak District. Dawn strongly believes buyers, sellers, landlords or tenants are all as important as each other

RECENT POSTS

1 in 11 rental properties in the Horncastle area may be illegal in 2018Horncastle Homeowners Are Only Moving Every 16 Years (part 2)Horncastle Home Owners Are Only Moving Every 16 Years (Part 1)Horncastle Wages Outstrip House Price Growth by 10.04% since 2007The cost of moving up the property ladder in Horncastle

CONTENT BY MONTH

November 2017October 2017September 2017August 2017July 2017June 2017May 2017April 2017March 2017

LOVELLE ESTATE AGENCY

Lovelle Estate Agency provide first class estate agency services within Lincolnshire & East Yorkshire regions. Having seen a change in the company's structure at the beginning of 2006, we have grown to the region's leading agency. Marketing and customer service are the focus of our team of dedicated professional staff.

We are privately owned. We cherish our independence because it motivates us to care about every single thing that happens within our company. It inspires us to constantly improve our service and that keeps us where we want to be - out in front. You can get a flavour of what independent thinking creates when you visit our offices positioned at strategic locations within the area. What do people see when they visit us? A dynamic, result driven technologically advanced company that mixes professionalism with passion.

Lovelle Estate Agency
www.lovelleestateagency.co.uk
Return to the top of the page  |   Return to Home Page