Showing posts with label PrimeLocation. Show all posts
Showing posts with label PrimeLocation. Show all posts

Wednesday, 26 June 2013

Homebuyers in UK require three bathrooms?

According to a survey of over 4,000 home buyers by PrimeLocation.com, the number of bathrooms in a prospective property is a significant factor in the decision making process for four out of five home buyers in the UK.

Home buyers want an average ratio of at least two bathrooms for every three bedrooms. And almost one third of those surveyed would rule out a home entirely from their search if it had too few bathrooms.

Amongst those surveyed the average number of bedrooms and bathrooms respectively needed for a property to be considered ‘prime’ was 4.5 bedrooms and 3 bathrooms.

Over 90 per cent of respondents believed that the ratio of bedrooms to bathrooms could not be greater than 2:1 for a property to be considered as ‘prime’ while 37 per cent of prime buyers felt that an en-suite in each bedroom is vital. En-suites ranked higher than almost any other ‘prime’ features including swimming pools, tennis courts and gyms.

Lawrence Hall of Primelocation.com comments: “There is a qualitative difference in the basic features that prime buyers require. The results of our survey show that dozens of bedrooms are not what makes a property prime for most people but instead quality comforts are extremely important for a home to be considered a ‘prime’ property. Extra bathrooms would seem to be one of the most effective investments at the prime end of the market”. Prime buyers are split when it comes to property style with 33 per cent favouring a modern style whilst 43 per cent would prefer a Victorian or Edwardian home. However, prime buyers are united in terms of outdoor space with 66 per cent regarding a large garden as essential for a prime property.

Wednesday, 8 May 2013

Good neighbours are a highly valued commodity


Anti-social neighbours are the biggest turn-off to prospective home buyers according to a recent survey of over 4,000 home buyers by PrimeLocation.com.

Almost 3 in 5 (57 per cent) of those surveyed listed loud or anti-social neighbours as the most likely reason for being put off a home purchase. Homebuyers in the East and North East of England are most put off by the thought of bad neighbours with 61 per cent of respondents claiming this as the leading detractor from a purchase. Londoner’s seem less fussed with just 52 per cent of potential buyers in the capital stating that noisy neighbours would be a key off-putting factor.

Security ranked very highly as an important factor in a property being considered as ‘prime’ with private gates and security cameras coming in above swimming pools, tennis courts and walk-in wardrobes as must-haves amongst potential buyers of ‘prime’ property.


Lawrence Hall of Primelocation.com, said: “Discerning buyers don’t simply look for a good location but want to live in a good neighbourhood too. The quality of the neighbours and the security of the property are both clearly important factors for ‘prime’ buyers.”

Information source – whatmortgage.co.uk