Why are St Neots property values below the national average?
Why are St Neots property values below the national average and even the neighbouring Huntingdon region?
How much of it is due to excess supply from the new Loves Farm housing development?
Asked on Feb 23 2011,
House Prices in St. Neots |
St. Neots whilst the largest town in Cambridgeshire has an underdeveloped town centre surrounded by substantial housing areas, particularly the previous villages Eaton Socon, Eaton Ford, Eynesbury to name but 3. The new housing development at Love's Farm is located the east of the town and adjacent to both open countryside and the railway station and in the catchment of the better of the two local colleges. The new occupiers there are increasing the population of St Neots and the mix of private housing and social housing mirrors the housing areas to the west of St Neots. In short with quick commuter times into London from Love's Farm housing there will be popular with commuters and I believe will command a price premium over other houses further from the station when the estate is finished. Huntingdonshire is a predominantly rural county with larger and therefore more expensive houses in the rural districts. Huntingdon is a very similar town to St Neots while St Ives is more attractive but again the housing mix keeps house values below the national average. I am very happy living in St Neots, great river, neighbourliness and local shopping. With main shopping areas of Peterborough, Milton Keynes and Cambridge within easy distance.
Answered on Mar 31 2011,
Well I don't think it has anything to do with new housing. If there was an excess supply the new housing wouldn't sell. It seems to be selling quite strongly, despite the national market conditions.
My father grew up in St. Neots and back then it was considered to be a 'bit rough'. Not much has changed in 50 years. So, whatever the reason for the town's property values, it is longstanding.
Are they that much cheaper anyway? I don't see much difference between it and Huntingdon or St. Ives even. Particularly with the newer stuff.
Answered on Jul 18 2011,
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