Bexhill Housing Crisis? Only 3.7% of Bexhill Homes Are For Sale

The Bexhill Property Market continues to disregard the end of the world prophecies of a post Brexit fallout with a return to business as usual after the summer break.

The challenge every Bexhill property buyer has faced over the last few years is a lack of choice – there simply hasn’t been much to choose from when buying a property (be it for investment or owner occupation). Levels are still well down on what would be considered healthy levels from earlier in this decade, as there is still a substantial demand/supply imbalance. Until we start to see consistent and steady increases in properties coming on to the market in Bexhill, the market is likely to see upward pressure on property values continue.

For example, in the last few months, TN39 has seen an average of 112 new properties coming on to the market, not bad when you consider for some months last year it was as low as the late 70’s. With the average Bexhill property value hitting a record high, reaching almost £273,600 according to my research, this shortage of properties on the market over the last two years has contributed to this ‘fuller’ average property figure, but there is a glimmer of hope that the Bexhill’s supply crisis may be starting to ease.

As I write this article, 3.79% of Bexhill properties are up for sale. In terms of actual chimney pots, that equates to 682 properties on the market in Bexhill (within 3 miles of the centre of Bexhill) – which, when compared to only a year ago when that figure stood at 585, is a serious increase in the number of properties available to buy. Split down into the type of property; it makes even more fascinating reading …

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4.9% of Bexhill People Live in Shared Households

I had an interesting chat the other day with a Bexhill landlord. He said he had been chatting with an architect friend of his who said back in the mid 2000’s, the developments he was asked to draw were a balance of one and two bedroom properties, compared to today where the majority of the buildings he is designing are more towards two and sometimes three bedrooms.

There is a really important point as I explained to this landlord, as knowing when and where the demand of tenants is going to come from in the coming decade is just as important as knowing the supply side of the buy to let equation, in relation to the number of properties built in Bexhill, Bexhill property prices, Bexhill yields and Bexhill rents.

In 2001, there were 38,100 households with a population of 85,400 in the Rother District Council area. By 2011, that had grown to 40,900 households and a population of 90,100.

This means, between 2001 and 2011, whilst the number of households in the Rother District Council area grew by 7.25%, the population grew by 6.04%

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9,100 People Live In Every Square Mile Of Bexhill – Is Bexhill Over Crowded?

Bexhill is already in the clutches of a population crisis that has now started to affect the quality of life of those living in Bexhill. There are simply not enough homes in Bexhill to house the greater number of people wanting to live in the town. The burden on public services is almost at breaking point with many parents unable to send their child to their first choice of primary or secondary school and the chances of getting a decent Dentist or GP Doctor Surgery next to nil.

To start with, the UK has roughly 1,065 people per square mile – the second highest in Europe. The total area of Bexhill itself is 4.645 square miles and there are 42,000 Bexhill residents, meaning …

9,100 people live in each square mile of Bexhill, it’s no wonder we appear to be bursting at the seams!

A square mile is enormous, so the numbers look correspondingly large (and headline grabbing). Most people reading this will know what an ‘acre’ is, but those younger readers who don’t, it is an imperial unit of measurement for land and it is approximately 63 metres square.

In Bexhill, only 12.99 people live in every acre of Bexhill. Not as headline grabbing, but a lot closer to home and relative to everyday life, and if I am being honest, a figure that doesn’t seem that bad.

128 Graph

Yet, the issue at hand is, we need more homes building. In 2007, Tony Blair set a target that 240,000 homes a year needed to be built to keep up with the population growth, whilst the Tory’s new target since 2010 was a more modest 200,000 a year. However, since 2010, as a country, we have only been building between 140,000 and 150,000 houses a year. So where are we going to build these homes because we have no space! Or do we?

Well, let me tell you this fascinating piece of information I found out recently in an official Government report. Looking specifically at England (as it is the most densely populated country of the Union), all the 20 million English homes cover only 1.1% of its land mass.

  • Residential Houses and Flats 1.1%
  • Gardens 4.3%
  • Shops and Offices 0.7%
  • Highways (Roads and Paths) 2.3%
  • Railways 0.1%
  • Water (Rivers /Reservoirs) 2.6%
  • Industry, Military and other uses 1.4%

.. leaving 88.5% as Open Countryside (and if you think about it, add to that the gardens, which are green spaces, and the country is 92.8% green space)

Graph 1- 128

As a country, we have plenty of space to build more homes for the younger generation and the five million more homes needed in the next 20 years would use only 0.25% of the country’s land. Now I am not advocating building massive housing estates and 20 storey concrete and glass behemoth apartment blocks next to local beauty spots such as Egerton Park, but with some clever planning and joined up thinking, we really do need to think outside the box when it comes to how we are going to build and house our children and our children’s children in the coming 50 years in Bexhill. If anyone has their own ideas, I would love to hear from you.

In the meantime, if you would like to read other articles about Bexhill Property Market, please visit the Bexhill Property Market Blog at www.bexhillpropertyblog.com

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