Claygate & Hinchley Wood property market update

What always follows summer is a return to school, and educational choices are emerging as one of the prime driving factors in the Claygate and Hinchley Wood property market. This spike in activity is perfectly timed, following a subdued Summer and the prolonged soporific heatwave. Here’s a snapshot of the local market but if you’d like more in-depth insights, feel free to get in touch.

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Hinchley Wood and Claygate property sales

Nothing focuses the mind more than the children returning to school and our Hinchley Wood office is already seeing an influx of enquiries from families looking at homes in the most coveted catchments. “Hinchley Wood, Claygate and ‘The Dittons’ have sprung to life, with more stock and improved buyer registrations,” says Grosvenor Billinghurst’s Director, Roly Matthews. “Our local market is largely driven by schooling and long-term family homes, and buyers are being pressed into make decisions to get into good school catchments. The result is a very busy diary.”

Choice returns

Hinchley Wood and Claygate estate agents are finding prices in 2018 are probably the most stable they’ve been for a decade. High employment levels, low interest rates, a growing population and limited new home development locally are providing counterbalance to Brexit uncertainty and stamp duty changes. “The volume of properties coming to market has improved hugely and buyers are now presented with options in all price brackets. The wider choice of stock has meant accurate pricing has become critical in driving interest, supported by the evidence of recent sales,” adds Roly.

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Hinchley Wood & Claygate lettings

The sentiment in lettings at Grosvenor Billinghurst is ‘cautiously optimistic’, with the advice for both tenants and buyers erring on the side of common sense. Lettings Manager, Tom Ward, has observed that Brexit is having a small but noticeable effect: “Rents at the upper end of the market have dipped a little since the referendum result but demand is still there. The lower end is pretty buoyant for those that can’t afford to buy, although there is concern that a shortage of new buy-to-let properties coming to market might further inflate rentals in Hinchley Wood, Claygate and the surrounding Dittons.”

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