First Time Buyer Hotspots: Basingstoke

28/08/2012 12:56:41

First Time Buyer Hotspots BasingstokeProperties for sale in Basingstoke are proving to be popular with first time buyers. The northeast Hampshire town came sixth in Experian’s list of top 10 first time buyer hotspots, close behind Hempstead Valley in Gillingham, Kent. Over the coming weeks, we’ll be identifying all 10 of England’s first time buyer hotspots. Find out which towns and cities represent the best value for money for those looking to get on the first rung of the property ladder.

This time, it’s all about affordable properties for sale in Basingstoke. We’ll take a look at property types, prices, amenities and transport links.

Experian’s research showed that 8.1% of residential homes in Basingstoke are currently owned by first time buyers. 

Basingstoke – the Positive Stuff

So, why are properties for sale in Basingstoke and Basingstoke popular with first time buyers? Contrary to popular belief, it’s not a new town a la Stevenage or Milton Keynes. Part of Basingstoke’s appeal lies in its dual personality. It’s an old market town with all the amenities of a new town. On the one hand you’ve got headquarters of companies such as Sun Life, the AA, Ericson and Motorola along with the modern Festival Place shopping centre and The Malls. On the other, there’s the remains of a 16th century chapel and places such as London Street, which has buildings from the 17th, 18th and 19th centuries.

If you want good transport connections, plenty of amenities, good shopping and reasonable house prices, properties for sale in Basingstoke are well worth a look. 

Properties for sale in Basingstoke are good for those in search of sports and leisure facilities. Head to Porchester Square and you’ll find the Basingstoke Sports Centre, complete with subterranean swimming pool. Just outside the town centre, there’s a leisure centre with park and ice rink. The town has its own football and rugby clubs, along with an athletics track and hockey pitch.

There are four nightclubs, numerous pubs, two theatres, a cinema and a concert hall.

Property Types

You’ll find a mix of period, post-war and modern housing here. There are a few high rise blocks of flats left but these have mostly been replaced by low-rise blocks and far more desirable developments. You’ll also find listed buildings, post-war semi-detached, terraced and new build properties. Take your pick.

Property Prices

Take a look at house prices and it soon becomes clear why properties for sale in Basingstoke and Basingstoke appeal to first time buyers. Although the average house price currently stands at £251,870, you’ll find a good number of flats and houses for sale in Basingstoke for far less.

Looking for a one bedroom flat? You’ll pay around £110,000 for one with a driveway and back garden.

Two bedroom terraced houses in Brookvale cost around £170,000. Two bedroom flats close to the town centre cost around £140,000.

You can get alot for your money in Basingstoke. Go over to Eastrop and it’s possible to pick up a four bedroom semi-detached house for around £300,000. You’ll be close to Eastrop Park and under one mile from the main railway station.

Three bedroom semi-detached houses in Basingstoke cost around £230,000. Black Dam is another good place to look. Try Grove Road, where you can get a spacious, modernised three bed for around £215,000.

Transport Links

Drivers can connect to the M3 easily and enjoy relatively easy access to London, Southampton and the south west. The town has its own railway station on the South Western Main Line. Fast trains to London Waterloo take approximately 45 minutes, making properties in Basingstoke good for commuters.

Check the My Homes Unlimited listings for properties for sale in Basingstoke.

Sources: This is Money, Experian.

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1 Bedroom Houses for Sale in Basingstoke 2 Bedroom Houses to Rent
Basingstoke Bungalows for Sale New Homes in Basingstoke
3 Bedroom Houses for Sale in Basingstoke Basingstoke Terraced Houses to Rent

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