Destination Grantham: how people moving out of London are making the town a hotspot Destination Grantham: how people moving out of London are making the town a hotspot

Destination Grantham: how people moving out of London are making the town a hotspot

Lincolnshire Property Hotspot| Published in Market Insights on 12 November 2021 by our Marketing Team

Lincoln and other areas in the Midlands and North have been dubbed hotspots for buyers looking to move out of bigger cities such as London, due to the introduction of flexible working by many employers across the country.

Working from home has become the new normal for many people in the UK due to Coronavirus restrictions. According to research, 44% of those aged between 30 and 49 advised that they are working from home as of June 2021. (Source).

Jacqui Harley, head of conveyancing at JMP Solicitors, a Grantham based firm said: “Changes in employment contracts that allow more flexibility when it comes to working from home mean that it is becoming less important for people to live in close proximity to their office as they may only go in once or twice a week, or not at all. Due to this trend, there has been a sharp rise in people moving out of bigger cities such as London, Manchester and Birmingham – favouring areas where the average house price is lower and they can get more space for their money. By using a conveyancer local to the area could also results in lower fees than what you might expect to pay further south. Flexible working has many potential benefits as well as giving people more options when it comes to location – it can also be more sustainable and be better for employee wellbeing.”

Those moving are favouring more rural locations such as Lincolnshire – specifically Grantham, Bourne and its surrounding villages as well as areas in Nottinghamshire.

As well as having lower asking prices, these areas have natural beauty spots on their doorstep such as the Peak District, Lincolnshire Wolds AOBN, Rutland and the East Coast.

Our own director Tim Downing continues: “With many people now working from home full-time or working flexibly between their homes and office, it makes sense that the locations in which people are looking to buy are changing. In 2021, 42% of the enquiries that we’ve received have been from people who do not currently live in the area, looking to move somewhere where houses are cheaper and have good transport links to bigger cities such as London. We’re finding that people are requesting to see properties that boast more outside space and open-plan living – something that they wouldn’t necessarily get for their budget were they looking in London or another big city. The quality and quantity of grammar and private schools we have in the region, particularly across Grantham, Bourne and Sleaford, are also proving to be attractive to prospective homebuyers. Many of the schools in these areas offer scholarships and cheaper fees than their southern counterparts. People are realising that these affordable areas are closer and more accessible than they thought. It’s only an hour commute from Grantham to London, making it the perfect option for those who work in the capital a few days per week or per month.”

What has previously stopped people from looking at these areas as potential hotspots is the travel infrastructure; however, the recent budget announcement saw significant commitments in high-quality transport, called ‘levelling up’ funding that will better connect the more rural areas of the country – specifically in the Midlands and the North.

As a county, Lincolnshire will also benefit from a share of the Government’s Towns Fund – a £3.6 billion fund to help 45 towns across the country to recover from the pandemic and drive long-term economic growth and productivity. Areas that will benefit from the funding, include: Skegness, Mablethorpe, Boston, Lincoln, Scunthorpe and Grimsby.

Article courtesy Jennie Holland PR, originally published on propertyreporter.co.uk, granthammatters.co.uk, london-tv.co.uk and others.

For more company news and insights from Pygott & Crone, click here

Members of the Relocation Agent Network

Part of a network of agents

We work with other trusted estate agents across the nation

Latest news

Help us make a difference to those in need this Christmas
Campaigns | 21 November 2022

Help us make a difference to those in need this Christmas

Donations for our local food banks are being gratefully received at your local Pygott & Crone branch

Is home staging worth it?
Magazine | 1 November 2022

Is home staging worth it?

Home staging is a specialised skill which involves creating the perfect atmosphere in your home using furniture and accessories, plants and lighting, to garner buyer interest for your property and sell it faster, for the best price.

Winterproof your home with these tips
Magazine | 1 November 2022

Winterproof your home with these tips

As autumn leaves us and dark evenings approach, now is the best time to start preparing your home for the cold months ahead.

One in three properties receive an offer one hour after viewing
Magazine | 1 November 2022

One in three properties receive an offer one hour after viewing

The housing market once again exceeds expectations after a poor reception from the chancellor’s mini-budget and regular talk of a possible slowdown, as current research suggests that in 2022, almost a third (31%) of properties are now receiving offers within an hour, compared to a mere 7% in 2018.

Chat live

Chat live with a member of staff

Please provide your name and email address to continue.

Cookies

We use some essential cookies to make our website work; and we use some other cookies to help us improve our website without identifying you. You can accept all cookies or change your settings below.

For an explanation of cookies and how we use them, see our cookie policy here (opens in new tab). Below you can choose to enable non-essential cookies.

These are anonymous and help us understand how our website is used.