Properties in Plymouth
Properties in Plymouth

PLYMOUTH Blog

Plymouth mortgage-free capital of UK

 

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Plymouth is the mortgage-free capital of the UK, according to a new survey carried out by Which? Mortgage Advisers.

Nearly half of Plymouth residents own their homes without a mortgage, with 44 per cent owning their properties outright

Plymouth also has a higher proportion of over-60 residents, with 22 per cent being aged 60 plus, and this could explain why it has the most outright homeowners.

On the whole, 33 per cent of people living in the UK own their homes outright, compared to 35 per cent who are paying off a mortgage and 31 per cent who rent.

The survey also revealed that the average age of someone who had paid off their mortgage was 51, but that 16 per cent of owners had managed to pay off their loan before that.

Glasgow saw the lowest percentage of outright homeownership, with 24 per cent of residents being mortgage-free.

Winkleigh named best place for Families

Posted on 27th September 2011 in House Prices, UK Property

A historic farming village between Dartmoor and Exmoor has been named the best place in England and Wales to bring up children.

The research has been provided by Calnea Analytics and savings company Family Investments, they looking into 60 overriding factors including crime statistics, property prices and proximity to Green Flag parks in 2,400 postcodes.  These were then grouped into five seperate categories – education, safety, property, population and amenities and each was given a score up to a maximum of 25.

The results were published in the Family Freindly Hotspots 2011 report, top of the table was Winkleigh in Devon, postcode EX19 which scored highest with 19.76 thanks to the combination of low crime statistics, brilliant key stage 2 results at local primary school and great community facilities including a village hall, sports centre and local community centre.

House prices in Winkleigh helped push the village up the rankings, while the average price of a two-bed home in Winkleigh is not exactly cheap at £150, 837, the average salary of people that live there is £37,566, making property more affordable than in some areas of the UK.

Jane Rivans, headteacher at Winkleigh primary school, said: “It is very exciting to have Winkleigh highlighted in this way.

“It is a lovely village with friendly people and we are fortunate at school to have enthusiastic children, supportive parents and a dedicated staff.”

Second on the list was postcode TA13 – South Petherton in Somerset. Like Winkleigh, this did well because of good school results and low crime rates. But property there is less affordable, with the average two-bedroom property costing £158,823, and a lower average salary of £25,489.

The rest of the top 20 locations includes a mix of villages and towns with a good geographical spread. The list is published below…..

Top 20 family friendly postcodes

1. Winkleigh, Devon, EX19

2. South Petherton, Somerset, TA13

3. Galgate, Lancashire, LA2

4. Eaglescliffe, Stockton-on-Tees, TS16

5. Bromley Cross, Bolton, BL7

6. Shebbear, Devon, EX21

7. Great Ayton, North Yorkshire, TS9

8. Sutton Coldfield, West Midlands, B74

9. Moor Row, Cumbria, CA24

10. Bromyard, Herefordshire, HR7

11. Groby, Leicestershire, LE6

12. Ilkley, West Yorkshire, LS29

13. Chellaston, Derby, DE73

14. Dunnington, North Yorkshire, YO19

15. Horncastle, Lincolnshire, LN9

16. Ramsbottom, Manchester, BL0

17. Wirral, Merseyside, CH60

18. Borth, Dyfed, Wales, SY24

19. Longridge, Lancashire, PR3

20. Sutton, London, SM2