Local property market information for the serious investor

36.1 miles – The average distance people go to escape living in Cardiff Bay

Doom and Gloom for Cardiff Bay Property Market?

How far do Cardiff Bay people go to move to a new house?” This was an intriguing question asked by one of my clients the other week. Readers of my property blog will know I love a challenge, especially when it comes to talking about the Cardiff Bay Property Market!

For the majority, the response is not very far. It is much more common for homeowners and tenants in Great Britain to move across town than to the next town or county. Until now, it’s been hard to say how many homeowners and tenants moved from (and to) relatively far away to buy or rent their new home. However, I carried out some research and requested some statistics from the Royal Mail. What came back was fascinating!

Using statistics for the 12 months up to the middle of Autumn 2016, 335 households moved out of Cardiff Bay (CF10), moving an average distance of 36.06 miles – the equivalent of moving from Cardiff Bay to Swansea (as the crow flies).  The greatest distance travelled was 243 miles – that’s more than 9 marathons (when someone moved to Beamish).

Considering there were 236 property sales in CF10 in the year and countless tenant moves, the numbers seems consistent – once you find a city you like, you tend to want to settle down and if you do move, you might only move to a different neighbour-hood, or for better transport links or, to be closer to the school you want to get your children into, but the likelihood is you won’t travel far.

I then turned my attention to people moving into Cardiff Bay. Using the same statistics for the 12 months up to the middle of Autumn 2016, 339 households moved into Cardiff Bay (CF10), moving an average distance of 77.66 miles – the equivalent of moving from Aberystwyth to Cardiff Bay (again as the crow flies). The greatest distance travelled was 398 miles – that’s more than 15 marathons (when someone moved from Aberdeen to Cardiff Bay).

I have looked at the data of every person moving into Cardiff Bay and these have been plotted on a map of the UK. Looking at the map below, it shows exactly where most people come from, when moving into Cardiff Bay. As you can see, there are a high proportion of people moving from London and the East.

So, what does all this mean for the landlords and homeowners of Cardiff Bay?

When an agent markets a property for rent or let, it is vital to know the tenant or property buyer well, that the properties they are letting/selling fit those tenants/buyers, so they almost sell themselves. These days that means not only knowing how many bedrooms, reception rooms etc., a property offers but the budget buyers and tenants want to spend on a property in that area as well as where they come from.

The estate and lettings industry loves the mantra “location, location, location”. I say it might be helpful to factor in where (and how) far people are moving from, so the property can be sold or let more easily. Many say knowledge is power and whilst I do enjoy writing my blog on the Cardiff Bay property market, I also use the information to help my clients buy, let and sell well. So for example, the information gained for this article, will enable my team and I to be more efficient in where to direct our marketing resources to ensure we maximise our clients’ properties sale-ability or rent-ability.

 

Kate Gwinnutt

View more posts from this author
31 thoughts on “36.1 miles – The average distance people go to escape living in Cardiff Bay
  1. Pingback: canadian pharmacy for cialis

  2. Pingback: generic cialis at walmart

  3. Pingback: viagra online without prescription

  4. Pingback: viagra for sale over the counter

  5. payday loans online

    I am glad for writing to make you know what a notable encounter my wife’s girl had studying your web site. She mastered a good number of details, including how it is like to have a great coaching character to get a number of people clearly completely grasp a number of advanced issues. You actually did more than her desires. I appreciate you for churning out such beneficial, dependable, edifying and cool guidance on that topic to Emily.

     
    Reply
  6. sildenafil no rx

    I’m commenting to let you be aware of of the awesome discovery my child developed browsing the blog. She came to find a good number of details, including how it is like to have a great coaching character to get certain people clearly comprehend a number of advanced issues. You actually did more than her desires. I appreciate you for churning out such effective, dependable, edifying and cool guidance on that topic to Emily.

     
    Reply
  7. Pingback: buy cialis without prescription

  8. cheap viagra

    I wanted to put you the tiny remark to be able to thank you over again on your precious suggestions you have provided on this page. It was really strangely open-handed with you to make unhampered precisely what many people would’ve offered for sale for an e book to generate some dough for themselves, most notably given that you could possibly have done it if you ever decided. These principles as well served to be a fantastic way to fully grasp other people have similar fervor much like my own to know the truth many more pertaining to this issue. I am certain there are millions of more fun opportunities in the future for individuals who looked over your blog post.

     
    Reply
  9. cialis cheap

    I’m also commenting to let you be aware of of the excellent discovery my cousin’s child enjoyed checking your blog. She discovered a wide variety of details, most notably how it is like to have a marvelous coaching heart to get many more easily fully understand certain complicated matters. You actually did more than my desires. I appreciate you for delivering such great, healthy, educational and also cool guidance on that topic to Evelyn.

     
    Reply
  10. abilify no rx

    I precisely desired to say thanks again. I’m not certain the things I could possibly have achieved in the absence of the aspects contributed by you about my area. Completely was a challenging case for me, but being able to view a expert approach you dealt with it forced me to cry for contentment. Extremely grateful for the advice and believe you are aware of a powerful job that you’re accomplishing educating many others all through a blog. I’m certain you’ve never come across all of us.

     
    Reply
  11. lexapro escitalopram

    I am glad for writing to make you know what a incredible encounter my friend’s girl gained studying your web page. She learned plenty of pieces, which include what it’s like to possess an awesome helping mood to let other folks smoothly know just exactly several multifaceted subject matter. You truly exceeded our own expectations. Thank you for offering these necessary, safe, explanatory and even fun tips about this topic to Julie.

     
    Reply
  12. olanzapine

    Thanks for the suggestions about credit repair on this particular web-site. The things i would offer as advice to people is usually to give up this mentality that they buy at this point and fork out later. As being a society most of us tend to make this happen for many factors. This includes trips, furniture, in addition to items we’d like. However, it is advisable to separate one’s wants from the needs. As long as you’re working to raise your credit ranking score you really have to make some trade-offs. For example you may shop online to economize or you can check out second hand outlets instead of high priced department stores intended for clothing.

     
    Reply
  13. vreyro linomit

    What i do not understood is in truth how you are not really much more well-preferred than you may be right now. You are very intelligent. You realize therefore significantly on the subject of this subject, produced me individually believe it from numerous numerous angles. Its like women and men aren’t involved until it¦s something to accomplish with Woman gaga! Your individual stuffs outstanding. Always take care of it up!

     
    Reply
  14. purchase bupropion

    I am only writing to make you understand what a remarkable experience our princess undergone viewing your webblog. She picked up such a lot of things, with the inclusion of what it is like to possess an ideal teaching spirit to make the mediocre ones without difficulty master specified tortuous topics. You undoubtedly surpassed readers’ expected results. Thanks for rendering those useful, trustworthy, revealing as well as unique tips on your topic to Sandra.

     
    Reply
  15. Pingback: viagra without a doctors prescription

  16. Pingback: order generic cialis

  17. air jordan

    I wish to get across my gratitude for your generosity giving support to visitors who really want guidance on your matter. Your real commitment to getting the solution along had become astonishingly important and has all the time made guys and women like me to achieve their ambitions. Your own warm and friendly guidelines entails so much a person like me and substantially more to my colleagues. Best wishes; from all of us.

     
    Reply
  18. yeezy boost 350 v2

    I am writing to make you be aware of what a useful experience our child enjoyed reading your blog. She figured out so many pieces, which included what it is like to have a wonderful coaching mood to get other folks without hassle understand specific tricky subject matter. You really did more than my desires. Many thanks for providing these interesting, trusted, edifying and as well as unique thoughts on the topic to Gloria.

     
    Reply
  19. golden goose shoes

    Thank you a lot for giving everyone an extraordinarily special possiblity to read in detail from this blog. It’s always very awesome and jam-packed with a great time for me personally and my office colleagues to search the blog particularly 3 times in a week to read the fresh tips you have. Not to mention, I’m also actually fascinated with your mind-blowing secrets served by you. Some 1 facts in this post are rather the most beneficial I have had.

     
    Reply
  20. vreyro linomit

    Hey there I am so delighted I found your blog page, I really found you by error, while I was browsing on Askjeeve for something else, Regardless I am here now and would just like to say thanks for a incredible post and a all round thrilling blog (I also love the theme/design), I don’t have time to read through it all at the minute but I have bookmarked it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the fantastic job.

     
    Reply
  21. yeezy shoes

    Thanks for your entire hard work on this site. My daughter loves setting aside time for research and it is easy to understand why. We all know all of the compelling mode you give both useful and interesting guides through the blog and as well attract contribution from some other people on that idea and our favorite daughter is in fact understanding a whole lot. Have fun with the rest of the year. Your performing a tremendous job.

     
    Reply
  22. goyard

    My spouse and i felt more than happy that Louis could round up his studies with the precious recommendations he obtained from your own site. It’s not at all simplistic just to always be giving out things which often the others may have been making money from. We really already know we’ve got the blog owner to give thanks to for this. The main explanations you made, the simple website menu, the friendships you aid to foster – it’s most excellent, and it’s letting our son in addition to us reckon that the theme is interesting, which is very essential. Thanks for everything!

     
    Reply
  23. golden goose

    I have to express appreciation to the writer for rescuing me from this particular challenge. Right after looking through the world-wide-web and getting techniques which were not helpful, I believed my life was well over. Being alive without the presence of answers to the problems you have fixed as a result of your posting is a serious case, and the kind that would have badly affected my entire career if I hadn’t encountered the website. Your good skills and kindness in handling all the pieces was valuable. I’m not sure what I would have done if I had not encountered such a stuff like this. It’s possible to at this time relish my future. Thanks so much for the skilled and amazing guide. I won’t be reluctant to suggest your web site to anybody who would like support about this issue.

     
    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *