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Real estate insights for Sturry

AspectSummary
PopulationApprox. 3,500 residents
Average Property PriceAround £300,000
Rental Yield4.5% - 5.5%
Average Rent£1,200 per month
Occupancy Rate95% average
Capital Growth Rate3% - 4% annually
Property TaxVaries by property value; Avg. £1,500/year
Transaction CostsApproximately 4% - 6% of property value
Expected ROI6% - 8% per year
Economic Growth ImpactModerate, influenced by regional developments

Sturry FAQ

  • What factors influence real estate prices in Sturry?

    Several factors influence real estate prices in Sturry, primarily its location and amenities. Sturry benefits from its proximity to Canterbury, with property prices often reflecting this relationship; as of 2023, the average price for a three-bedroom home in Sturry hovers around £350,000, while similar homes in Canterbury can exceed £450,000. Public transport accessibility plays a crucial role, with Sturry railway station offering services to London and the local area, impacting desirability. Infrastructure developments, such as the nearby A28 improvements, also elevate property values; homes close to major roads generally see price premiums. Additionally, local schools, like Sturry Primary School, significantly affect family-oriented buyers, resulting in increased demand in certain neighbourhoods. Lastly, market trends, such as the ongoing shift towards remote working, influence buyer preferences, with many seeking larger homes with gardens, often pushing up prices for semi-detached and detached properties.

  • How have property prices in Sturry changed over the last few years?

    Over the past few years, property prices in Sturry have seen a significant upward trend. In 2020, the average property price in Sturry was approximately £270,000, but by 2023, this figure rose to around £320,000, reflecting a 18.5% increase. Detached homes have experienced particularly strong demand, with prices climbing from an average of £440,000 in 2020 to about £525,000 in 2023. Conversely, the market for terraced houses has also strengthened, with prices moving from £220,000 to £270,000 in the same period. This increase in property prices has been attributed to factors such as improved transport links and increased interest in areas outside of major urban centers, as homebuyers seek more space and affordability in suburban locations. Additionally, the recent developments in local infrastructure, including schools and amenities, have further influenced property values.

  • What is the average price of a home in Sturry?

    The average price of a home in Sturry, a village in Kent, is approximately £350,000, according to recent market data. Prices can vary significantly based on the type of property; for example, a three-bedroom semi-detached house typically ranges between £325,000 and £375,000, while a two-bedroom terraced house might be listed around £250,000 to £300,000. Larger homes, such as five-bedroom detached properties, can command prices upwards of £600,000, especially if they are situated in desirable locations or have recent renovations. The local real estate market has shown some fluctuations, but generally, the area is appealing due to its proximity to Canterbury, where prices are notably higher, further influencing demand and pricing in Sturry.

  • Are property prices in Sturry higher than in nearby areas?

    Property prices in Sturry, located just outside Canterbury in Kent, show some interesting trends compared to nearby areas. As of late 2023, the average property price in Sturry is approximately £350,000, which is notably lower than Canterbury’s average of £420,000. This gap illustrates Sturry's more affordable market, attracting buyers looking for a suburban lifestyle without the hefty price tag of the city. In contrast, areas like Whitstable, known for its beaches, have higher averages around £450,000, making Sturry an appealing option for those seeking proximity to coastal attractions without the inflated costs. Additionally, properties in Herne Bay stand at about £320,000, which is slightly lower than Sturry, yet the difference in amenities and lifestyle may influence buyer preferences. These figures highlight the nuanced landscape of property prices in this part of Kent.

  • What types of properties are most commonly sold in Sturry?

    In Sturry, the real estate market predominantly features three types of properties: traditional terraced houses, semi-detached homes, and bungalows. Terraced houses typically range from two to four bedrooms, with prices averaging around £250,000, making them popular among young families and first-time buyers. Semi-detached homes, often boasting three to four bedrooms, are commonly listed between £300,000 and £400,000, appealing to those looking for more space. Bungalows are also a significant portion of the market, especially for retirees, with prices averaging around £350,000. The area also includes a number of larger detached homes, which can exceed £500,000, but these make up a smaller percentage of available properties. Overall, the balance between affordable family homes and larger properties creates a diverse market catering to various demographics.

  • What amenities in Sturry can affect property prices?

    Amenities in Sturry that can significantly impact property prices include access to transport links, educational facilities, and local services. For instance, properties located within a mile of Sturry train station, which offers direct services to London in under two hours, typically command higher prices, often exceeding the average market rate by as much as 10-15%. The presence of highly rated primary schools, such as Sturry Church of England Primary School, which boasts a Good rating from Ofsted, can elevate property values in the vicinity by around 5% to 8%, appealing to families seeking quality education. Additionally, proximity to local shops, parks, and healthcare services can influence demand; houses near the convenience of local amenities like the Sturry Co-op or recreational spaces may see an increase of roughly 3% to 7% in their market value, particularly in sought-after neighborhoods.

  • Is Sturry considered a good investment for real estate?

    Sturry, located near Canterbury in Kent, has shown a steady increase in property values, making it an interesting consideration for real estate investment. House prices in Sturry have risen by approximately 8.2% over the past five years, with the average property price standing at around £350,000 as of late 2023. The rental market also offers potential, with average rental yields hovering around 4.5% to 5.5%, appealing for buy-to-let investors. The area benefits from excellent transport links, including a local train station providing quick access to Canterbury and London—the average commute to London is around 1 hour and 30 minutes—which may enhance its appeal for renters seeking affordable housing near larger cities. Furthermore, the proximity to local amenities, schools, and green spaces may attract families, adding to the housing demand. For instance, recent developments in nearby areas have seen properties selling quickly, indicating a competitive market.

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