Tue 19 Nov 2019
Why First Time Buyers Should Buy a Home in Bearwood
Bearwood is a suburb of Birmingham that neighbours the ever-popular locations of Harborne and Edgbaston. It was recently declared the second-best place for first-time buyers in the UK, and number one in Birmingham* and it’s easy to see why.
Why is Bearwood so Good for Getting on the Property Ladder?
The demography of first-time buyers is no longer one size fits all. People looking to purchase their first property are just as likely to be mid-30 professionals as they are new graduates or young couples. Therefore, we think Bearwood is proving so popular, due to the wide range of amenities and ongoing community activities that are thriving across the region.
Like its arguably more affluent neighbours, Bearwood has seen a distinct rise in independent eateries and shops which add to the sometimes hipster vibe of the suburb. From yoga classes at Lightwoods Park and House, a monthly vegan market and the annual street festival (which we are super proud to sponsor) there is something that should appeal to anyone wanting to put down roots.
What First Time Buyer Homes are Available in Bearwood?
One of the main reasons that Bearwood is such a brilliant place for first time buyers could be down to the types of property available to buy. The traditional Victorian semi-detached and terraced houses on offer are beautiful and can be transformed into the perfect modern family home.
Whilst you can purchase a house from £150k, Bearwood looks set to continue the trend of growing house prices in the West Midlands. Indeed, the area should benefit from above average capital growth in the next five years, which makes it an even more appealing location for first time buyers.
Check out our latest properties for first time buyers in Bearwood here.
*The Sunday Times