Grantham on right track for London commuters
Grantham has been named as one of the top London commuter towns in the country for best value property and easy access to the capital.
Savills estate agency Savills provided data for The Sunday Times to compile the top 20 places to live and commute to London and Grantham came 12th.
Travel time, the cost of a season ticket, the average price of a four bedroom home and the mortgage repayments, based on a 75 per cent loan-to-value deal at a 3.75 per cent interest rate were the factors taken into account. That made the annual cost of living in Grantham and working in the city £13,691 a year - nearly £7k cheaper than 20th place Farncombe in Surrey.
Linda Neal, leader of South Kesteven District Council, said the newspaper had picked up on two of Grantham’s strongest selling points - good schools and reasonably-priced property.
“We have known for some time that Grantham offers a good quality of life, but it is hugely encouraging to see this confirmed by one of the country’s top estate agents and promoted nationally. The Grantham area is an ideal location for people looking for an escape to the country, but yet within easy access to work in London and all the things that make a town a great place to live.”
Savills said they had seen an “upsurge” in the number of people enquiring and relocating to Grantham.
Rupert Fisher, a residential director of the company, said: “The secret is defintely out. We had a fantstic year in 2012 with an increase in buyers looking to move out of the city to the Grantham area, particularly along the A607 villages, but also lots of other locations in-between.”
Mr Fisher can vouch for that: “I moved from London seven years ago, where I lived in a two bedroom flat and was able to buy a five bedroom house here.”
Stephen Binder, manager of Fine and Country in Grantham, agreed the town was attracting more buyers from London, particularly families.
He said: “House prices in London have gone up, whereas in Grantham they have levelled out, which means the difference is even greater. Instead of a two bedroom flat with no garden in London, for about £365,000, families can buy a good four bedroom property with double garage here for £250,000.”
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