Looking to retire? New data show these are the cities where to buy

Property News, Statistics and Reports

Property experts Fastsalehomes.co.uk investigated the top 10 biggest cities in the UK as well as the London boroughs that have the highest and lowest number of private retirement-only properties for sale. These age exclusive developments are built to accommodate people over aged 55 years old and their everyday needs.

The figures were extracted from property website Zoopla *. The cities were then ordered from highest to lowest.

In addition, Fastsalehomes.co.uk also calculated the average price for retirement homes for sale in the top 10 biggest cities in the UK.

The average price was taken by adding together all the available properties in that area and calculating what the average price is.

Furthermore, Fastsalehomes.co.uk asked 648 people over the age of 60 what they most desire when purchasing a retirement independent living home.

These are the 10 biggest cities with the highest and lowest number of retirement properties currently for sale:

City Number of retirement homes for sale Average property price
1.       Birmingham 159 £169,853
2.       Swansea 63 £146,529
3.       Leeds 59 £157,686
4.       Glasgow 43 £173,928
5.       Peterborough 37 £118,140
6.       Cardiff 34 £106,100
7.       Sheffield 21 £139,016
8.       Edinburgh 18 £235,638
9.       York 15 £188,525
10.   Newport 1 £69,950

Interestingly, the highest average price was found in the Scottish capital of Edinburgh with £235,638 per property – £165,688 less than the cheapest average price in the Welsh city of Newport. Prices in Newport for regular properties average at £281,192; a 17.6% difference in price.

When considering the London boroughs with the greatest number of independent living homes available for sale, they are as follows:

London borough Number of retirement homes for sale
1.       Croydon 131
2.       Barnet 122
3.       Sutton 116
4.       Redbridge 115
5.       Bromley 112
6.       Harrow 83
7.       Bexley 80
8.       Waltham Forest 67
9.       Havering 62
10.   Brent 54
11.   Hillingdon 52
12.   Enfield 49
13.   Lambeth 39
14.   Merton 36
15.   Hounslow 34
16.   Wandsworth 29
17.   Greenwich 28
18.   Ealing 27
19.   Lewisham 20
20.   Newham 19
21.   Barking and Dagenham 18
22.   Richmond Upon Thames 17
23.   Kingston Upon Thames 16
24.   Camden 16
25.   Hackney 15
26.   Westminster 11
27.   Kensington and Chelsea 10
28.   Southwark 9
29.   Hammersmith And Fulham 7
30.   Islington 4
31.   Tower Hamlets 3
32.   Haringey No data

Furthermore Fastsalehomes.co.uk was interested to identify and understand what benefits are most enticing when individuals are looking to purchase a retirement exclusive property – whether it be independent or assisted.

They asked 648 respondents over the age of 60 what they most desire when purchasing a retirement home.

The results show that these are the top 10 benefits respondents are most excited about:

1.       24/7 on-site doctor/nurses 62%
2.       Social activities (e.g. bingo, game nights, cinema clubs etc. 59%
3.       Disabled friendly facilities/equipment (e.g. accessibility lifts, wheelchair ramps) 54%
4.       24/7 on-site security 48%
5.       Modern and easy to use house appliances 45%
6.       Fitness activities (e.g. on-site gym, fitness classes etc.) 45%
7.       On-site shuttle service (e.g. takes residents to local shops) 44%
8.       Regular cleaning service 38%
9.       Communal library 21%
10.   Air conditioning 15%

*Figures were taken on the 12th of August from Zoopla and represent the number of properties available at that time to buy.

*Retirement living is defined by Zoopla as a development designed for people over 55, providing modern and smart housing to accommodate all stages of retirement. These properties are generally part of retirement villages, where the management takes care of the basic needs of those living there, such as general maintenance and security.

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