SETTLE IN SOLIHULL: Analysis shows Solihull is the most lucrative location in the West Midlands when it comes to downsizing your home
Analysis shows Solihull is the most lucrative location in the West Midlands when it comes to downsizing your home.
It was found that the historic market town is the place to downsize, where buyers can save a staggering £211,806 by dropping just one bedroom in a study by Space Station.
In their analysis, they looked at 100 different towns and cities and it was found that buyers can save a huge £88,753 more than the UK average saving for downsizing your home. Second on the list for the biggest savings in West Midlands is Worcester. The cathedral city situated in the centre of the region is where you could save an average of £105,031 by dropping one bedroom with Nuneaton coming in third. The smallest saving in the West Midlands was found to be in Stoke on Trent.
Vlatka Lake, Marketing Manager at Space Station, said: “Downsizing is a popular option for homeowners who no longer need a larger home after their children grow up and fly the nest.
“It’s fascinating to see that savings in certain areas in the West Midlands from downsizing by just one bedroom is enough to buy an entire one-bedroom property in other areas across the region.
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