I'm just looking at the Rightmove page
for estate agents in Spennymoor, and there are only 5 listings-
http://www.rightmove.co.uk/estate-agents/find.html?locationIdentifier=REGION%5E1241
There are Dowen and 2 listings
each for Robinsons and Livin. Livin have no sale properties at all and no
lettings properties in Spennymoor, as of today, 16th October 2014.
So this leaves 2 residential sales
estate agencies advertising on Rightmove in Spennymoor. Which leads back
to the main question - has Rightmove had it's day in Spennymoor?
There are a handful of outside agents,
particularly operating at the top end of the market in Tudhoe Village, but the
bulk of the everyday market is dominated (on Rightnove at least) by Robinsons
and Dowen, as you would expect.
So, I'll have a look at the reasons for the relative lack of estate agents in
Spennymoor, compared to other similar-sized towns. Since Martin
Currington went, and Reed Rains closed their last office, the town has seen a
duopoly in terms of the majority of sales of the everyday market - the bulk of
properties that lie within Spennymoor. This has come about due to a
number of reasons. There has been widespread dismay and negativity
towards the town centre in Spennymoor, particularly the precinct. This
will have put off potential estate agents from opening a High Street office in
the town, as the footfall drops off and people begin to move their shopping
trips to the edge of Spennymoor - Asda, Home Bargains, Lidl and Aldi.
There is also competition from the new out-of-town shopping park at St
Helen Auckland and a more wholesome shopping experience in Durham City Centre
or one of it's out-of-town retail parks. This immediately reduces a
potential investment from a new estate agent, where they may spend a lot of
money to establish a presence and then find that the footfall is not there.
Add to this the general low growth in house prices since the end of the
recession, and a large Reed Rains office still standing empty, and you can
understand a reluctance to locate here.
Bishop Auckland is showing 10 sales
estate agents, and 15 agents in total, Shildon is showing 2 agents, Barnard
Castle shows 4 estate agents, Darlington has 31 and Durham shows 34.
Now choice doesn't necessarily mean that
you will get a higher standard of service; and the fact that there are fewer
estate agents doesn't necessarily mean that the agents are of a lower standard.
As a standard seller and buyer of
property you will probably only experience the services of an estate agent
every few years.
Christmas gift ideas from Amazonhttp://www.rightmove.co.uk/estate-agents/find.html?locationIdentifier=REGION%5E1241
So, I'll have a look at the reasons for the relative lack of estate agents in Spennymoor, compared to other similar-sized towns. Since Martin Currington went, and Reed Rains closed their last office, the town has seen a duopoly in terms of the majority of sales of the everyday market - the bulk of properties that lie within Spennymoor. This has come about due to a number of reasons. There has been widespread dismay and negativity towards the town centre in Spennymoor, particularly the precinct. This will have put off potential estate agents from opening a High Street office in the town, as the footfall drops off and people begin to move their shopping trips to the edge of Spennymoor - Asda, Home Bargains, Lidl and Aldi. There is also competition from the new out-of-town shopping park at St Helen Auckland and a more wholesome shopping experience in Durham City Centre or one of it's out-of-town retail parks. This immediately reduces a potential investment from a new estate agent, where they may spend a lot of money to establish a presence and then find that the footfall is not there. Add to this the general low growth in house prices since the end of the recession, and a large Reed Rains office still standing empty, and you can understand a reluctance to locate here.
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