Vikki Moran
Updated on: October 11, 2024 6:18 pm GMT
New trends in housing are emerging in the Warwickshire region, particularly around the CV36 postcode, which is becoming increasingly popular with buyers seeking a quieter lifestyle away from bustling urban centers. According to the Financial Times, this once-overlooked area is gaining traction as a desirable location for those looking for more affordable, yet charming alternatives to the more prestigious Cotswold postcodes.
Rising Popularity of CV36
The CV36 postcode, encompassing towns like Shipston and nearby villages, has reportedly surged in popularity, with estate agents noting a significant increase in interest from potential homebuyers. Savills, a leading estate agency, has observed that property prices in the CV36 area have risen by 40% compared to the overall Warwickshire average. This increase is attributed to the CV36 area’s appeal as a quieter, yet attractive option for those priced out of more fashionable locations such as OX7 and GL56.
Local businesses are also feeling the impact of this demographic shift. John Rutter, owner of EH Spencer, a local country clothing store, expressed no surprise at the renewed interest in the CV36 areas. “There are some very nice villages and busy, traditional towns like Shipston around here,” he noted, highlighting the strong sense of community that characterizes the region.
Community and Lifestyle Benefits
The sense of community in CV36 is often touted as one of its biggest draws. Great Wolford resident Sarah Constable spoke positively about the village’s environment, stating, “It is a terrific area for dog walking and riding… Great Wolford has a great community and is a gem of a village – I feel very fortunate to live here.” Many current residents appreciate the blend of picturesque Cotswold homes and the surrounding countryside, which contributes to a high quality of life.
Lucy Mercer, an office manager at Thomas Fox Garden Landscaping in Whatcote, echoed these sentiments. She has noticed an influx of property owners, many of whom are London commuters who maintain homes in the area. “We’ve definitely seen a lot more money come into the CV36 area,” she commented. This trend reflects a growing desire for people, especially from urban hubs, to invest in properties that offer a peaceful rural lifestyle without straying too far from the city.
Developments and Local Businesses
New establishments are also cropping up in response to the increased affluence of the area. Jack McEntee, who recently took over the Cherington Arms, a newly refurbished pub, noted the potential of the village to attract visitors from nearby hotspots such as Daylesford and Soho Farmhouse. “There’s definitely money around here,” he remarked, as he emphasized the beauty of Cherington and its growing appeal to young families and professionals.
The area continues to support a range of local businesses that provide key services to residents, fostering a close-knit environment where community ties are reinforced through regular engagement. Public houses and local shops remain vibrant, with patrons often exchanged friendly greetings as part of daily life.
Housing Market Trends
While demand for properties in the CV36 area is on the rise, the housing market remains mixed. Sally Coombs, an associate partner at Peter Clarke estate agents in Shipston, confirmed that though properties in the area are attracting significant attention, they can vary widely in terms of sales performance. “Houses in villages in CV36 cost more money, especially if they’re Cotswold stone, and prices are increasing,” she noted, adding that Ilmington is notably one of the most sought-after villages due to its amenities.
Despite rising prices, some residents are still finding it challenging to sell their homes. Geoff Shuttleworth, a retired resident of Great Wolford, indicated that although new families are moving into the village, certain properties are languishing on the market. For instance, a house initially listed for £550,000 dropped to £525,000 without a sale. “We’ve had a considerable amount of newcomers to the village – three people have moved in during the past month,” he commented, highlighting the changing dynamics of the local real estate market.
The Future of CV36
The CV36 area represents a unique intersection of traditional rural England and modern lifestyle demands, making it an increasingly attractive destination for a diverse range of home seekers. With its rich community spirit, access to beautiful countryside, and improving local amenities, the region looks poised for continued growth as a preferred living area for those looking to escape urban congestion.
As real estate changes, it’s important for local communities to keep their unique charm while welcoming new people. The future will require a careful mix of keeping the history of these lovely villages alive and meeting the needs of newcomers who are discovering this hidden treasure in the Cotswolds.
