Young families and elderly increasingly attracted to part of Cheltenham - estate agent
Both young families and the elderly have been taking an increasing interest in a part of Cheltenham, an estate agent in the town has said.
Ian Whyte, of Whyte's Independent Estate Agents, said Warden Hill was home to great facilities for the young and old.
"We are very fortunate here because we have a healthy market for bungalows," he said.
"Warden Hill enjoys great facilities for all the family but in particular for the elderly, having a busy parade of local shops and a post office is a real bonus.
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The doctors' surgery is on the same site as Morrisons, as is the library and there is an excellent bus service operating in the area.
"We are also blessed by good primary and secondary schools, which bring the young families to the area too."
He said house prices and confidence in the market were both up, with further opportunities for investment buyers who were not in short supply in the area.
He said: "The market is more buoyant now than it has been for many years. There is an optimism in the air and our level of enquiries has increased.
"Prices are starting to edge up and buyers do not seem to be put off by this.
"The investment buyer is still out there and we sell a percentage of our properties to those wanting to buy-to-let. Warden Hill and Hatherley are popular and the rental properties that become available are quickly snapped up.
"We find that those renting in this area turn into future purchasers, as they appreciate the locality and what's on offer here."
First-time buyers were also on the up, Ian added, with many being helped with their deposits by family.
However, he called for the Government to reduce stamp duty land tax, which is three per cent of the property's purchase price on those priced between £250,000 and £500,000, as it was hampering the market.
"The one disappointment for me is the continued high level of stamp duty," he said.
"I live in hope that this will be addressed in the near future. As agents we have a dilemma because when you value a property at £260,000 or £265,000 you know very well that many of those viewing will be wanting to offer £250,000 to avoid paying the additional stamp duty.
"This could be dealt with in a much fairer way and thereby kick-start the market even more by freeing those who need a bigger house from the shackles of this unpopular tax."