A common question we often get asked is ‘What is the House prices on my area?’. UK house prices have been rising steadily with only rare exceptions for over thirty years and it is likely that house prices in your area have also risen. Prices are higher in London and affluent areas of regional cities such as Edinburgh, Bristol and Bath as well as the Home Counties, but prices depend on size, land, proximity to amenities and local services.
A business news article recently quoted “Not all house prices on my area will change according to local or national averages. In London, house prices continue to rise for most people, however Kensington and Chelsea, which has a much higher average price, has seen prices fall as much as 22%*, largely due to stamp duty changes”. Other London boroughs have seen house prices rise by around 10%.
Whilst you’re most likely to have seen higher house prices on your area if you live in London and the Home Counties, house prices in the North East and North West of England have grown by more than 3% in the last year as well. There is no guarantee that house prices will continue to rise or fall. The housing market depends on ability to get a mortgage offer, changes in interest rates and the cost of living as well as many other factors.
Websites like Right Move and Zoopla are a good guide for you to find out how house prices on my area are performing. A terraced house in London averages £595,000 but that varies from almost three times as much in Central London to just over half in parts of East London. The high cost of living increases demand for properties in The Home Counties, where prices are predicted to increase by at least 3% this year**.
The cost of buying and selling a property is also affected by stamp duty and moving costs. A buyer will have to pay stamp duty on your house and local council tax rates can also affect house prices on my area. We are able to take this into account when making an offer for your home.
By selling your house quickly for cash, you can avoid delays caused by property buying chains, estate agent fees and lengthy legal services.
If you need to sell your house quickly, give Sell My House Fast For Cash a call today and we can help you to get a fair valuation on your home and make a cash offer within 24 hours. We’ll look at house prices in your area as well as the details of your property and make you a fair offer for your home today.
Our specialist teams of property researchers and location experts have access to all the leading industry tools to find out about house prices on your area and make a fair and competitive cash offer for your house.
For more information about house prices in your area or to get a cash offer for your home if you need to sell your house fast, call 0808 256 5213 now, email us at email@example.com or fill out the enquiry form on this page now.