Fleet and Yateley house prices rose by 17% in four years the local press have reported.
Based on Land Registry data the North East Hampshire Constituency, which includes Elvetham Heath, Fleet, Hartley Wintney, Hook, Odiham and Yateley, the area has felt a biggest increase since 2010 than neighbouring constituency areas; median house price rising from £284,000 in 2010 to £332,500 in 2014.
This brings the average cost of a home up from 7.4 times the average annual wage of workers in the constituency in 2010 to 9.5 times the average annual salary in 2014; an increase of 28.8%.
Neighbouring constituencies Land Registry shows:
- Surrey Heath Constituency average house price rise from £250,000 in 2010 to £297,000 in 2014.
- Aldershot constituency, the average house price has risen from £205,000 in 2010 to £232,000 in 2014.
- South West Surrey constituency, which covers Farnham, average house price rise from £320,000 in 2010 to £355,000 in 2014.
- Bracknell constituency, average house price rise £233,750 in 2010 to £265,000 in 2014.
So how do the Land Registry figures compare to what our team of estate agents in Fleet have experienced?
“When looking at the increases in market value locally in the areas we cover-Fleet, Church Crookham and Elvetham Heath, we have experienced price rises in the region of 25% for this collective four year period.
In our marketplace, the average house price of our sales has gone from £337,288 to £485,781, a 44% increase.
Whilst we have increased our mainstream instructions on the sales of quality detached homes, there have also been many examples of higher price increases in other sectors of the market, where prices can increase within a short time period; influenced by an influx of buyers, ranging from First-time buyers, investors, to cash rich downsizers, and equity rich upmarket buyers.
An agent’s job is to recognise these market conditions and have the vision to react accordingly, the key is accurate pricing based on fact and knowledge.
With Mackenzie Smith, you will always receive the above. The Senior Client Managers in our office alone have over 80 years’ of experience in selling various property types in the local area in differing market conditions, ensuring that we get it right first time.
I’m proud to say that over the last 12 months we have converted over 85% of our stock into results for our clients and are looking forward to continuing this success further in the Spring market we are now entering. If you are considering a move in the coming months we would be delighted to hear from you.”
Paul Johnston, Assistant Branch Manager
01252 812121 firstname.lastname@example.org