The Office for National Statistics reports house prices are up 12.1% in a year (September 2013 – September 2014) as a national average.
London property prices, as expected, have the highest increase of a huge 18.8% whilst the average in the South East has been a strong 8.1%, the highest of all regions excluding London.
A word of caution; prices are still sensitive and accurate pricing is key when selling your home. Statistical figures are an average and cannot reflect the unique features of each location and property. That’s why a Senior Client Manager from Mackenzie Smith will be perfectly placed to provide an accurate valuation, backed up by experience of selling a range of property in your area, in depth knowledge of the local property marketplace and an understanding of buyer demand.
Stamp duty, which in the past has obscured accurate pricing, has been redesigned so this will no longer be the case and property will now be able to be priced more accurately than ever by skilled knowledgeable estate agents.
The average house price in the South East reached £338,000 in September 2014, well above the national average of £272,000 and still appealing for buyers moving out of the capital where the average home costs £508,000.
We have recognised a slightly higher average house price than the ONS’s figure for the South East in our local patch spanning the towns and villages north and south of the M3 in North Hampshire from our offices in Hook, Hartley Wintney, Fleet, Farnborough and Ash Vale. This area is particularly appealing with excellent communities, schools and commuting connections, bolstered by Hart District being recognised as the best place to live in the UK for 3 years running (Halifax Quality of life Survey 2013, 2012, and 2011), meaning demand continues to strengthen prices.
Do you know what your home is worth now? Contact your local Mackenzie Smith Office to book your property and market appraisal with one of our experienced Senior Client Manager.