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Luxury Property Market Update October 2025

Luxury Property Market Update October 2025

Luxury Property Market Update October 2025

Where Britain’s luxury buyers are spending: a regional market update

Executive summary (short)
Autumn 2025 finds the UK luxury property market in a state of cautious re-balancing rather than collapse. At the national level, mainstream housing shows surprising resilience with modest price growth in recent months, but prime segments are more uneven. Prime London — and especially the super-prime (£10m+) tier — has shown pockets of renewed strength as international and discretionary buyers re-engage, while many high-end country-house markets that boomed during the pandemic are undergoing a correction: asking-price reductions have become common and negotiation power has shifted towards well-prepared buyers. Lending costs, Budget uncertainty and the post-non-dom tax landscape are the principal near-term influences shaping wealthy buyers’ behaviour. Key evidence for these views comes from leading market reports published in October 2025 by major broker research teams and national commentators. (Savills PDF)

Introduction — the shape of luxury in October 2025

The pandemic years rewired aspirations: a surge in demand for space, countryside living and second homes pumped prime-region values to new highs. Two years on, those dynamics have normalised unevenly. Where buyers still prize convenience to city centres and a high-quality lifestyle, prices have stabilised or even risen slightly; where expectations were fuelled by temporary remote-work premiums, the market is now adjusting back toward longer-term fundamentals.

This October, the picture is best described as selective and regionally divided. Mainstream measures show modest growth across the UK as a whole, reflecting stronger performance in many northern regions and stable activity in several commuter belts, but the story diverges markedly when you split London super-prime, Greater London/Home Counties, city-region prime and rural country-house markets. This article unpicks those differences region by region and offers practical insight for high-net-worth buyers, sellers and advisers. (Savills PDF)

National overview: stability with divergence

Headline figures out in October 2025 show the UK housing market — including the upper tiers — holding up better than many commentators forecast earlier in the year. Nationwide and other broad indices recorded modest month-on-month growth in late summer and early autumn, and activity has shown some stabilisation after a prolonged period of caution. That resilience masks important splits: the North vs South performance gap persists; urban prime areas with strong employment and amenity draws have outperformed much of the rural prime stock; and super-prime trophy assets continue to attract global capital. (Savills PDF)

The macro backdrop matters. Interest-rate direction and mortgage availability still constrain many domestic buyers, while tax changes and the end of some non-dom tax arrangements in 2025 have nudged behaviour among ultra-wealthy individuals. Policy uncertainty ahead of the autumn Budget has encouraged a degree of “wait and see” activity — some buyers accelerate deals to secure positions before potential tax changes, while others pause. In this mixed environment, well-priced, well-marketed homes are selling; homes priced at the former pandemic peaks, particularly in rural hotspots, are taking longer and often require reductions. (coutts.com)

London — prime and super-prime

Snapshot: Selective recovery in prime London; rising super-prime activity; lettings demand strengthening.

By mid-2025 we began to see a clearer positive tilt in prime London pricing and sentiment. Analytical work from dedicated prime-market indices shows that prices in central prime pockets rose through the first half of 2025 and that rental values have been firming — an important dynamic for investors and occupiers alike. The return of international buyers into certain segments of the market, combined with a shortage of the very best stock, has helped underpin prices for the most desirable homes. (coutts.com)

What’s driving demand in London now?

  1. Global wealth flows and repositioning. Ultra-high-net-worth buyers continue to use London both as a residence and as a strategic asset: trophy apartments and townhouses in the most desirable postcodes remain a recognised safe harbour. Knight Frank’s super-prime intelligence confirms that sales in the $10m+ bracket are meaningful and frequently cross-border in origin. (Knight Frank)
  2. Rental market tightness. Lettings performance in prime central and outer London improved through September 2025 with rents rising in several prime zones; this increases gross yields for buy-to-let at the top end and supports investor interest. Policies that increase the attractiveness of selling (for example regulatory change affecting landlords) can reduce supply and paradoxically support rental values. (Knight Frank UK)
  3. Stock scarcity at the top. For genuinely exceptional properties — penthouses, palatial mews houses and townhouses on quiet garden squares — supply remains tight, sustaining premiums for quality and location.

Market dynamics for sellers and agents

  • Pricing precision is critical. For prime flats and houses in the best postcodes, small pricing errors now have a big impact on sale speed and the discount demanded by buyers. While some sellers can secure near-peak prices, many are finding that realistic, data-driven pricing combined with premium marketing wins deals. (coutts.com)
  • Off-market and discreet sales remain valuable. High-net-worth clients still prefer quiet processes to public listings, and agents offering access to international buyer networks and family office channels are seeing success.
  • Short-term tactical plays. Some buyers are accelerating purchases ahead of the Budget or to lock in financing arrangements; others wait for tax clarity. This results in short bursts of activity rather than a steady flow.

Practical advice (London)
Buyers: prioritise readiness — finance lined up, solicitors instructed, and the ability to move quickly on clean, well-presented transactions. Sellers: invest in appetising marketing (virtual staging, lifestyle content) and be prepared to act swiftly on credible offers.

Greater London & the Home Counties

Snapshot: Continued demand for properties combining London access with privacy and space; negotiating room for buyers in many sub-markets.

The Home Counties remain a bedrock for luxury purchasers seeking a balance between city access and country comforts. Places such as Surrey, Berkshire and parts of Hertfordshire and Kent continue to see interest where commutability is under an hour and where properties offer modern home-working space, gardens and strong schools. However, the market is more negotiation driven: buyers are more discerning and many vendors must prove reasoned flexibility on price and timing. (Savills)

Regional nuances

  • Commuter belts within 45–60 minutes: areas with fast rail links to central London (for example some parts of Surrey and Berkshire) have stayed relatively resilient. Properties that combine modern infrastructure, low maintenance and professional landscaping perform well.
  • Secondary commuter locations: where journeys are longer or public transport less frequent, price sensitivity is higher and time-to-sale lengthens.

What sellers should do

  • Use precise comparables and be transparent about premium features (recent renovations, EPC ratings, AV systems) — high-end buyers pay for certainty.
  • Consider professional styling and timing: autumn viewings still produce good quality attendees but realistic expectations about discounting are necessary.

South West & the Cotswolds (including Cornwall and Somerset)

Snapshot: The pandemic premium on spacious country houses has eased; many rural prime postcodes are seeing an uptick in price reductions and longer chains.

The country-house market has been the most discussed story of 2025: after a powerful pandemic-era surge in demand, pockets of the rural luxury market are now realigning to pre-Covid fundamentals. National newspapers and specialist commentators report that a large share of rural listings have had reductions, and agents cite a longer time-to-sale in areas that had previously been extremely active. Buyers are in a stronger negotiating position in many localities, especially in amenity-rich but more isolated spots. (The Times)

Regional commentary

  • Cornwall and coastal retreats: once extraordinary growth areas, many Cornish properties have been subject to meaningful downward adjustments from their pandemic peaks. That said, truly exceptional coastal homes and houses with distinctive provenance continue to attract attention from both UK-based second-home buyers and overseas purchasers who prize privacy and sea views. (The Times)
  • The Cotswolds and Somerset: pockets with a deep history of demand remain liquid, but the market is now rewarding realistic pricing rather than aspirational listing values. Buyers who value access to high-end local amenities (golf, equestrian facilities, good schools) still pay for those features.

Opportunity windows
For buyers with patience and solid financing, autumn 2025 presents opportunities to buy desirable country houses at a discount to 2021–22 asking levels. Sensible advice is to examine shortlists carefully, budget for the full ownership costs of running a large estate, and use a trusted local agent to navigate known chains and legacy issues.

The Midlands (Derbyshire, Worcestershire, Warwickshire)

Snapshot: Stable demand for accessible country homes and small estates; buyers attracted to balance of space and reasonable proximity to regional cities.

The Midlands occupies an interesting middle ground: it offers large homes and estate-style properties without the extreme price tags of the South, and is accessible to strong regional employment hubs. Areas edging the Cotswolds and pocketed villages with excellent schools or estate management services have seen steady interest from buyers seeking both lifestyle and relative value. Off-market listings are becoming more common as local HNW networks search for discreet opportunities. (Mishcon de Reya LLP)

Market signals

  • Well-positioned properties that offer turn-key living (recent refurbishments, energy retrofits, good broadband) command interest.
  • Agricultural or heritage complications (e.g. listed farm buildings or tied tenancies) still deter a non-specialist buyer and can lengthen chains.

Advice (Midlands)
For sellers: focus on presentation and clear documentation — buyers expect less friction for high-value country purchases. For buyers: demand independent valuations and a thorough maintenance and running-cost estimate before committing.

North of England — Manchester, Leeds, Lake District & Cheshire

Snapshot: Urban-edge prime markets outperform many rural pockets; professional buyers and local HNW buyers underpin liquidity.

In northern city regions, quality homes close to major employment and cultural centres are demonstrating greater resilience relative to rural country houses. Manchester and Cheshire, in particular, have seen sustained demand from executives and entrepreneurs who require easy access to city employment but also desire larger homes and good school catchments. The Lake District, as a lifestyle destination, retains strong interest for unique properties and estates, but not all rural postcodes are immune to the correction seen elsewhere. (Savills)

Investor interest
Institutional and professional investors have shown appetite for prime residential in northern cities, attracted by relative value and improving rental dynamics. This institutional engagement supports liquidity in the £1m+ bracket in city suburbs and established neighbourhoods.

Local peculiarities

  • Cheshire’s suburban villages continue to attract families trading London prices for more space and arguably better value.
  • In and around Leeds and Harrogate, lifestyle-led buyers are again active though they remain price-sensitive.

Scotland — Edinburgh, Glasgow, Highlands & Islands

Snapshot: A mixed market: city prime steady; Highlands and islands buoyed by lifestyle demand but listings increased.

Scotland offers a diverse prime market. Edinburgh and selected parts of Glasgow maintain steady interest in high-quality homes close to cultural and educational centres. Meanwhile, the Highlands and islands continue to draw buyers chasing privacy, sporting estates and coastal living. At the same time, there is evidence of broader listing growth — more Scottish country houses are on the market now than in 2021–22 — which gives buyers more choice and more negotiation leverage for non-exceptional stock. (The Super Prime)

Trophy assets
Castles, large sporting estates and islands trade sporadically but still command premium pricing where provenance, privacy and scale converge. Those assets attract both domestic HNW buyers and international purchasers seeking unique holdings.

Wales & Northern Ireland

Snapshot: Quiet, steady demand for coastal retreats and country estates; limited super-prime movement.

Both Wales and Northern Ireland present niche but steady prime markets. Coastal areas in Wales remain attractive for second-home buyers and lifestyle seekers; listings here are competitive for genuinely well-located homes. Northern Ireland’s prime market is smaller in scale; high-value estates change hands infrequently and transactions are typically bespoke and discreet. (Garrington Property)

Practical note
Buyers should account for limited stock and the potential for longer marketing periods on specialist properties; local solicitor and tax advice is essential, especially for cross-border or international purchasers.

The national country-house correction: what changed and why

One of the clearest autumn 2025 trends is the reversion of many rural prime markets to more conservative pricing. Country houses that appreciated dramatically in 2020–22 are in many cases trading with price reductions compared with earlier aspirational asking levels. Multiple industry commentators and regional reporting show that a significant share of rural listings have been reduced in price and that transaction times have lengthened. This is not a uniform story: the very best sites with exceptional settings and provenance still command strong buyer interest, but a much larger tranche of the market has softened. (The Times)

Key reasons for the correction

  1. Post-pandemic normalisation of working patterns. Remote work accelerated demand for rural homes; as hybrid working settles into a more balanced pattern, the urgency for large country homes has eased for many.
  2. Tax and regulatory changes. Proposed and enacted policy changes in 2025 — including end of certain non-dom tax rules and broader tax debates — have affected the calculus for second-home ownership and for holding multiple residences. This has a pronounced effect in markets that had been driven by second-home buyers. (The Guardian)
  3. Affordability and mortgage pricing. Higher borrowing costs for many buyers, plus lenders’ increased caution on large, unusual properties, have reduced the pool of ready purchasers for some estates.
  4. Stock replenishment. After a period of low listings, more vendors have relisted their homes, increasing choice and amplifying buyer negotiating power.

Buyer opportunity
For motivated buyers who understand the full cost and complexity of running a large home, the correction brings opportunities to secure desirable homes at more realistic values. Due diligence — from structural surveys to running-cost projections and checks on boundaries and rights of way — is especially important.

Macro drivers and the policy context

Three macro themes dominate near-term thinking among luxury buyers and advisers:

  1. Interest rates and mortgage availability. While some lenders have eased pricing in 2025, mortgage structuring for very high-value properties remains bespoke. The direction of base rates and wholesale funding costs still governs the cost of leverage for many buyers; those who buy with cash tend to enjoy better negotiation positions. Broad market reports in October 2025 show that mortgage-sensitive buyers are behaving cautiously, but market sentiment brightens when rate cuts are priced into markets. (Savills PDF)
  2. Budget and tax changes. The autumn Budget and ongoing tax reform conversations matter hugely for high-value transactions. Changes to stamp duty, capital gains treatment or other owner taxes will influence timing decisions for some buyers and sellers. Advisers increasingly recommend factoring the fiscal calendar into strategic planning for high-value purchases. (coutts.com)
  3. International mobility and tax residency shifts. The abolishment of certain non-dom rules in 2025 has been a talking point for the luxury market. There is evidence that some wealthy individuals have reconsidered UK residential plans, and certain luxury services (cars, watches, property) have responded to shifting demand. This creates both short-term volatility and longer-term recalibration in lifestyle asset ownership patterns. (The Guardian)

What buyers should be doing in October 2025

  1. Be ready to move quickly on compelling stock. Where pricing and condition are right, sellers are rewarding certainty. Have your finance organised, surveyors on call and solicitors primed.
  2. Think long term about running costs and adaptability. Large houses bring ongoing maintenance and energy considerations. Look for recent retrofits (insulation, heat pumps, windows) and realistic EPCs.
  3. Use local expertise. The best local agents know the hidden chains, access rights and typical pitfalls of their patch. For super-prime deals, relationship networks matter: family office contacts, private banks and specialist brokers often open doors.
  4. Negotiate professionally. In many rural and some suburban prime markets, the buyer has the upper hand — credible, well-structured offers often secure properties at a discount to headline asking prices. (The Times)

What sellers should be doing in October 2025

  1. Price with discipline. Data-led pricing and an objective view of recent comparable sales attract serious buyers; aspirational listings that ignore reality will languish.
  2. Invest in presentational excellence. For luxury homes, professional photography, virtual tours, tasteful staging and high quality marketing collateral still make a measurable difference to sale speed and price.
  3. Be pragmatic on timing and process. Consider off-market launches to targeted buyer lists and be open to slightly extended completion windows if that secures a better headline price.
  4. Prepare full documentation. Clear title, up-to-date surveys, full service histories and transparent running costs reduce transaction friction and increase buyer confidence.

The outlook into 2026 — three plausible scenarios

  1. Gentle stabilisation (most likely): Continued modest growth in mainstream indices, selective strength at the top of London and a gradual normalisation of rural values toward pre-pandemic fundamentals. This scenario assumes central banks edge rates lower, encouraging buyers to re-enter cautiously. (Savills PDF)
  2. Policy-led pause: An unexpected suite of fiscal measures in the Budget (stamp duty changes, new levies on second homes or more aggressive capital taxation) triggers a short-term drop in second-home demand and some market re-pricing. Behavior becomes more transactional and seasonal while market participants reassess strategy. (coutts.com)
  3. Return of strong global flows: If global liquidity and wealth growth accelerate and sterling weakens, super-prime London and trophy UK assets could benefit from renewed international buying — pushing liquidity upward at the very top even as broader rural markets remain subdued. Knight Frank’s super-prime research shows how global flows can decouple top-end performance from the domestic norm. (Knight Frank)

How advisers and agents are adapting

Professional advisers — from private banks to boutique estate agents — are refining their propositions to match the new market reality:

  • More bespoke financing solutions for high-net-worth buyers, including bridging and portfolio lending.
  • Family office and international buyer outreach to widen the potential purchaser pool for distinctive assets.
  • Deeper pre-sale preparation (surveys, legal packs, planning history) to shorten chains and reduce the buyer’s perceived risk.
  • Integrated marketing combining high production-value media, lifestyle storytelling, and access to curated buyer lists.

These tactics are proving effective where buyers value certainty and presentation as much as price.

Case studies (anonymised and illustrative)

1. A Mayfair penthouse (central London)
A newly refurbished penthouse in a recognised prime square sat on the market for six weeks. The vendor instructed a specialist prime broker, produced a high-quality video tour and engaged international contacts. Two competitive bids arrived within a fortnight of launch and the property exchanged at a price within 2% of the vendor’s revised target. The lesson: for genuine trophy stock, scarcity and presentation still command premium outcomes.

2. A Cotswolds country house
A substantial country house listed in spring 2024 at an aspirational value failed to attract offers and was re-priced in 2025. The vendor undertook energy upgrades and improved access, relaunched off-market and accepted a patient but realistic offer — notably lower than the original headline figure but within market expectations for condition and location. The lesson: buyers are discerning and pricing must reflect today’s market, not 2021 peaks.

3. A Cheshire suburban estate
A family relocating from London found value in a well-appointed Cheshire village house. Local demand from executives relocating from the city produced several offers and a sale close to asking. The lesson: city-adjacent markets with good schools and transport links retain durable demand.

Data sources and methodology notes

This update draws on consolidated market intelligence compiled in October 2025 from leading research houses, regional specialists and national market commentators. Core inputs include monthly and quarterly prime-market indices, regional research notes, and investigative reporting on rural market movements. Those sources consistently show a combination of modest national resilience, renewed strength in some prime urban pockets, and material softening in many rural prime postcodes. (Savills PDF)

(If you would like the raw tables referenced here — for example, prime-city price indices, % listings reduced in selected rural postcodes, and recent super-prime transaction lists — I can prepare an appendix of headline figures and a one-page data sheet suitable for use in your own market briefing.)

Practical checklist — buying and selling in October 2025

For buyers

  • Have evidence of funds and a pre-instructed solicitor.
  • Commission a thorough pre-offer survey for country houses.
  • Build a short list of three must-have features and two negotiables.
  • Consider off-market channels for discreet purchases.

For sellers

  • Test the market with a targeted soft launch.
  • Prepare a complete information pack (surveys, service records, planning history).
  • Invest in professional visuals and lifestyle copy.
  • Be prepared to negotiate and to allow an inspection window for committed buyers.

Final words — a market of nuance, not uniformity

October 2025’s luxury property market is characterised by nuance. The blanket narratives of either “boom” or “bust” don’t hold up to the regional detail: London’s very top end and well-located suburban properties are seeing pockets of strength; many rural prime markets are undergoing necessary price realignments; and policy developments — both fiscal and regulatory — remain a prominent influence on buyer psychology.

For anyone transacting at the top end of the UK market, the rules are timeless even if the mood shifts: understand the market you are targeting, price and present intelligently, and work with advisers who have depth in the specific geography and in the mechanics of high-value transactions. The autumn offers opportunity — for buyers who move decisively and for sellers who choose realism over optimism.

(Article compiled using independent market analysis and the latest prime-market research published in October 2025 by leading industry commentators and major brokerage research teams.) (Savills PDF)

 

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UK Property Market Forecast 2025

UK Property Market Forecast 2025

UK Property Market Forecast 2025

A Detailed Analysis of Current Trends and Future Prospects

Executive Summary

The UK property market has demonstrated remarkable resilience throughout 2024, defying earlier predictions of stagnation. Instead, the market has experienced stabilisation and moderate growth, with projections for 2025 indicating further positive momentum. Buoyed by improving economic conditions, falling mortgage rates, and a shift in market sentiment, house prices and buyer activity are expected to climb, although potential challenges such as stamp duty changes and wage growth uncertainties remain on the horizon.

Market Overview: December Trends and Seasonal Adjustments

New seller asking prices have fallen by a seasonal 1.7% this December, equivalent to a £6,395 decrease, bringing the average asking price to £360,197. This decline aligns with the typical pre-Christmas dip, as sellers aim to attract buyers during a period of reduced market activity. Despite this, house prices have ended the year 1.4% higher than December 2023 levels, reflecting overall market resilience.

The festive season typically sees reduced activity as buyers turn their attention to holiday preparations. However, this year, activity has remained notably robust, with the number of sales agreed up by 22% compared to the same period last year. Furthermore, new buyer demand has risen by 13%, showcasing a stronger appetite for property acquisitions than was seen in 2023.

The Boxing Day Bounce: A Key Date in the Property Market Calendar

Boxing Day has increasingly become a pivotal moment for the UK housing market. In 2023, a record number of sellers launched their properties for sale on this day, capitalising on renewed buyer interest. Rightmove reported a dramatic 273% surge in buyer demand between Christmas Day and Boxing Day, driven by fresh property listings and increased market activity. This trend is expected to continue in 2024, creating a dynamic start to the New Year.

According to Tim Bannister, Rightmove’s Director of Property Science:

“The 1.7% average monthly fall in December asking prices can be seen as a festive gift for buyers still active in the market. This slight drop in prices serves as a timely incentive for motivated buyers amidst the holiday distractions. Looking ahead, Boxing Day has firmly established itself as a key date for movers. It’s the moment when the Turkey is finished, games are set aside, and mobile phones come out to kick-start property searches for the year ahead.”

Regional Dynamics and First-Time Buyer Market Resilience

While the national market has experienced a seasonal downturn, prices in the first-time buyer sector remain comparatively strong, particularly for homes priced below £300,000. In more affordable regions such as the North East, prices for typical first-time buyer properties have risen by 1.0% this month, contrasting with the national average 1.7% fall. This resilience reflects the sustained demand from first-time buyers who are less affected by stamp duty changes due to the £300,000 exemption threshold.

Conversely, in higher-priced regions such as London and the South East, the looming stamp duty deadline in March 2025 has spurred increased activity among sellers of smaller properties. Many are seeking to complete sales before higher tax rates come into effect. Over the past four weeks, the number of sellers listing two-bedroom homes or smaller in London has risen by 20%, with the South East following at 16%.

2025 Market Forecast: Growth and Emerging Challenges

Rightmove predicts a 4% rise in new seller asking prices for 2025, underpinned by anticipated reductions in mortgage rates. Lower borrowing costs are expected to boost affordability and stimulate further market activity. However, potential challenges include the impact of the 2025 stamp duty changes and broader economic factors such as inflation and wage growth uncertainties.

Key Forecast Highlights for 2025:

  • Nationwide Price Growth: Predicted at 2.5–4% year-on-year, depending on regional variations.
  • Mortgage Rate Reductions: Expected to improve affordability and buyer confidence.
  • Stamp Duty Influence: Likely to create urgency in early 2025 but could dampen activity in higher-priced sectors later in the year.

Affordability and the First-Time Buyer Landscape

Affordability remains a central theme in the property market. First-time buyer homes (defined as properties with two bedrooms or fewer) have shown resilience, with average prices remaining accessible to many. Analysis of average monthly mortgage payments and rents indicates a growing advantage for buyers, particularly as mortgage rates are expected to decline further in 2025.

The affordability to buy a first home is calculated using the Office for National Statistics’ (ONS) Average Weekly Earnings (AWE) data, multiplied by a loan-to-income ratio of 4.5. This provides a benchmark for the typical borrowing capacity of first-time buyers, highlighting the ongoing opportunities in this segment of the market.

 

Broader Economic Context and Sentiment Shift

The property market’s performance mirrors the broader UK economic landscape, which has displayed adaptability in the face of uncertainty. Aneisha Beveridge, Research Director at Hamptons, notes:

“The mood of the housing market has shifted from trepidation to cautious optimism. Buyers and sellers alike are re-entering the market with greater confidence, buoyed by stabilising prices and improving affordability.”

This shift is reflected in a 25% increase in market activity on platforms such as Zoopla, underscoring renewed buyer engagement and investor interest.

Strategic Recommendations for 2025

For Buyers:

  • Act swiftly to take advantage of pre-stamp duty deadline opportunities.
  • Focus on regions with strong price growth potential, particularly in the North and Midlands.

For Sellers:

  • Leverage the Boxing Day bounce by listing properties early in the New Year.
  • Consider market timing carefully, particularly in higher-priced areas facing potential tax increases.

For Investors:

  • Diversify geographically to include emerging markets with robust growth indicators.
  • Monitor interest rate trends and affordability metrics to identify optimal investment windows.

Summary of UK Property Market Forecast 2025

  • New Seller Asking Prices:
    • Seasonal drop of 1.7% (-£6,395) in December, bringing the average price to £360,197.
    • Prices end 2024 up 1.4% compared to December 2023.
  • Boxing Day Bounce:
    • Boxing Day 2023 saw record activity, with new sellers and a 273% jump in buyer demand compared to Christmas Day.
    • A strong Boxing Day bounce is anticipated in 2024 due to increased buyer engagement and fresh property listings.
  • Market Activity:
    • Number of sales agreed is up 22% year-on-year, while buyer enquiries have risen by 13%.
    • First-time buyer properties are holding prices well, especially below the £300,000 threshold.
  • Regional Dynamics:
    • Sellers of smaller homes in higher-priced areas, like London and the South East, are rushing to avoid the March 2025 stamp duty deadline.
    • Stronger price performance is seen in more affordable regions, like the North East.
  • Affordability and Mortgage Trends:
    • Anticipated mortgage rate drops are expected to improve affordability and stimulate market activity in 2025.
    • First-time buyer affordability remains a key focus, with typical homes under £300,000 less affected by rising taxes.

 

 

  • 2025 Projections:
    • Rightmove predicts a 4% rise in new seller asking prices for 2025, with increased market confidence due to falling mortgage rates.
    • Regional growth disparities persist, with Northern Ireland and the North West likely to lead gains.
  • Challenges Ahead:
    • Stamp duty increases and broader economic factors like inflation and wage growth may temper market activity later in 2025.

Conclusion

The UK property market enters 2025 with cautious optimism, underpinned by strong activity levels, improving affordability, and the potential for further growth. While the looming stamp duty deadline and other economic uncertainties present challenges, the resilience of key market sectors, particularly first-time buyer properties, suggests a dynamic year ahead. Buyers and sellers who act decisively, particularly in regions with stronger growth prospects, stand to benefit most in a market poised for steady progress.

 

 

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UK Housing Market Analysis: October 2024

Trellows Property Market Update October 2024

UK Housing Market Analysis: October 2024

Executive Summary

The British property market has experienced a notable upturn, principally driven by the most favourable mortgage rates witnessed in 15 months. This renaissance in market activity has manifested in a 25% surge in property transactions compared to 2023, whilst maintaining measured price growth that reflects ongoing affordability constraints. The average UK house price now stands at £267,100 as of August 2024, marking a modest year-on-year increase of 0.7%.

Mortgage Market Developments

The lending landscape has undergone significant transformation, with the average five-year fixed-rate mortgage at 75% loan-to-value dropping to 4.3%, a marked improvement from 5.5% recorded the previous year. This represents the most attractive rates since May 2023, catalysed by fierce competition amongst lending institutions. The enhanced affordability has proved particularly beneficial for borrowers with substantial equity positions.

Regional Market Dynamics

### Strong Performance in Affordable Regions
– Northern regions and the Midlands continue to demonstrate resilience
– Price growth reaching 2.5% in more affordable localities
– The East Midlands and North East have witnessed transaction volumes exceeding 30% growth

### Southern England’s Mixed Picture
– The South West, South East, and East of England demonstrate negative year-on-year price growth
– London has executed a remarkable turnaround, transitioning from -1.7% depreciation to a modest 0.5% appreciation
– Northern Ireland leads the regional performance metrics with 5.5% growth, representing a significant catch-up phase following previous underperformance

## Supply-Side Analysis

### Chain-Free Properties
A noteworthy 32% of properties currently listed on Zoopla are being marketed as chain-free, with distinct patterns emerging across property types:
– Outside London: One and two-bedroom flats dominate the chain-free segment
– Within London: Two and three-bedroom houses represent the majority of chain-free offerings

### Investment Property Liquidation
The market has observed a significant influx of previously rented properties, constituting 13% of current listings. This trend is particularly pronounced in London and the South East, accounting for 53% of such properties, where:
– Modest rental yields
– Elevated mortgage costs
– Subdued capital appreciation
have collectively diminished investment returns.

## Coastal and Rural Market Dynamics

Several coastal and rural postcodes have experienced remarkable supply increases exceeding 40%, including:
– Truro
– Torquay
– Exeter
– Bournemouth
– Lincoln
– Norwich

This surge can be partially attributed to impending council tax modifications, with many English local authorities planning to double charges on second homes from 2025.

## Price Negotiation Trends

The market continues to favour pragmatic negotiation:
– 37% of successful transactions are concluded at values exceeding 5% below initial asking prices
– Sellers maintain aspirational pricing strategies whilst demonstrating increasing flexibility
– Buyers benefit from expanded choice and retain significant negotiating leverage

## Market Activity Indicators

### Buyer Demand
– 26% increase in prospective buyer enquiries compared to 2023
– Sustained improvement in transaction volumes across all regions
– Enhanced affordability metrics supporting maintained momentum

### Property Supply
– 12% increase in available properties compared to the previous year
– One-fifth of current listings represent properties previously marketed within the past 24 months
– Similar proportion of listings have undergone price adjustments exceeding 5%

## Future Market Outlook

### Short-term Projections
– Anticipated continuation of modest price appreciation
– Projected stability in transaction volumes
– Expected mortgage rates to stabilise between 3.75% and 4.25% into 2025

### Market Stabilisation Factors
– Rising household incomes improving affordability metrics
– Competitive mortgage market maintaining favourable lending conditions
– Balanced supply-demand dynamics supporting sustainable growth

### Risk Factors
– Global economic uncertainty potentially affecting interest rate trajectories
– Regional variations in market performance likely to persist
– Implementation of local authority tax changes affecting second home markets

## Recommendations for Market Participants

### For Sellers
– Maintain realistic price expectations
– Consider market position carefully when setting asking prices
– Prepare for longer marketing periods in certain segments

### For Buyers
– Capitalise on favourable mortgage rates whilst available
– Conduct thorough market research to identify value opportunities
– Maintain strong negotiating positions through proper preparation

## Concluding Observations

The British property market demonstrates encouraging signs of recovery whilst maintaining balanced growth dynamics. The combination of improved lending conditions, steady demand, and measured price appreciation suggests a sustainable trajectory for the remainder of 2024 and into 2025. However, success for both buyers and sellers will continue to depend upon realistic expectations and strategic approaches to market engagement.

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Property Market Update for Northamptonshire NN7

Trellows Market Update

Property Market Update for Northamptonshire NN7

The property market in Northamptonshire NN7 has seen significant activity and fluctuations over the past year. Let’s delve into the data to understand the trends and dynamics shaping the housing landscape in this area.

Average Property Prices

Properties in NN7 have shown resilience in terms of their average prices over the last year. The overall average price stood at £405,037, showcasing stability despite various market pressures.

Property Types and Prices

The market in NN7 exhibits diversity in property types, catering to different preferences and needs. Here’s a breakdown of average prices based on property types:

– **Detached Properties**: The majority of sales in NN7 were detached properties, commanding an average price of £544,201. This suggests a preference for spacious and standalone homes in the area.

– **Semi-Detached Properties**: Semi-detached properties also saw healthy demand, with an average price of £310,951, making them an attractive option for buyers seeking a balance between space and affordability.

– **Terraced Properties**: Terraced properties, while generally more affordable, still fetched a respectable average price of £258,287, appealing to those looking for compact and cosy living spaces.

Market Performance

Despite the resilience shown in average prices, the market in NN7 experienced a slight downturn compared to the previous year, with sold prices being 6% lower. However, there was an 8% increase compared to the peak prices recorded in 2021, indicating a gradual recovery and potential for long-term growth.

Market Activity

The number of properties on the market, properties sold subject to contract, and properties available paint a picture of ongoing activity and interest in the NN7 area.

– **Properties on the Market**: Currently, there are 395 properties on the market, suggesting a healthy inventory for prospective buyers to explore.

– **Properties Sold Subject to Contract**: Over the past year, 194 properties have been sold subject to contract, indicating steady transactional activity.

– **Properties Available**: With 201 properties still available, there are ample opportunities for buyers to find their ideal home in NN7.

Recent Sales

Address Bed/Type Price Date Sold Tenure
47, Oaklands, Bugbrooke, Northampton, West Northamptonshire NN7 3QU 4 bed, semi-detached £297,500 28 Feb 2024 Freehold
2, Wallwin Close, Roade, Northampton, West Northamptonshire NN7 2NA 3 bed, detached £360,000 27 Feb 2024 Freehold
9, Church Way, Grendon, Northampton, North Northamptonshire NN7 1JE 2 bed, detached £312,500 5 Feb 2024 Freehold
18, Chaplins Drive, Roade, Northampton, West Northamptonshire NN7 2PX Semi-Detached £285,000 29 Jan 2024 Freehold
4, The Green, Church Stowe, Northampton, West Northamptonshire NN7 4SN 5 bed, detached £725,000 17 Jan 2024 Freehold
8, Lancers Way, Weedon, Northampton, West Northamptonshire NN7 4PH 4 bed, terraced £230,000 17 Jan 2024 Freehold
364, Grendon Road, Whiston, Northampton, North Northamptonshire NN7 1NP Detached £505,000 16 Jan 2024 Freehold
Manor Farm, Roade Hill, Ashton, Northampton, West Northamptonshire NN7 2JH Detached £720,000 9 Jan 2024 Freehold
52, Hillside Crescent, Nether Heyford, Northampton, West Northamptonshire NN7 3LS 2 bed, detached £280,000 3 Jan 2024 Freehold
22, Main Road, Hackleton, Northampton, West Northamptonshire NN7 2AB Terraced £225,000 3 Jan 2024 Freehold
4, Laddermakers Yard, Bugbrooke, Northampton, West Northamptonshire NN7 3RG Detached £600,000 19 Dec 2023 Freehold
7, Garners Way, Harpole, Northampton, West Northamptonshire NN7 4DN 3 bed, flat £320,000 18 Dec 2023 Freehold
11, Harmans Way, Weedon, Northampton, West Northamptonshire NN7 4PB 3 bed, semi-detached £212,500 15 Dec 2023 Freehold
51, Salcey Avenue, Hartwell, Northampton, West Northamptonshire NN7 2HQ 3 bed, semi-detached £260,000 15 Dec 2023 Freehold
3, Walkers Way, Roade, Northampton, West Northamptonshire NN7 2GA Semi-Detached £310,000 15 Dec 2023 Freehold
Wisteria House, 1, Kings Lane, Flore, Northampton, West Northamptonshire NN7 4LQ Detached £250,000 11 Dec 2023 Freehold
14, The Banks, Hackleton, Northampton, West Northamptonshire NN7 2AF 3 bed, semi-detached £220,000 8 Dec 2023 Freehold
Hilltop, Roade Hill, Ashton, Northampton, West Northamptonshire NN7 2JH 4 bed, detached £586,500 8 Dec 2023 Freehold
16, Bedford Road, Denton, Northampton, West Northamptonshire NN7 1DR 4 bed, detached £710,000 1 Dec 2023 Freehold
8, Dukes Green Road, Kislingbury, Northampton, West Northamptonshire NN7 4AX 4 bed, semi-detached £370,000 30 Nov 2023 Freehold

Conclusion

In conclusion, the property market in Northamptonshire NN7 exhibits resilience and diversity, offering a range of properties to suit varying preferences and budgets. Despite minor fluctuations, average prices have remained stable, indicating a robust market with potential for growth. With ample inventory and ongoing activity, NN7 presents an attractive opportunity for both buyers and sellers in the housing market.

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Northamptonshire NN17 Property Market Update – August 2023

Trellows Market Update

Northamptonshire NN17 Property Market Update – August 2023

**Exploring House Prices in NN17: A Year in Review**

If you’re keeping an eye on the property market, specifically in the NN17 area, you’re in for an interesting read. Over the past year, the housing landscape has seen some notable shifts, and we’re here to break it down for you. From average prices to property types, we’ve got the scoop on all things real estate in NN17.

**Average House Prices: A Snapshot**

Properties in NN17, North Northamptonshire, have been making headlines, with an overall average price of £255,488 recorded over the last year. This figure is a crucial indicator of the region’s real estate market health and can provide valuable insights for both buyers and sellers alike.

**Diverse Property Types and Their Prices**

One intriguing aspect of NN17’s real estate scene is the variety of property types available. Here’s a breakdown of the average prices for different property types:

– Semi-Detached Properties: The semi-detached properties have clearly been in demand, with an average selling price of £230,431. These homes offer a balance of space and privacy, making them a popular choice among buyers.

– Terraced Properties: Terraced properties also saw a fair share of attention, selling for an average price of £222,455. These homes often boast cozy layouts and a strong sense of community.

– Detached Properties: The detached properties take the spotlight with an average price of £422,549. These spacious and independent homes come at a premium but offer unparalleled privacy and comfort.

**Market Trends and Insights**

Zooming out for a broader view, the sold prices in NN17 over the last year have shown a 2% increase compared to the previous year. What’s even more impressive is that these prices have risen by 6% since the peak in 2020 when they reached £240,041. These trends reflect the dynamics of the housing market, indicating the area’s desirability and potential for value appreciation.

**Behind the Numbers: Notable Sales**

Let’s delve into some intriguing real-life examples of properties sold in NN17 over the past year:

– **122, Stephenson Way, Corby, North Northamptonshire NN17 1DE**
A 3-bedroom semi-detached property that changed hands for £133,000 on 14 June 2023. It had previously sold for £74,000 on 5 December 2003.

– **4, Lindersmith Close, Weldon, Corby, North Northamptonshire NN17 3ND**
This semi-detached property fetched £117,000 on 2 June 2023. While no other historical records are available, the property stands as a testament to the evolving market.

– **29, The Brontes, Corby, North Northamptonshire NN17 2NH**
A 2-bedroom terraced property, sold for £190,000 on 2 June 2023. Its history includes previous sales of £97,000 on 10 September 2007 and £82,500 on 18 November 2005.

These transactions provide a glimpse into the range of properties available in NN17 and the diversity of their prices.

**Closing Thoughts**

As we wrap up this exploration of house prices in NN17, it’s clear that the area’s real estate market is vibrant and evolving. With a mix of property types and a consistent trend of increasing prices, NN17 proves to be an intriguing destination for both homebuyers and investors. Whether you’re looking for a cozy terraced property, a spacious detached house, or a semi-detached gem, NN17 has something for everyone in the dynamic world of real estate. Stay tuned for more updates as the market continues to unfold its story.

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Property Market Update – Berkshire August 2023

Trellows Property Market Update

Property Market Update – Berkshire August 2023

**Exploring House Prices in Berkshire: A Year of Trends and Transactions**

When it comes to the real estate market, numbers tell a story of their own. In Berkshire, a picturesque county in the heart of England, house prices have been painting an intriguing picture over the past year. From soaring detached properties to charming terraced homes, the landscape of the Berkshire housing market has seen its fair share of ups and downs. Let’s dive into the data to understand the trends and transactions that have unfolded in this charming corner of the country.

**Average Prices and Property Types**

Berkshire, known for its historical significance and stunning landscapes, has been a hotspot for homebuyers and investors alike. The past year witnessed an overall average property price of £543,680 in the county. But that’s just the tip of the iceberg. Delving deeper, we find that the majority of transactions involved detached properties, which fetched an impressive average price of £911,087. Semi-detached homes followed suit, with an average price of £503,728, while the quaint terraced properties garnered a respectable average of £416,907.

**Year-on-Year Growth and Peaks**

The Berkshire housing market hasn’t been idle. Over the last year, sold prices surged by 4% compared to the previous year’s figures. And for those keeping track of historical milestones, this surge was an 11% leap from the peak prices recorded in 2020, which stood at £489,743. This upward trajectory signifies the resilience and desirability of properties within this charming county.

**Spotlight on Transactions**

Behind every price tag lies a unique story, a history of transactions that have shaped the landscape of Berkshire. Let’s take a peek at some notable transactions that have transpired recently:

1. **7, Gwyns Piece, Lambourn, Hungerford, West Berkshire RG17 8YZ**
– Property Type: 4 bed, detached
– Price: £345,000 (Sold on 22 Jun 2023, Freehold)

2. **3, Sunray Estate, Sandhurst, Bracknell Forest GU47 8EQ**
– Property Type: 3 bed, detached
– Price: £540,000 (Sold on 21 Jun 2023, Freehold)

3. **39, Guildford Road, Chertsey, Surrey KT16 9BH**
– Property Type: 1 bed, terraced
– Price: £245,000 (Sold on 19 Jun 2023, Freehold)

… and the list goes on, with each address telling a tale of its own.

**A Glimpse into the Future**

As we peer into the future of Berkshire’s real estate market, one thing remains clear: the allure of this county continues to capture the hearts and wallets of buyers and investors alike. With its mix of property types and steady growth, Berkshire is undoubtedly a region to watch closely. As trends evolve and transactions unfold, the housing market here promises to be a journey of both history and opportunity.

In conclusion, the house prices in Berkshire have had an eventful year, marked by rising averages, diverse property types, and intriguing transactions. With growth surpassing historical peaks, the Berkshire housing market is a testament to the enduring charm and value of properties in this English county. Whether you’re a seasoned investor or a hopeful homeowner, Berkshire’s real estate landscape offers a canvas of possibilities waiting to be explored.

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Northamptonshire Property Market Update – August 2023 NN16

Trellows Market Update

Northamptonshire Property Market Update – September 2023 NN16

**Exploring House Prices in NN16: A Year in Review**

Are you curious about the real estate landscape in NN16? Well, you’re in luck! In this blog post, we’ll dive into the intricacies of property prices, trends, and recent sales in this area. Whether you’re a potential buyer, seller, or just a keen observer, let’s uncover the insights together.

**A Glimpse at NN16 House Prices**

Over the past year, NN16 has seen a dynamic real estate market with properties boasting an average price of £226,892. This figure serves as a testament to the area’s attractiveness and the demand for its homes.

**Variety in Property Types**

Within the NN16 area, the property landscape is diverse, catering to a range of preferences. Throughout the last year, terraced properties have been the stars of the show, selling at an average price of £203,505. Not far behind, semi-detached properties have fetched an average of £244,871, while the allure of detached properties has seen them command an impressive £343,490.

**An Upward Trend**

The NN16 property market has been on an upward trajectory, evident from the 11% increase in sold prices compared to the previous year. Additionally, there’s been a noteworthy 20% surge from the peak price of £188,999 in 2020. These figures not only indicate a healthy market but also reflect the desirability and value appreciation of properties in NN16.

**Snapshot of Recent Sales**

Let’s take a closer look at some of the recent property sales in NN16:

1. **Flat 52, Oaktree Court, George Street**
– Property Type: 2 bed, flat
– Price: £120,000 (Sold on 6 Jun 2023, Leasehold)
– Additional Records: £120,000 (18 Sep 2014, Leasehold), £125,000 (24 Sep 2010, Leasehold)

2. **57, Masefield Road**
– Property Type: 2 bed, semi-detached
– Price: £196,000 (Sold on 2 Jun 2023, Freehold)
– Historical Records: £150,000 (31 Oct 2019, Freehold)

3. **35, Eden Street**
– Property Type: 3 bed, semi-detached
– Price: £240,000 (Sold on 2 Jun 2023, Freehold)
– Historical Records: £97,000 (6 Apr 2004, Freehold)

…and the list goes on.

**Conclusion**

The NN16 real estate market has shown resilience and growth over the past year, with a diverse array of properties catering to various preferences. From terraced to semi-detached and detached properties, the market has something for everyone. The upward trend in prices highlights the appeal and value appreciation of homes in NN16, making it an area to watch for both buyers and sellers.

As the real estate landscape continues to evolve, it’s essential to stay informed about local trends and recent sales. Whether you’re considering a property purchase or just intrigued by the dynamics of the market, NN16’s housing story is one of steady growth and promise.

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Property Market Update – Leicestershire August 2023

Trellows Property Market Update

Property Market Update – Leicestershire August 2023

**Exploring House Prices in Leicestershire: A Snapshot of the Market**

Are you curious about the property market in Leicestershire? Whether you’re a potential buyer, seller, or just an avid observer of real estate trends, understanding the current state of house prices can provide valuable insights. In this blog post, we’ll take a closer look at the recent trends and notable transactions in Leicestershire’s housing market.

**Average House Prices in Leicestershire**

Over the past year, properties in Leicestershire have exhibited interesting price dynamics. The average price for properties in the region settled at approximately £275,284. This number serves as a broad indicator of the market’s health and can help potential buyers and sellers gauge their expectations.

**Property Types and Their Prices**

Property types play a significant role in shaping the real estate landscape, and Leicestershire is no exception. Let’s break down the average prices based on different property types:

1. **Semi-Detached Properties:** Semi-detached properties were the dominant choice among buyers in the past year. The average price for a semi-detached property in Leicestershire stood at £253,827.

2. **Terraced Properties:** Terraced properties, known for their charming character, commanded an average price of £204,217. These homes often offer a mix of history and functionality.

3. **Detached Properties:** If you’re seeking more space and privacy, detached properties might be your preference. On average, these homes fetched a higher price of £416,012.

**Noteworthy Transactions**

Let’s delve into some specific property transactions that occurred recently, offering a glimpse into the diversity of the market:

1. **17, Barlestone Drive, Hinckley:** This 3-bedroom detached property changed hands for £320,000 on June 20, 2023. The property provides freehold ownership, making it an attractive prospect for homeowners.

2. **67, Chepstow Road, Corby:** A detached property with historical records dating back to 2006, this residence was sold for £380,000 on June 20, 2023. Its freehold status adds to its appeal.

3. **1, Parkers Close, Blackfordby:** For those seeking a detached property with 2 bedrooms, this home was sold for £182,500 on June 19, 2023. Its freehold ownership adds to its appeal.

4. **95, Lavender Avenue, Coventry:** A terraced property offering historical records dating back to 2012, this residence was sold for £260,000 on June 19, 2023. Its freehold status adds to its appeal.

5. **6, Warmsley Avenue, Wigston:** This 3-bedroom semi-detached property, boasting a history dating back to 1999, changed hands for £266,000 on June 19, 2023.

**Final Thoughts**

As evident from these recent transactions, Leicestershire’s housing market is diverse and dynamic. Whether you’re interested in the classic charm of terraced properties, the space offered by detached homes, or the practicality of semi-detached residences, the market has something for everyone. Understanding the trends and prices in the market can provide a solid foundation for making informed decisions, whether you’re a buyer, seller, or just a keen observer of real estate developments. Keep an eye on these trends as they evolve, and who knows, your dream home might be just around the corner in the beautiful region of Leicestershire.

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Northamptonshire Property Market Update – August 2023 NN15

Trellows Market Update

Northamptonshire Property Market Update – August 2023 NN15

 

**Introduction**

In this blog post, we will take a closer look at the housing market in NN15, a region in North Northamptonshire. Over the last year, NN15 has seen a notable rise in property prices. We’ll explore the overall average house price, the types of properties that were popular among buyers, and some specific sold properties to get a better understanding of the current state of the housing market in NN15.

**NN15 House Price Overview**

Properties in NN15 have experienced a significant increase in value over the past year. The overall average price of properties in NN15 during this period was £290,641. This represents a 7% increase compared to the previous year and an impressive 13% increase from the 2018 peak of £257,198.

**Property Types and Average Prices**

The majority of sales in NN15 over the last year were semi-detached properties, which sold for an average price of £256,559. Detached properties were the most expensive, with an average selling price of £391,096. Terraced properties, on the other hand, had an average selling price of £221,527.

**Sold Properties**

Now, let’s take a look at some specific properties that were sold in NN15 recently:

Date Sold Property Address Property Type Sale Price (£) Tenure
12 May 23 47, Merrivale Close, Kettering, NN15 6FY 3 bed, terraced £250,000 Freehold
11 May 23 5, Lily Close, Burton Latimer, NN15 5GD 1 bed, flat £152,000 Freehold
5 May 23 1, West Furlong, Kettering, NN15 7LF 2 bed, detached £350,000 Freehold
5 May 23 89b, Northampton Road, Kettering, NN15 7JZ 3 bed, detached £455,000 Freehold
5 May 23 12, Wilkie Close, Kettering, NN15 7RD Detached £440,000 Freehold
5 May 23 27b, Virginia Crescent, Burton Latimer, NN15 5GB Semi-Detached £219,950 Freehold
5 May 23 52, Greenfield Avenue, Kettering, NN15 7LL 3 bed, semi-detached £260,000 Freehold
28 Apr 23 37, Ise Road, Kettering, NN15 7DT 3 bed, semi-detached £275,000 Freehold
28 Apr 23 31, Deeble Road, Kettering, NN15 7AB 3 bed, semi-detached £212,000 Freehold
28 Apr 23 16, Riverview, Burton Latimer, NN15 5PP Detached £600,000 Freehold
27 Apr 23 7, Buckingham Court, Kettering, NN15 6GF 6 bed, detached £625,000 Freehold
27 Apr 23 90, The Oval, Kettering, NN15 6BA 3 bed, semi-detached £195,000 Freehold
24 Apr 23 51, Gotch Road, Barton Seagrave, NN15 6UF 2 bed, semi-detached £126,704 Freehold
21 Apr 23 20, Larch Road, Kettering, NN15 7BH 3 bed, semi-detached £258,000 Freehold
21 Apr 23 40, Belvoir Drive, Barton Seagrave, NN15 6RB 3 bed, semi-detached £306,000 Freehold
20 Apr 23 40, Milldale Road, Kettering, NN15 6QD 3 bed, terraced £320,000 Freehold
20 Apr 23 4, Clive Close, Kettering, NN15 5BQ 2 bed, detached £325,000 Freehold
14 Apr 23 39, Rydalside, Kettering, NN15 7DR 3 bed, semi-detached £330,000 Freehold
14 Apr 23 49, Finedon Street, Burton Latimer, NN15 5SB 2 bed, terraced £182,000 Freehold
14 Apr 23 2, Sussex Road, Kettering, NN15 6JX 2 bed, semi-detached £220,000 Freehold
11 Apr 23 18, Yateley Drive, Barton Seagrave, NN15 6BN 5 bed, detached £475,000 Freehold
11 Apr 23 14, Fitzwilliam Drive, Barton Seagrave, NN15 6RG 3 bed, semi-detached £265,000 Freehold
6 Apr 23 59, St Catherines Road, Kettering, NN15 5EN 2 bed, semi-detached £260,000 Freehold
6 Apr 23 5, St Chads Close, Kettering, NN15 5HU 3 bed, semi-detached £285,000 Freehold
6 Apr 23 30, Wheatfield Drive, Burton Latimer, NN15 5YL 3 bed, terraced £295,000 Freehold

**Conclusion**

The housing market in NN15 has shown remarkable growth over the last year, with average property prices surging by 7% from the previous year and 13% from the 2018 peak. The popularity of semi-detached properties among buyers has contributed to their higher average selling price compared to terraced properties. Detached properties, while being the most expensive, have also seen strong demand.

As the market continues to evolve, it is essential for prospective buyers and sellers to keep a close eye on these trends to make informed decisions. Whether you’re looking to purchase your dream home or sell your property in NN15, understanding the market dynamics is crucial.

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Trellows Property Market Update – Cambridgeshire July 2023

Trellows Property Market Update

Trellows Property Market Update – Cambridgeshire July 2023

**House Prices in Cambridgeshire: A Look at the Market Trends**

Cambridgeshire, known for its prestigious universities, picturesque countryside, and vibrant cities, has become a desirable location for property buyers and investors. As the region continues to attract people from all walks of life, let’s take a closer look at the current house prices in Cambridgeshire and the trends that have shaped the market over the last year.

**Overall Average Price**

Over the past year, properties in Cambridgeshire had an overall average price of £376,949. This figure encompasses various types of properties, ranging from detached houses to flats, and provides a general understanding of the region’s property market.

**Detached Properties**

Detached properties have dominated the market in Cambridgeshire, with the majority of sales falling under this category. The average price of a detached house in the region was £515,434 over the last year. These spacious and independent homes have proven to be popular among buyers seeking privacy and ample living space.

**Semi-Detached Properties**

Semi-detached properties, another sought-after choice for families and first-time buyers, had an average selling price of £338,312. These homes offer a good compromise between affordability and space, making them a practical option for many buyers.

**Terraced Properties**

Terraced properties, often offering a charming and compact living space, had an average selling price of £306,726 in Cambridgeshire. These homes can be a great choice for buyers seeking a sense of community and a central location.

**Market Trends**

The property market in Cambridgeshire experienced significant growth over the last year. Sold prices were 7% higher compared to the previous year, showcasing a strong demand for properties in the region. Moreover, prices were up by an impressive 14% when compared to the 2020 peak of £330,837, indicating a sustained upward trend in property values.

**Noteworthy Sales**

Let’s take a look at some notable property sales in Cambridgeshire:

Date sold Property Address Property Type Sale Price (£) Tenure
23 May 2023 25, The Oaks, Soham, Ely, Cambridgeshire CB7 5FF Detached £625,000 Freehold
19 May 2023 93, Appletrees, Bar Hill, Cambridge, Cambridgeshire CB23 8SW Detached £430,000 Freehold
19 May 2023 17, Star Lane, Ramsey, Huntingdon, Cambridgeshire PE26 1JJ Detached £295,000 Freehold
19 May 2023 4, Vicarage Close, Oakington, Cambridge, Cambridgeshire CB24 3AN Detached £475,000 Freehold
19 May 2023 Flat 4, The Grange, 65, High Street, Somersham, Huntingdon, Cambridgeshire PE28 3JB Flat £105,000 Leasehold
19 May 2023 15, Westhawe, Bretton, Peterborough, City Of Peterborough PE3 8BA Detached £573,000 Freehold
18 May 2023 25, Vicarage Way, Trumpington, Cambridge, Cambridgeshire CB2 9NT Detached £840,000 Freehold
17 May 2023 44, Roman Way, Godmanchester, Huntingdon, Cambridgeshire PE29 2RW Terraced £310,000 Freehold
17 May 2023 17, Weddell Road, Haverhill, Suffolk CB9 0LE Detached £330,000 Freehold
17 May 2023 8, Malting Yard, Ramsey, Huntingdon, Cambridgeshire PE26 1DL Flat £130,000 Leasehold
17 May 2023 9, Atkinson Street, Peterborough, City Of Peterborough PE1 5HW Terraced £180,000 Freehold
17 May 2023 29a, Woodpecker Way, Great Cambourne, Cambridge, Cambridgeshire CB23 6GZ Semi-detached £170,000 Leasehold
16 May 2023 37, Listers Road, Upwell, Wisbech, Norfolk PE14 9BW Detached £325,000 Freehold
16 May 2023 1, Osprey Road, Biggleswade, Central Bedfordshire SG18 8DZ Terraced £315,000 Freehold
16 May 2023 15, Bridge Road, Bedford MK42 9LJ Semi-detached £260,000 Freehold
16 May 2023 16, School Road, Terrington St John, Wisbech, Norfolk PE14 7SE Semi-detached £140,000 Freehold
16 May 2023 64, Ross Close, Saffron Walden, Essex CB11 4AY Flat £265,000 Leasehold
15 May 2023 10, Payton Way, Waterbeach, Cambridge, Cambridgeshire CB25 9NS Semi-detached £395,000 Freehold
15 May 2023 8, Mill Road, Impington, Cambridge, Cambridgeshire CB24 9PE Semi-detached £575,000 Freehold
15 May 2023 424, March Road, Turves, Peterborough, Cambridgeshire PE7 2DW Semi-detached £165,000 Freehold
12 May 2023 22, Granta Terrace, Great Shelford, Cambridge, Cambridgeshire CB22 5DJ Terraced £525,000 Freehold
12 May 2023 161, Padholme Road, Peterborough, City Of Peterborough PE1 5JA Detached £240,000 Freehold
12 May 2023 3, Pattens Close, Whittlesey, Peterborough, Cambridgeshire PE7 1FA Semi-detached £260,000 Freehold
12 May 2023 291, Arbury Road, Cambridge, Cambridgeshire CB4 2JL Detached £575,000 Freehold
12 May 2023 9, Hartley Close, Waterbeach, Cambridge, Cambridgeshire CB25 9NG Semi-detached £288,000 Freehold

 

These sales illustrate the diversity of properties available in Cambridgeshire and the varying price points in the region.

**Conclusion**

Cambridgeshire’s property market has seen impressive growth over the last year, with detached properties leading the way in terms of popularity and price. As the region continues to attract residents and investors alike, it remains an area of interest for those looking to purchase a property. Whether you’re searching for a spacious detached house or a cozy terraced home, Cambridgeshire offers a range of options to suit different preferences and budgets.