Last week a local resident
came into our offices in Stanstead Abbotts High
Street to discuss the rising property values in the area. He owns
a varied portfolio in Hoddesdon Stanstead Abbotts and Ware so it was
interesting to compare the increase in property values around.
Over the last 12 months, in Stanstead Abbotts, average property values have risen from £330,700 to £357,700 a rise of £27,000 or over £519 per week. When we look at some of the surrounding areas, Ware has had an increase from an average property value of £359,000 to £388,000 which is an increase of £557 per week and Hoddesdon has the had an increase in average property values from £269,000 to £302,000 which equates to £33,000 or £634 per week.
This gets even more interesting when you break down the
increase into percentages as both Ware and Stanstead Abbotts, although the amount
slightly differs, have both had an increase of a little over 8.1% over
the same 12 month period, a figure which is in line with the national average,
but Hoddesdon has had an increase of over 12.3%, That's a third more in
percentage terms but the actual average value still remains considerably less than it is in Ware
and Stanstead Abbotts.
When considering the Landlords next purchase these figures are a good indication of where to invest. It shows that in both Stanstead Abbotts and Ware the growth is steady but your initial purchase price may be higher than that of Hoddesdon where you are likely to get good value for money with the opportunity of better capital growth, however the rentals achieved may well be higher in Stanstead Abbotts and Ware.
If you are looking to invest in the local area and are looking for some free advice just give us a call or drop into our offices and we will steer you in the right direction.
When considering the Landlords next purchase these figures are a good indication of where to invest. It shows that in both Stanstead Abbotts and Ware the growth is steady but your initial purchase price may be higher than that of Hoddesdon where you are likely to get good value for money with the opportunity of better capital growth, however the rentals achieved may well be higher in Stanstead Abbotts and Ware.
If you are looking to invest in the local area and are looking for some free advice just give us a call or drop into our offices and we will steer you in the right direction.
Source—Zoopla ZED index
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I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”
