PropertyInvesting.net: property investment ideas, advice, insights, trends
Propertyinvesting.net: Property Investment ideas, advice, insights, trends

PropertyInvesting.net: Property Investment News

 Property News

more news articles...

Average house prices in Merton at nearly 400,000


03-06-2014

 

News  By Becky Middleton, Chief Reporter 

Wimbledon Guardian: The average house price in Merton is now nearly 400,000.

Wimbledon Guardian: The average house price in Merton is now nearly 400,000.


The average house price in Merton is now nearly 400,000.

The average house price in Merton is now nearly 400,000 according to the latest Land Registry figures.

A home in the borough comes in at an average of 391,353- an increase of 10.6 per cent on last year, and 1.1 per cent up from last month.

This is compared to neighbouring boroughs Wandsworth, 498,236 and Kingston Upon Thames 356,037.

But that seems like small change in comparison to former home of Henry VIII, put on the market for a cool 26m last year making it the most expensive property to ever be offered for sale in the borough at the time.


According to the figures, the average price of property in the capital is 409,881 in comparison with the average for England and Wales of 168,356.

The 10.6 per cent hike is a surprise to one estate agent in the borough - surprising it is not higher.

Adam Cole, of Drury & Cole in Tudor Drive, Morden, said: "I am surprised it is not a higher increase, we have seen a greater increase than that in our area in the last year.

"I would say it is because of a massive demand.

"People weren't moving in the recession, now they are."

Mr Cole said they had seen a surge of people being priced out of Wimbledon and Raynes Park and buying properties in Morden.

www.wimbledonguardian.co.uk

 

back to top

Site Map | Privacy Policy | Terms & Conditions | Contact Us | ©2018 PropertyInvesting.net