House prices: Villages where value of property has risen by up to 92 percent over Covid
HOUSE prices have been at the mercy of the market responding to Brexit and the coronavirus pandemic. As such there been some surprises recently.
By EMILY HODGKIN
House prices: Village where property value has risen amid coronavirus pandemic (Image: GETTY)
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Malborough, a village in South Hams, has seen average house prices rise by 92 percent in only a year. The Devon village has been a tourist favourite for years.
In November 2021 the average home there was worth £450,275.
Estate agent Savills listed 10 villages where prices rose more than 50 percent in the past year.
The boom reflects the trend of Britons heading to the country as mostly began working from home during the lockdown.
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Such conditions had homeowners longing for more space and larger homes, which can often be found in the countryside.
Which villages have seen the highest increase in price?
- Marlborough, South Hams - 92.1 percent house price increase
- Bisley-with-Lypiatt, Stroud - 71.5 percent house price increase
- Brasted, Sevenoaks - 58.8 percent house price increase
- Shipton-under-Wychwood - 58.7 percent house price increase
- Blockley, Cotswold - 55.4 percent house price increase
- Marcham, Value of White House - 51.8 percent house price increase
- Watton-at-Stone, East Hertfordshire - 51.7 percent house price increase
- Thakeham, Horsham 51.4 percent house price increase
- Wanborough, Swindon - 51.0 percent house price increase
- Boldre, New Forest - 50.7 percent house price increase
In Bisley-with-Lypiatt, in Stroud, Gloucestershire, the average price of a property has risen from £462,163 to £792,500 in the time period.
In Brasted, Kent, values rose from £697,872 to £1,108,002.
Savills did note the limited number of properties available in these areas has an inflating effect on house prices.
Follow the trend of an exodus to the countryside, houses with a good view of the sea have become even more valuable.
House prices: Marlborough in South Hams has seen average house prices rise by 92 percent (Image:
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A seaside view now adds £86,000 to the price of a property.
This is an increase of almost £19,000 in one year.
The average cost of a house with a sea view is £368,278.
Other towns have become unlikely selling hotspots too.
Zoopla has found the fastest-selling hotpots with commuter town Wigan at the top.
House prices: Boom reflects the trend of Britons heading to the country during lockdown (Image: GETTY)
Barnsley and Rotherham, commutable to Sheffield, are in the top 20, as are towns near Liverpool and Leeds.
Coastal areas and the South East are also picking up, according to Zoopla.
For those looking to benefit from the stamp duty holiday, the top 20 fastest areas may be a safer bet.
Gráinne Gilmore, of Zoopla, said: "We have observed the time taken to sell a home changing in many areas during the Covid-19 pandemic. While the number of days it takes between listing a property to agreeing a sale in one of the traditionally fastest-moving moving markets such as Manchester, Liverpool and Sheffield has stayed the same, sellers in some adjacent areas may now see their properties selling just as quickly.