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Brookmans Park house prices rise

House prices in Brookmans Park have risen by seven per cent since the beginning of the year according to local estate agent Windsors.  This is against a national average increase of just over eight.  Despite the rise in prices, sales are up on the same period last year. 

According to Neville Hobbs of Windsors Estate Agents on Bradmore Green, there is a steady increase in demand to match the increase in sales and prices.

Buyers are apparently particularly on the look out for properties in prime locations with potential for development.  Most of the people wanting to move to Brookmans Park come from areas of North London and Enfield with the postcodes N14, N21, N20, EN1 and EN4 being the most regular postal codes of those searching for homes in the area.

The main reason given for wanting to move to the area are the two schools, Brookmans Park Primary and Chancellor’s secondary. Easy access to London is another main reason along with the financial investment of property in this area.

Neville Hobbs says there is still a status factor with people wanting to move to Brookmans Park because it is seen to be a high quality area. He says people are keen to find properties which need ‘doing up or fixing’, and all area looking for bargins, which he says don’t exist.

Key selling points are the potential in the property for development and large gardens. Swimming pools, he says, are not an asset.

According to the latest Halifax survey, the monthly house price index rose by a seasonally adjusted 2.2% in July, giving a yearly rate of 8.2%. This is the highest annual level of house price inflation since December 1996.

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