Brookmans Park Newsletter
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Local house prices 'up 20%'
A Brookmans Park estate agent says house prices in the area are, on average, 20 per cent up on the same time last year and that trend looks set to continue through the early part of 2000.
According to Windsors Neville Hobbs, property is selling quickly and there is a strong enquiry rate.
The demand is such that firm offers are made on properties in the area soon after they go on the market.
Properties worth £500,000 and over are most in demand and the majority of house hunters looking in the area are currently living in north London. There is also evidence of local residents looking to move to larger properties in the area.
Neville Hobbs says agents are optimistically increasing valuations based on the recent trends and the property continues to move. I hope this will not cause a lull later if prices do not rise to meet the higher valuations, he said.
As for how people can help sell their properties, the advice is that any improvements will add value to a house. What detracts potential buyers, and eventually forces down the price, are houses where any work needs to be done. Poor location is also a difficult obstacle to overcome when selling properties locally.
Windsors offers an e-mail alert service for people house hunting locally. E-mail Neville Hobbs at email@example.com and ask to be put on the mailing list. Each week you will be sent brief details of the latest properties on the market as they become available.
February 13, 2000