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Over the last 12 months the average sales price in the Hoddesdon region was £359,661, which compares to the lower figure £336,298 across the East of England Region.
The highest value recorded sale in this area, by the Land Registry, over the past 12 months was £325,000 for a flat and £915,000 for a house. This is based on 291 completed transactions, 193 of which were Houses and 98 being Flats. This means that the average price of £452,406 for a House is up just under 13% over the last 5 Years and the average price of a Flat of £223,785 is up just under 3% for the same period.
In the last 12 months there were 756 properties listed for sale with a total of 310 properties ready to buy currently which is up 30% to 12 months ago and up 67% on a 3 year average. Crucially the average length of time to sell from a property going to market and being under offer was 45 days over the last 12 months.
As a reference, average house prices across the UK were £269,862 in October, which is 1.7% higher than a year ago. (ONS) There were 100,350 transactions in November, up 8% year-on-year (HMRC).
If you would like to know the value of your Hoddesdon Home click the link below to book a market appraisal.
Your local property experts, our advice is free but our knowledge is priceless"
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”
* figures & statistics provided by Dataloft
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