Brentwood leads climbing commuter house prices

Brentwood is leading the climb in house prices across the UK’s commuter hotspots.

According to Land Registry data, in the 12 months to September, average prices of all London property types rose by 11 per cent – outpacing the 10 per cent chalked up in South East England. But big discrepancies opened up across the Home Counties, with a number of commuting hotspots outstripping the growth recorded in the capital.

Garrington has identified the Home Counties’ top 10 hotspots, with Brentwood in Essex top of the taple. With prices rocketing by 16 per cent a year, an average semi-detached home in the town, which is 35 minutes to London by train, appreciated by £64,289 in the 12 months to September – enough to buy 19 years’ worth of rail season tickets at today’s prices.

Canterbury in Kent saw similarly dizzying rates of price growth (16 per cent) with an average terraced house in the city rising in value by £35,899, enough to pay four terms’ worth of fees at The King’s School – founded in 597 and thought to be England’s oldest school.

Meanwhile detached homes in Hertford rose in value by 15 per cent – with their average gain of £83,553 being enough to snap a brand new Range Rover Vogue SE. In Theresa May’s constituency of Maidenhead, detached homes in the Berkshire town piled on £91,131 in a year, enough for two and a half years of fees at the alma mater of the Prime Minister’s predecessor, nearby Eton College.

Jonathan Hopper, managing director, buying agents Garrington Property Finders, comments: “Every year tens of thousands of Londoners move out of the capital to the surrounding commuter belt, driven by a desire for better value, more space and a wider choice of schools. But in addition to the usual shopping list for would-be commuters – good transport links, good schools and so on – many buyers will also have one eye on the potential for price growth when choosing a location.”

Photo: Jay Jerry

Comments

comments