B E R ES FO R D S M A G A Z I N E
ON THE UP!
Overall % increase in 10 years
54.2%
PROPERTY MARKET PRICE INCREASES 2020 saw an incredibly active market within the property sector and with the welcome boost after the first lockdown in the form of
ON THE UP!
the stamp duty holiday, we saw vast levels of business across the group with many people spurred on to make the saving. As such, the increase in demand has certainly had a positive
AVERAGE HOUSE PRICE WITHIN ESSEX
impact on property prices across the board. We’re taking a look at how prices have changed dramatically over the last 10 years and how investing in property could be one of the soundest and in many cases, most lucrative option. As you will see from the chart, across Essex alone, property prices have increased on av-
Branch
2010
2020
Difference
Billericay
£312,824
£486,849
£174,025
Braintree
£233,065
£344,146
£111,081
Brentwood
£348,591
£520,862
£172,271
Chelmsford
£286,087
£435,185
£149,099
Colchester
£210,836
£307,272
£96,437
Gidea Park
£241,896
£397,196
£155,300
Harold Wood
£198,323
£346,319
£147,996
Hornchurch
£249,268
£402,150
£152,882
of £149,099.
Dunmow
£332,529
£460,354
£127,825
Ingatestone
£511,171
£699,640
£188,469
With these figures it’s easy to see why investing
Maldon
£244,651
£382,651
£138,000
Shenfield
£403,137
£643,723
£240,586
Upminster
£311,015
£503,477
£192,463
Witham
£253,378
£409,891
£156,513
Writtle
£246,448
£423,310
£176,863
could your £307,272 property in Colchester be
Overall
£292,214
£450,868
£158,654
worth in 2030!
B E R E S FO R D S . C O.U K
38
erage by £100,000 over the last decade. This is an excellent example of capital growth which could make purchasing a property and retaining it a very good idea. In Chelmsford alone, if you purchased a property at £286,087 in 2010, the price in 2020 would be £435,185 which makes equates to a monetary increase
in property can be so profitable. Plus, you have multiple options including buying to let which will give you a continuous income stream, selling on or handing the property over to your children in years to come! Just think, what
