ON THE UP

AVERAGE HOUSE PRICE WITHIN ESSEX

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 Dunmow £332,529 £460,354 £127,825 Ingatestone £511,171 £699,640 £188,469 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

Overall £292,214 £450,868 £158,654

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 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 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 average 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 of £149,099.

With these figures it’s easy to see why investing 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 could your £307,272 property in Colchester be worth in 2030!

As seen on TV!

From falling in love & fi nding a home, to spending your time making it your own. Perhaps it’s just you & your four legged friend, or maybe you have your savings to spend. A man about town with an apartment in mind, or simply looking for a bigger fi nd.

Build your future on solid foundations

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.