New data from Zoopla shows that a lot of people who bought a home in the last twenty years are sitting on impressive property gains. We want to have a closer look at this today because it shows how great it can be to invest in properties. Then, if you need services like block management in Richmond upon Thames, you can trust us.
The average
Amazingly, the average gain for a home in the UK in the last two decades is £80,000. House values have had massive growth of 78% in the same period. So, for the majority of people, their property is worth far more than the price they paid.
The Zoopla data shows you didn’t even need to have been in the right place at the right time twenty years ago. In the last ten years 48% of properties on average grew in price by £65,000.
Areas with the biggest growth
While average property gains of £80,000 and £65,000 sound great, some areas have seen values increase even more. Let’s look at some of them.
Not surprisingly, London is the top spot for gains. In the last twenty years the average gain for the city is £130,000-£140,000. That translates to a 71% increase. The interesting thing about London though is that it so massive and diverse. It has some of the most lucrative areas for property in the world. At the same time, there are more affordable spots.
If you are looking for the biggest gains, Richmond upon Thames was the top location. In the last two decades a massive 79.8% of homes had average gains over £225,000. That shows it was the best spot for investors. It still has plenty to offer today too, and you can come to us for block management in Richmond upon Thames and more if you need help.
Popular commuter towns near London had a really good twenty years too. This includes places like St Albans and Wokingham. The pair had over £65,000 in gains for 78% properties. Both are a doable train journey away from Central London.
Trafford also had similar levels of growth. It has become a really popular spot in the North West, particularly for people who want to be close to Manchester but not within the city.
Regions
Looking at some different regions, the south east of England has impressive gains. According to the data, 70% of homes have added over £65,000 in value. The region is also popular because it is close to London.
The average gains in other regions were lower, but there is still plenty of positivity. Wales for example had 58% of homes gaining value. Scotland had a harder time with 35%. However, it is important to remember there are some locations here where house prices lost value.
Do you want to arrange block management in Richmond upon Thames?
Finefair Ltd has one of the most impressive ranges of services for property investors in London. We can do everything, from portfolio reviews to guaranteed rent. We’ll work to find the most convenient and rewarding solutions for your assets.
So, if you want block management in Richmond upon Thames or other services for different parts of the city, you can speak to us. We’ll help you get impressive returns for your assets.
