UK Property Values Defying Gravity

A new survey by Savills has identified the top six areas of England where property values

have continued to rise, despite a general downturn in prices across the country.

1. Kensington and Chelsea – average property value £1,127,442

Fueled by overseas buyers who are taking advantage of a weak Sterling and buoyancy in their own property markets, this super rich area of London has the highest prices in the UK and a surprisingly high level of activity.  No billionaire’s property portfolio is complete without a Chelsea mansion.

2. Oxshott, Surrey – average property value £909,241

The most expensive area outside central London, the neo-Georgian mansions and grand houses along leafy avenues are still in high demand, especially for families with school-age children.  Leatherhead, Esher and Cobham are also highly sought-after,

3. Sandbanks, Dorset – average property value £777,230

Just one kilometer wide, this spit of land jutting into Poole harbour has risen steadily up the property ratings, as wealthy families have piled in since the 1980s.  Go back a few streets from the sea and prices fall dramatically, but the magic of the coastline is intact.

4. Chelmsford, Essex – average property value £238,066

A 38 minute commute to the City, excellent schools and a shortage of available property has kept this Essex market town in demand.  Young families enjoy the manageable size of the town, while retirees escape to the coast, where the semi-island of Mersea is a popular spot.

5. Harrogate, Yorkshire – average property value £245,840

Well-to-do, festooned with gardens, populated by polite and helpful folk, Harrogate represents the best of Yorkshire and has consequently above average prices.  Its schools perform at the very top of the league tables and its orchestra is apparently magnificent.

6. Winchester, Hampshire – average property value £342,140

With its elegant cathedral, august public school, plethora of young families and easy access to lovely countryside (The New Forrest, The Isle of Wight), Winchester is deservedly popular with home buyers.  It’s a win-winchester situation.

If you are interested in finding our how much your house is worth, we recommend that you start by getting a free online house valuation from Zoopla.