call-to-action call-to-action-mobile

Demand for family homes is driving price rise, as ONS announces 8.5% annual increase

Mon 22 Feb 2021

Three-to-four-bedroom family homes slightly out of Leamington town centre have seen the biggest price rises over the past year according to ehB Residential.

Mid-market semis are the most sought-after properties, with supply falling way short of demand, says the agency.

The news comes as the Office for National Statistics reveals prices rose across the UK by 8.5% on average during 2020. The West Midlands region rose by around 9%, compared with London, whose growth was just 3.5%.

And demand for such properties is still strong despite the imminent end of the stamp duty holiday next month.

ehB Residential office manager Clive Thompson said that, while demand for houses in the million-pound bracket has been phenomenal, the biggest price growth has been seen in the mid-market.

“It's in the £325,000 to £550,000 area that we’re seeing the biggest growth. Demand is incredibly strong. In fact, we can't get enough of these houses.  Those which, for example would have sold a year ago for £350,000 are going for £380,000 now.  The homes formerly in the £380,000s are now selling for £415,000 plus. First time sellers are moving into their first family home and those upgrading from a standard three-bedroom semi are looking at an extended three-bedroom or a four-bedroom alternative.

“In terms of location the ones selling really well are semis and detached houses slightly out of the town centre in areas such as Lillington, Whitnash and Cubbington, Victorian and Regency properties in the £400,000 to £800,000 bracket in Milverton and established town centre locations.”

One factor behind price rises in this sector is the traditional issue of supply and demand.

“With so many people working from home and space needed for children to be home-schooled, there is huge demand for houses which will comfortably accommodate all family members. This means that for those who own such properties and are looking to move, now is a good time to sell. There are simply too few to go around and with demand so high it’s likely to achieve a healthy price.”

"It has truly been a pleasure dealing with your colleagues who assisted in our purchase of 23 Beverley Road and the sale of 39 Brookhurst Road. This customer experience (including when we purchased 39 Brookhurst Court last year) has undoubtedly given us the confidence to approach eHB for our future real estate needs. We would like to express our sincere gratitude to Clive, Juliana, Chris and Louise. They were polite and courteous and we were very pleased with the level of professionalism and strong work ethic that they demonstrated at all times. In our experience, we found eHB working to a very high standard of customer care and this, we believe, is the key differentiator that must be maintained by successful companies in a competitive market. Clive, Juliana and Chris invested time in learning about our particular needs and they impressed us with their strong dedication to customer service. Their relaxed and informative style gave us the confidence that our sale and purchases were in safe hands from the outset and, of course, we are totally happy with the outcomes. In particular, they were diligent and meticulous in their approach and we found this to be very reassuring indeed. Your colleagues did an excellent job. We would be grateful if you could convey our heartfelt thanks and appreciation to Clive, Juliana, Chris and Louise. Well done! Kind regards Mushy & Laraine "
Mushy & Laraine

News Archive

July 2021

End of stamp duty does nothing to dampen the appetite to move home

June 2021

Families looking for ‘the right home’ not deterred by end of stamp duty holiday

May 2021

Leamington estate agency calls for more properties amid 7.1% house price rise

April 2021

Demand outstrips supply as March date sees highest property sales in a decade

February 2021

Demand for family homes is driving price rise, as ONS announces 8.5% annual increase

ehB Residential co-founds new local portal for property searchers

No slowdown in demand for million-pound properties

Show apartments at Victoria Point offer ‘a room with a view’ over Victoria Park

January 2021

Early signs for 2021 property market look promising

Brexit deal, vaccine and lockdown are fuelling house moves

December 2020

Why not move to Leamington Spa? It’s officially the UK’s third happiest town

November 2020

Covid mega lab announcement puts Leamington on the house hunting map for biomedical and data scientists

Demand for family homes continues as Leamington named third happiest town in UK

Developer creates large luxury homes for people who don’t like gardening

Explosion in demand for family homes sees sales double at ehB Residential

October 2020

ehB Residential welcomes government pledge to help first time buyers

ehB celebrates a record breaking summer with our lettings department

September 2020

Million-pound townhouses offer Scandi-style living in Regency theme park

Leamington developer makes showhome video to help overseas or quarantined buyers

Open day offers chance to view contemporary townhouses in Regency setting

Desire for new lifestyle post Covid is driving price rises in Leamington

July 2020

Covid crisis sees airbnb landlords switch to longer term rentals, says estate agency ehB

ehB Residential welcomes stamp duty holiday

February 2020

ehB helps Milverton youngsters raise cash for playground equipment

ehB wins gold award for being best lettings agent in Leamington

We would like to take this opportunity to reassure all of our clients
- sellers, landlords, buyers and tenants that we are taking all reasonable
steps to protect the health of our clients and our team during the Covid -19
Outbreak. We are following the government and industry guidelines to estate
agents and lettings agents, and are conducting viewings and valuations in
person wearing suitable protection to include facemasks and gloves. We are
also available to offer virtual viewings and valuations should you require that
service. We would be happy to discuss these measures with you further should
you require any further information.
 
Leamington Office 01926 881144 or info@ehbresidential.com
Warwick Office 01926 499540 or warwick@ehbresidential.com
Covid-19 Information Hide