Are you moving to Waltham Abbey? Or maybe you’re selling your Waltham Abbey property?
If so, discover how house prices in Waltham Abbey have been affected over the past few years, what to expect for your money, and if now is a good time to buy with our 2022 Waltham Abbey house price guide.
What’s happening to house prices in Waltham Abbey?
In 2021, the UK property market soared, and the number of property purchases peaked as buyers took advantage of the government’s stamp duty tax cut saving as much as £15,000.
However, the number of property sales each month is now more in-line with rates before the Covid-19 Pandemic of 2020.
House Prices in Waltham Abbey, 2022
Located on the Greenwich Meridian, Waltham Abbey benefits from easy access to central London as well as being near the stunning Epping Forest and home to historic tourist attractions such as Waltham Abbey Gardens. Waltham Abbey is also a great place to launch a business and offers a fantastic work/life balance for its residents.
According to Rightmove, properties in Waltham Abbey had an overall average price of £353, 123 over the last year. The majority of property sales in Waltham Abbey were terraced houses selling for an average price of £366,733. Semi-detached properties in Waltham Abbey sold for an average price of £423,600, and flats sold for an average price of £241,295.
Unlike the general UK property market trend, over the last year, sold prices in Waltham Abbey were actually down 11% the previous year and similar to house prices in Waltham Abbey in 2017.
What’s happening to the UK Property Market in 2022?
Over the last year and across the UK, property prices have considerably risen, partly due to the stamp duty holiday and a global pandemic causing a more unpredictable market.
The Land Registry’s UK House Price Index is based on property sale prices rather than asking prices, making it an accurate source for UK house prices. The most recent figures show that the average price of UK property increased by 12.4% year-on-year in April, reaching £281,161.
The mini-boom of 2021 means the UK property market is currently experiencing supply and demand issues According to estate agency Savills, 9 in 10 current property hunters are experiencing issues due to lack of available properties for sale. UK property experts predict house price growth will slow down as 2022 continues.
Should I move to Waltham Abbey?
Moving home to Waltham Abbey may be the best decision for you, whether you’re moving with family, moving out of London and planning to commute, or launching a start-up business in the area. When you choose to move to Waltham Abbey, you’ll benefit from fantastic transport links, stunning nature walks on your doorstep, and a desirable work/life balance.
To discover more about attractions in Waltham Abbey, check out our guide of the best things to do in Waltham Abbey and the Epping Forest District of Essex.
Move home the stress-free way with The Self Storage Company
Move home the stress-free way with The Self Storage Company in Waltham Abbey. Our convenient Essex self-storage facility offers secure home storage ideal for keeping your furniture, household items, and personal possessions clean, safe, and secure.
At The Self Storage Company in Waltham Abbey, we offer home storage units in a range of different sizes, from 10sqft to 275sqt, and can even store the entire contents of a 5-bedroom home, including the shed and garage items.
To book a self-storage unit, call our self-storage team today on 01992 666 889 or use our online booking tool to book a home self-storage unit.
Find The Self Storage Company at Cartersfield Road, Waltham Abbey, Essex, EN9 IJD.