Whether you’re moving to Welwyn Garden City in Hertfordshire or selling your property, it’s important to know what you can expect to afford on the local property market. Many people choose to live in Welwyn Garden City due to its fantastic connectivity and easy commute to London, it’s also a great place to launch a start-up business, and the town planning means families benefit from green space.
Discover house prices in Welwyn Garden City and if now is a good time to buy a property with our 2022 guide to house prices in Welwyn Garden City.
What’s happening to house prices in Welwyn Garden City?
The UK Property Market has experienced a year of rising prices and competition. However, property experts expect house price growth to slow down in 2022 due to the impact of higher mortgage rates and the current cost of living on home buyers.
House Prices in Welwyn Garden City, 2022
Located 20 miles from the capital, Welwyn Garden City in Hertfordshire benefits from an easy commute to London, as well as plenty of nearby countryside and scenic parks such as Stanborough Park. As a garden city of the 1920s and a new town of the 1940s, Welwyn Garden City exemplifies the planning ideals of both times with industry, residency and agriculture all in equal measure.
According to Rightmove, properties in Welwyn Garden City had an overall average price of £406,967 over the last year. Most property sales in Welwyn Garden City were terraced houses, selling for an average price of £420,230. Semi-detached properties in Welwyn Garden City sold for £516,095 on average and flats sold for an average price of £248,980.
Over the last year, sold prices in Welwyn Garden City show a decrease of 2% from the previous year but an increase of 6% when compared to the 2018 peak of £385,585.
What’s happening to the UK Property Market?
The UK property market rocketed in 2021 as buyers made the most of the temporary stamp duty land tax cut, with some saving as much as £15,000 on their home purchase. Although property sales in the UK peaked around the stamp duty cut deadlines, the number of property sales is now more in line with pre-pandemic figures.
The Land Registry’s UK House Price Index is based on actual property sales prices rather than asking prices and is presented on a two-month lag. The most recent figures for May 2022 show that the average property price in the UK has risen by 12.8% year-on-year to reach £283,496.
Should I move to Welwyn Garden City?
When compared to the average UK house price, house prices in Welwyn Garden City are considerably more expensive. However, moving to Welwyn Garden City may be the best decision for you, whether you’re moving with family, commuting to London for work, or even launching your own start-up business in the Hertfordshire area.
Once described as ‘the perfect town’, When you choose to move to Welwyn Garden City, you’ll benefit from stunning green spaces, excellent connectivity, a pleasant work/life balance and plenty of things to do.
Take a look at our guide to the best attractions and things to do in Welwyn Garden City, Hertfordshire.
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