Search

Three-bed semi prices increasing year on year in Havering

15:44 26 August 2014

Estate agents boards in London. Picture: Press Association

Estate agents boards in London. Picture: Press Association

PA Archive/Press Association Images

The average cost of a three-bed semi-detached house in Havering is rising by about 17 per cent every year.

New research from Balgores Property Group shows Hornchurch homes are rising from £300k in June ‘13 to £350k a year on.

Romford homes have risen 17 pc from £240k to £280k in the same period, while Upminster has experienced a 14pc rise, from £300k to £375k.

Martin Gibbon, of the National Association of Estate Agents and group director of Balgores, commented: “Over the last few years, the age of the first time buyer has increased, now standing at an average of 36 years old.

“They are skipping the first rung of the ladder and opting for three bed semis, as by this time they tend to have families and need more space than what is offered by a typical starter home.

“Demand for properties in Havering is partly driven from buyers moving out from London.”

Read more:

House prices still rising in Havering despite London-wide drop

Feature: The ups and downs of house prices in Havering

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Romford Recorder visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Romford Recorder staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Romford Recorder account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest News Stories

7 minutes ago
Do you know this man?

Two bungling burglars broke in to a family home after climbing over a gate – directly under a CCTV camera.

11:34
A Greater Anglia train

A woman hit by a train at Romford station this morning has been taken to hospital by air ambulance.

10:49
A Greater Anglia train

Paramedics are currently treating a female who was hit by a train at Romford Station.

10:17
A Greater Anglia train

A person has been hit by a train at Romford Station.

Most read news

News from your area

WW100

Click on the banner above for full coverage of the centenary commemorations of the outbreak of the First World War.

Competitions

Two phones. Same phone case. Genius.

To celebrate the launch of the first luxury dual phone case, PearPeel, we are giving away two of the black leather Rocha cases, perfect for holding two iPhone 6 handsets.

Spruce up for spring with this beauty bundle from Justmylook!

Looking to update your look for spring? Well, you’re in luck.

Digital Edition

Image
Read the Romford Recorder e-edition today E-edition
Family Notices 24


Our trusted business finder