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

Yesterday, 15:04
Locations the Kent earthquake was felt

The 4.2 magnitude earthquake that hit Kent this morning was felt in a ninth floor apartment in Romford.

Yesterday, 13:31
Richard Binder from Romford flew to Nepal to help with the rescue efforts. Picture: London Fire Brigade

A firefighter says he was “humbled” by the scene of destruction and the camaraderie he encountered while on a rescue mission in earthquake-hit Nepal.

Yesterday, 12:33
Latitude, one of the festivals in our big ticket giveaway. Picture Dan Wilton

We’re giving away a free Summer Festivals Guide with every copy of today’s Recorder.

Yesterday, 07:00
Kim Merry, provides support for people in our community that have become homeless, maybe on release from prison, maybe with addiction.
Kim with Elliott Carr, Nick Redwood, Tom Robertson, and Nick Overall.

Charity workers are warning of an impending homelessness crisis as new figures reveal Havering Council has drastically missed its housing targets.

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

You could take in stunning views of London over brunch at the Sky Garden

Celebrate lighter, brighter days with the chance of winning an indulgent brunch for two with a bottle of bubbles at Darwin, the cool and casual brasserie 36 floors up at Sky Garden.

Time to experience the dizzy heights of London's tallest attraction!

Morgan Pryce, commercial property experts based in London are offering one lucky reader the chance to win a pair of tickets to The Shard viewing platform in the city itself.

Digital Edition

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


Our trusted business finder