26 February 2019

BH23 Vendors – Do You Know Local Property Prices?

Posted by: IanWatson

When it comes to making a move in the property market, you need to know what the local property prices are. This information provides you with a starting point and at Mitchells Estate Agents, we are here to ensure you know local property prices in the BH23 postcode area.

In figures provided by Zoopla, the average price paid for property in BH23 in the past 12 months stands at £391,273 while the average value for BH23 property was listed as £400,906. This represents a value change of £6,182 in the past 12 months, which is an increase of 1.57%.

Given the challenges the property market has faced in the past year, the BH23 market has been more robust than many markets.

You need specific information for the local market

While it is interesting to know average prices and values for an area, if you are looking to make a move, you need more specific information. If you only want to stay in touch for general purposes, general information is good but if you plan on selling or buying property in the BH23 postcode area, it is important that you make an informed decision.

After all, if you plan on buying a semi-detached property, the price of flats isn’t going to impact on your actions. If you intend to sell a flat this year, the price of detached properties in the area won’t have much relevance for you. Therefore, it is vital that you review relevant information to your needs and then make an informed decision using these figures.

The information below details the average price paid for property types in the BH23 postcode area in the past 12 months:

·        Average price paid for flats in BH23 in the past 12 months is: £226,858

·        Average price paid for terraced properties in BH23 in the past 12 months is: £326,337

·        Average price paid for semi-detached properties in BH23 in the past 12 months is: £350,527

·        Average price paid for detached properties in BH23 in past 12 months is: £492,134

This information will hopefully provide you with a more informed starting point for any activities you wish to undertake in the BH23 property market this year.

Asking prices are relevant for local property market moves

Another item of note and interest will be asking prices. In recent times, asking prices have differentiated from sales prices, so it is good to be aware of these figures too. Whether you are a vendor looking to accurately price your property or you are a buyer looking for guidance on what to expect when you enter the market, this is important information that will impact on your property market activities.

For a one-bedroom property in the BH23 postcode area, the current asking price is £171,562 and for a two-bedroom property, the asking price is £284,753. With a three-bedroom property in BH23, the current asking price is listed as £403,172 and £567,739 is the asking price for a four-bedroom property. With respect to five-bedroom properties, the current asking price is £839,406. All these figures are taken from information provided by Zoopla.

No matter what your planned property moves in 2019 are, if you are looking to make an informed decision in BH23, contact Mitchells Estate Agents. We are local property market specialists and we look forward to assisting you, whatever you are looking to achieve.

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