House prices are on the rise – so where’s the best places to buy?

Houses in Kent, Somerset, Coventry and London
Where is best to invest?

Buying a property is the biggest financial commitment most of us ever make, and owners across the UK are naturally jittery about their home’s value in these challenging times.

While the latest official House Price Index will hopefully go a long way towards allaying these concerns, a rush to meet the March 31 holiday deadline for stamp duty — the LBTT in Scotland — was also a major boost to prices.

And there’s plenty more to keep homeowners happy going forward.

‘Pent-up demand, a re-evaluation of lifestyle aspirations and the stamp duty holiday caused house price growth to return to levels not seen since before the Brexit vote in 2016,’ says Nick Leeming, chairman of estate agents Jackson-Stops.

‘We don’t expect buyer and vendor appetite to drop off this year, no matter what the Chancellor decides on stamp duty.’

South East

Monthly price rise: 0.1%

What you can buy: Three-bedroom house, Sutton Valence, Maidstone, Kent ME17, 350,000

25% PLS deposit: £87,500

Mortgage repayments: approx. £1,051 pcm

Broad Street, Sutton Valence, Maidstone
Kent has this chocolate box cottage on offer

Views across the Weald of Kent, beams, wooden floors and fireplaces feature in this detached period cottage set over four floors in a honeypot village. There’s a basement kitchen and a spiral staircase to an attic bedroom.

Find out more information here.

Scotland

Monthly price fall: 1.2%

What you can buy: Three-bedroom house, Cambuslang, Glasgow G72, offers over £159,995

25% deposit: £40,000

Mortgage repayments: approx £479 pcm

56 Kirkhill Gardens, Cambuslang, Glasgow
Sensible and affordable family homes on the market in Scotland

Near schools and with a short commute to the city centre, this family home sits in a prime corner plot in a child-friendly cul-de-sac. There’s a through living/dining room, modern kitchen and bathroom, enclosed garden and a double garage.

Find out more information here.

London

Monthly price fall: 1.1%

What you can buy: One-bedroom house, Balham SW12, £475,000

25% deposit: £118,750

Mortgage repayments: approx £1,424 pcm

Mayford Road, London
Small but spacious, this London home even has an outdoor area

Small but perfectly formed, this detached, single-storey house is located in the very desirable Nightingale Triangle enclave.

There’s an abundance of natural light and a low-maintenance patio garden. Tube and mainline rail stations are within walking distance.

FInd out more information here.

East of England

Monthly price rise: 2.4%

What you can buy: Four-bedroom house, Long Sutton, Lincolnshire PE12, £310,000

25% deposit: £77,500

Mortgage repayments: approx £931 pcm

Trafalgar Square, Long Sutton
1930s features make this high-spec house unique

Refurbished to a high standard, this Art Deco house retains original features including steel-framed windows and timber panelling.

The master bedroom boasts a dressing area and an en suite, while the large kitchen-diner opens to the garden. Find out more information here.

West Midlands

Monthly price rise: 1.9%

What you can buy: Three-bed house, Coventry CV2, £214,950

25% deposit: £53,738

Mortgage repayments: approx £643 pcm

Kempley Avenue, Poets Corner, Coventry
Rainbow not included, but a brand new bathroom and kitchen are

Move-in ready is an accurate description of this mid-terrace, bay-fronted house as it has just been renovated so the buyer won’t need to do a thing to it.

Recent improvements include rewiring, redecorating and a new kitchen, bathroom and flooring, and it’s being sold with no chain.

Find out more information here.

North West

Monthly price rise: 2.5%

What you can buy: Two-bed house, Swinton, Manchester M27, £180,000

25% deposit: £45,000

Mortgage repayments: approx £539 pcm

Partington Lane, Swinton, Manchester
This smart Manchester home has to-die-for decor

To say that the interior of this Victorian terrace is tasteful doesn’t do it justice.

Decorated in a palette of greys, it includes a sitting room with a fireplace, a Shaker-style eat-in kitchen, a first floor bathroom and a garage.

Find out more information here.

Wales

Monthly price rise: 2.3%

What you can buy: Three-bed house, Pontyclun, Mid Glamorgan CF72, £190,000

25% deposit: £47,500

Mortgage repayments: approx £571 pcm

Station Terrace - Pontyclun
This small home could make a great investment

Chain-free, central and close to transport links, this traditional terrace home has a through living/dining room with a log burner, a kitchen, utility, ground-floor bathroom, three first-floor bedrooms and a patio garden.

Find out more information here.

East Midlands

Monthly price rise: 2.8%

What you can buy: Four-bedroom house, Alfreton DE55, £219,950

25% deposit: £55,000

Mortgage repayments: approx £659 pcm

Abbott Road, Alfreton
This family home has everything you might need

In a quiet road yet convenient for the A38 and M1, this decent-sized detached family home has an open-plan kitchen/breakfast room, a sitting room with a fireplace, separate dining room, study, downstairs cloakroom, driveway, carport and enclosed garden.

Find out more information here.

South West

Monthly price rise: 2.3%

What you can buy: Two-bed house, Minehead, Somerset, £285,000

25% deposit: £71,250

Mortgage repayments: approx £855 pcm

Church Steps, Minehead
Escape to the country

Tucked away above the town, this Grade II-listed thatched cottage has a kitchen/living/dining room with flagstone floors and exposed beams, and a large garden with a summerhouse.

Find out more information here.

North East

Monthly price rise: 1.9%

What you can buy: A three-bedroom house in South Shields NE33, £145,000

25% deposit: £36,250

Mortgage repayments: approx £435 pcm

Ingham Grange, South Shields
Historic buildings like this one are a real find

With a little effort this semi could scrub up rather well. One of a number of converted, architecturally interesting historic buildings in a former hospital, it has large, original windows and communal gardens.

Find out more information here.

What the House Price Index also revealed…

Average prices jumped 8.5% in the year to December, to a record £251,500. Bricks and mortar, it seems, still offer solid financial returns.

In England, the average value is £269,150, with the North West seeing the biggest annual growth, up 11.2%, and London the smallest at 3.5%.

Wales saw a year-on-year rise of 10.7%, taking the average to £184,195, while in Scotland, the average is £162,983, or 8.4% up on the end of 2019.

Average UK prices have risen by 1.2% since November alone, with regional variations. The biggest change was in the East Midlands, up 2.8%.

Prices grew everywhere except London, where the average fell 1.1% over the month, and in Scotland, which saw a 1.2% drop.

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