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Mon 21 May 2018

Baldock Property Prices

How are property prices in Baldock performing?


It’s all good news for the value of your home, as house price growth in Baldock exceeds county and national growth figures……….





Baldock continues to be a popular destination for buyers currently living in the town or those moving from further afield, drawn to Baldock because of its character, amenities, well regarded schooling, transport links and diversity of housing. There is something to appeal to everyone.

Since the completion of the Baldock by-pass, we have seen the High Street and the town centre flourish, a safer more visitor friendly environment with a range of restaurants, boutique shops and even an arts gallery and the town is set to grow further. The town is on the way to securing an allocation of £22 million from the Housing Infrastructure Fund. If this funding is secured, it will play a critical role in providing the infrastructure required in facilitating the proposed development within the Local Plan. Investment of funding at this level, surely has to be good news for any town that receives it.

So, how are property values performing in Baldock? Well, as I say at the top of this article, it’s all good news.

Over the last twelve months property values, nationwide, have increased by 4.4%, with an average value of £225,047, in the South East, the figures are an increase of 4.0% with an average value of £322,489.

Homes in Baldock have far out stripped these trends. Baldock has seen the average house price rise by 5.57%, to an average price of £389,198. That’s a suggested average increase of £20,538!

These figures are supported by the level of activity we are seeing in the local market place. Many of the buyers that we attract are coming out of London, dismissing the property hot spots of St Albans, Harpenden and Hitchin as just being too expensive and out of their budget. Buyers sight Baldock as an ideal town to settle their family in, attracted to both older character properties and the more modern homes as well.

Current activity suggests that Baldock property values will continue to hold their own in the market place but of course, no one has a crystal ball but with the potential investment heading the town’s way and the potential development of new homes, Baldock will remain prominent within the Hertfordshire market place.
 


Simon Walton

Baldock and Villages

 

Source: Land Registry and Zoopla.