Land Registry data for May 2015 reported average property prices in England and Wales at just under £180,000 having increased 4.6% year-on-year. In the East Midlands region, in comparison, the average property price was £133,901, with an annual increase of 3%.
“Although it is good news to see increases in prices, they still remain 9% lower than they did eight years ago so,” says property expert Kate Faulkner in the Derby Telegraph. “At this rate of increase, it could take three or more years for prices to recover to their previous peak.”
Faulkner goes on to explain that from a buyer's perspective, a rising property market is a positive thing. “It means the property you are selling continues to rise in value, which will help you afford the property you want to buy, which of course will also be going up in value,” she explains. Sellers also benefit as rising prices incentivise buyers to make an offer before they go up out of reach.
Faulkner has bad news for investors, however, saying: “It is difficult to secure a property at a bargain price if properties are selling within a matter of weeks.”
Studham Rise in Studham, Bedfordshire (Guinness Homes)
This national housing provider has unveiled this collection of four high-quality three-bedroom houses with parking (three spaces each!) in the Bedfordshire village of Studham. Two of the homes have already been reserved.
These new homes are just a short walk from the centre of the village, where there is a range of local amenities including a village school, pubs/restaurants, a village hall and a village green.
There’s easy access not just to the beautiful surrounding countryside but also to the nearby towns of Dunstable and Hemel Hempstead, which offer a wide range of shops and amenities. London is only 35 miles away along the M1 and Euston station can be reached in approximately half-an-hour by train from Hemel Hempstead.
Price: £111,000 for a 30% share
Find out more at www.guinnesshomes.co.uk; 0844 800 2020
Cransley Green in Broughton, Northamptonshire (Redrow Homes)
A new marketing suite is now open at this development, allowing “early-bird” buyers looking to secure a home off-plan the chance to speak to Redrow staff at the Cox’s Lane site.
Tonia Tyler, sales director for Redrow Homes (South Midlands), says: “We’ve had and still have numerous successful developments in and around Northamptonshire so people are familiar with our Heritage Collection homes and know how popular they are. Now that building work has progressed [at Cransley Green], visitors will be able to view a model of the site, look at floor plans for their homes available and talk to our friendly sales team about their requirements.”
There will be 42 private sale homes at the development, offering everything from two-bedroom starter homes to five-bedroom family houses. The collection offers architecture inspired by the popular family homes of a century ago combined with modern, open-plan layouts.
The current phase comprises four- and five-bedroom homes.
Price: From £297,950
Find out more at http://whathou.se/kQDWkw; 01536 860128
St Elphin’s Park near Matlock, Derbyshire (Audley Retirement)
This award-winning retirement village is set within 14-acres of landscaped grounds, not far from Matlock and Bakewell, on the border between the Derbyshire Dales and the Peak District National Park.
At its heart is St Elphin’s House, which has enjoyed a colourful history as a private residence, exclusive Victorian spa and a girls' boarding school. This delightful building has now been restored stone by stone to house the Audley Club, which provides residents with a luxury health club, fitness pool, Bistro Bar and the Orangery Restaurant.
Hopkins Court and Devonshire Court are the newest phases of development at St. Elphin’s Park.
Part Exchange and other services are available on all the available properties, making the moving process from an existing property as smooth as possible. The development is also open to view by appointment, daily from 9.00am to 5.30pm.
Price: From £249,950
Find out more at www.audleyretirement.co.uk; 01629 258001
Anvil Mews in Stamford, Lincolnshire (Allison Homes)
Anvil Mews is an exclusive collection of ten stone townhouses, situated just outside the old town wall of the attractive market town of Stamford. The development has been carefully designed to match the traditional limestone buildings of the area, blending these brand new properties featuring the very latest interior specification and modern, energy-efficient build quality and appliances, with their established neighbours.
There is a mix of three- and four-bedroom houses arranged around a central block-paved gated courtyard. Each home comes with allocated parking.
Stamford is a lovely town, named as “the best place to live in Britain” by the Sunday Times just two years ago, just a short drive from Peterborough (with fast trains to London in under an hour) and in reach of numerous highly regarded state and independent schools.
Find out more at www.allison-homes.co.uk ; 07717 895399
Goose Farm in Warsop, Nottinghamshire (Dukeries Homes)
This development comprises 13 spacious, executive detached family homes, with river views to the rear, and is located just six miles north of the market town of Mansfield.
Each home comprises an entrance hall, open plan kitchen/dining room, lounge area with bi-folding doors opening onto the garden, cloakroom, an extra reception room and utility room. The master bedroom of each home has a walk-in dressing room and an en suite shower room, with a luxury family bathroom and either three or two further double bedrooms. Each home also has a block-paved driveway and garage.
There’s an abundance of shops and amenties in Mansfield and nearby, and a good selection of schools for all ages, both state and independent.Nottingham is only 19 miles away and Chesterfield 16 miles away.
Find out more at www.dukerieshomes.com ; 0843 523 5431
Brookmead in Ashby-de-la-Zouch, Leicestershire (Ben Bailey Homes)
Brookmead offers a rare opportunity to enjoy life in a picturesque setting within the National Forest area. Among the local attractions are Calke Abbey, Ashby Castle, Staunton Harold Hall and the National Space Centre in Leicester.
Help to Buy is available on the ‘Hanbury’, a four-bedroom home, putting the up-front starting price 20% lower. There’s a full range of appliances in the Manhattan kitchen, a utility room, floor-to-ceiling bi-fold doors from the lounge to the rear garden, and fitted wardrobes and en suite shower to the master bedroom.
Families are drawn to Ashby as the schools in the area are highly regarded. Commuters like because of the plentiful connections nearby.
The marketing suite and show home are open Monday to Friday, 10.00am to 5.00pm and Saturday and Sunday, from 11.00am to 5.00pm.
Price: From £319,995
Find out more at www.ben-baileyhomes.com ; 08442 579037