New data from Zoopla for the first quarter of 2018 showcases the areas with the biggest rise in property prices. Sidcup in the London Borough of Bexley took the top spot, enjoying the fastest growth in the UK. The average rise of the price of a home in the Borough is an impressive 2.89%. This translates to an increase in real values of £11,761.
To put the figures above in perspective the average rise in house prices in the whole of London during Q1 is 1.48%. The average rise in the whole of the UK was just 1.03% or £3,917. Sidcup had much better performance and continues to establish its popularity.
When taken as a whole the UK property market added £114billion to its value in Q1 2018. This was a huge change over the previous year when the value shrank by £29billion. The market has certainly had a better start to this year than 2017, hopefully inspiring more confidence.
Why invest in Sidcup?
The London Borough of Bexley is one of the suburban locations that are enjoying a rise in demand due to the more affordable homes. As more people look to the suburbs the values of properties are pushed upwards. This is good news for investors who anticipate further popularity and growth.
Sidcup could remain a popular area for many reasons. Firstly the area has some good shops, schools and transport links. In addition there are some fantastic local attractions to enjoy. Sidcup Place has some great facilities including lots of open space and tennis courts. There is a local leisure facility and a golf course too.
The property scene in the area is quite interesting. There are older Victorian and Arts & Crafts houses but the main stock is 20s and 30s. The area has several conservation areas and estates originally for London’s commuters. Alongside these there are a number of new builds.
Investors considering the area can come to Finefair for advice. We offer an array of services, including the most attractive council leasing Bexley has. Our team are proactive when managing properties and strive to provide the very best service for landlords and tenants alike.
If you would like to discuss anything with us please get in touch.