Nottinghamshire’s Upper Saxondale is contributing to the region’s booming property market, with house prices increasing in value by 23 per cent in one year according to the housing-hunting website Rightmove.
Ian Marriott, associate director at FHP Living, has witnessed the sought after area experience a period of high property prices as the West Bridgford based agency has been instructed to oversee the sales of an increasing number of properties within the development.
He said: “Upper Saxondale is a very desirable location to live – it is growing in popularity year on year, with excellent local amenities and fabulous family homes available for those looking to move a little further out of the city centre, but still within a commutable distance to Nottingham and Radcliffe.”
House prices in Nottingham and the East Midlands have been particularly strong in 2015 and property industry experts are expecting to see a continuation of this positive trend into 2016. Across the country, property prices have increased by an average of 5 per cent year-on-year, which Ian agrees is due to a lack of stock outstripping demand – a trend predicted to continue.
Mr Marriott added: “The UK’s house prices are continuing on an upwards trajectory and Upper Saxondale is certainly supporting this, with house prices currently averaging at £428,000. I would encourage those looking to sell to put their home on the market and capitalise from the excellent house prices being driven by strong demand in the area.”
Demand is so high in the East Nottinghamshire area that sales have been completed with FHP Living within a matter of days. Mr Marriott concluded: “The £250,000 plus market is a very strong one in Upper Saxondale and the speed at which homes are being taken off the market shows the need for an increase in stock. Those thinking of selling are in a strong position to get the best possible price for their property – taking advantage of their investment and capitalising on the demand-driven market we are experiencing.”