House Price Update In Dunstable – How Has It Changed?
When it comes to house prices, knowing the latest prices and values is of benefit but there needs to be context surrounding these prices and values. There needs to be other figures so you can make comparisons. This may be prices and values for other areas, if you are considering a range of locations to buy property in, or you may find that comparing current prices and values in an area with prices and values from a previous time will be of benefit. When it comes to considering trends or trying to calculate what will happen in the future, knowing what has happened in the past alongside what is happening in the present day can be helpful.
This is definitely the case if you are looking to find out more information about the property market in Dunstable. This charming market town may be located 30 miles from London but it can seem like a world away. However, it is still the largest settlement in the central Bedfordshire area and it is classed as the third largest area in Bedfordshire, behind Luton and Bedford. These facts are good reasons to consider the Dunstable property market and this means you should be looking for a house price update in Dunstable and considering how it has changed.
Dunstable prices are on the up
As of October 2017, the property value in Dunstable stands at £310,288 while the average price paid for property in the past 12 months stands at £276,922. In the past six months, the average price paid for Dunstable property is £285,952 while the average price paid for property in Dunstable in the past three months stands at £281,750.
It is sometimes not wise to review price changes over such a small time frame because one or two outliers can have a big influence but in comparison to the prices over the past year, there is enough to suggest that prices are rising in Dunstable at the moment. It has been another challenging year in the UK property market but at the moment, prices are rising across the country (well perhaps not in London which experienced a fall in September) and Dunstable certainly looks to be on the up.
For reference, the average price paid for Dunstable property in the past five years is £238,353 and the figure for the past decade stands at £223,411.
Bedfordshire property market has a lot to offer
With respect to Bedfordshire as a whole, the average value of property, as of October 2017, stands at £308,688 and in the past 12 months, the average price paid for property stands at £290,997. This is a sum close to £15,000 higher than the Dunstable average. In the past six months, the average price paid for Dunstable property stands at £301,295 while in the past three months, the average price has risen to £309,744.
The same caveats to studying price changes over a small period of time apply here but there is a lot to be said that the property market in Dunstable, and Bedfordshire on the whole, is on the up.
Whatever move you are looking to make in the Dunstable property market, this information should be of interest to you and will hopefully allow you to make an informed decision, whatever you decide to. When you need assistance or guidance in the Dunstable property market, be sure to rely on Deakin-White.
