Des res Stevenage – and that’s official
PUBLISHED: 11:27 09 February 2006 | UPDATED: 09:35 06 May 2010
HOUSE prices have increased more in Stevenage than anywhere else in the country. The average price of a home in Stevenage last month was £224,408. The figure is up 13.5 per cent on January 2005 s figure of £197,759 in the city category. House prices rose
HOUSE prices have increased more in Stevenage than anywhere else in the country.
The average price of a home in Stevenage last month was £224,408.
The figure is up 13.5 per cent on January 2005's figure of £197,759 in the city category.
House prices rose by 3.3 per cent (or £7215) in just one month from December 2005 to January 2006 according to estate agents Rightmove.
Miles Shipside, commercial director of Rightmove told the Comet: "The rise in asking prices can be attributed to Stevenage's ambitious plans for regeneration in the area.
"These include plans for a new transport interchange which will boost existing public transport facilities and a proposed 'state-of-the-art' discovery centre.
"With increasing demand for affordable housing, Stevenage also has plans for building high quality accommodation in the town centre. These regeneration plans, which are scheduled to start as early as this year, have given many sellers the confidence to edge up asking prices."
The most popular area in Stevenage is Chells Manor and Great Ashby according to Paul Jevon, sales negotiator of Wrights of Stevenage.
Ann Webb, Executive Councillor for Housing at Stevenage Borough Council said: "There are approximately 1,000 people in housing need who cannot afford to buy or rent private accommodation in Stevenage, and there is a limited - and declining - number of homes available.
"The demand for housing in Stevenage is a result of relatively low house prices in recent years compared with the rest of the area, making it increasingly difficult for people to find affordable housing."
She said the council is concerned that it cannot meet housing needs within Stevenage - particularly for young families.
* The average house price in Hitchin is £261,979. The figure is up 9.7 per cent on last year.
Top ten cities by annual increase
1. Stevenage Jan-06 £224,408 Jan-05 £197,759 13.50% increase
2. Exeter Jan-06 £231,667 Jan-05 £204,914 13.10% increase
3. Guildford Jan-06 £284,381 Jan-05 £253,171 12.30% increase
4. Kingston Jan-06 £335,215 Jan-05 £299,050 12.10% increase
5. Torquay Jan-06 £219,068 Jan-05 £196,003 11.80% increase
6. Redhill Jan-06 £310,219 Jan-05 £284,038 9.20% increase
7. Sunderland Jan-06 Jan-05 £131,465 £121,587 8.10% increase
8. Wolverhampton Jan-06 £143,101 Jan-05 £133,033 7.60% increase
9. St Albans Jan-06 £333,449 Jan-05 £310,107 7.50% increase
10. Preston Jan-06 £167,673 Jan-05 £156,005 7.50% increase