Is your rural property worth more than you think?

Fri 20 Mar 2015

While you may be under the impression the boom in house prices since the end of the recession has been confined to London and other cities, the reality is that properties in rural regions have also risen in value in recent times.

New figures from Zoopla illustrate just how sharply prices have increased in some of the greener parts of the UK, as they are said to be almost equal to the growth experienced in urban areas.

Over the course of the last year, rural properties have enjoyed a 5.1 per cent upturn in value, in comparison with the 5.7 per cent boost recorded in cities, encouraging many people to sell up.

The property portal’s Lawrence Hall explained urban zones had a head start when it came to the housing market recovery as, at first, prices rose close to locations that offered excellent employment opportunities.

In recent months, house price growth has spread and rural properties – particularly those that are within a commutable distance of an economic hub – are now just as valuable.

Indeed, many people are coming to the conclusion that extra outdoor space, seclusion, fresh air and pleasant views are well worth moving out of town for.

Gerrards Cross in Buckinghamshire is the most expensive rural destination in England, with the average home currently valued at £817,376 – up from £773,726 this time last year.

If you own a property in a rural area, you might be surprised at just how much its price tag has soared over the last year.

And if you think now could be the ideal time to make the most of your home, contact your local Leaders branch, where our friendly and experienced team will be ready to advise you on what your property might be worth and how you can take advantage of the current market to make a fresh start elsewhere.