Camberwell: February Property Prices And Values

4th February 2020 posted in Sellers Buyers

As we are now into February, people can start looking forward to the rest of the year. January is often a month to endure, as opposed to enjoy. If you had to wait on your wage of the year to get back to normal, you are not alone.

However, if you plan on making a move in the property market, it is time to get serious. There is a more significant level of optimism surrounding the UK housing market now than there has been in quite a while. Whatever your political allegiances are, if the current Government offers political stability, it is of benefit to the housing market.

Therefore, if you plan on making a move, you need to be informed. Whatever you want to do, take the time to review property prices and values. We are pleased to say we are Camberwell property market specialists, and we are here to ensure you know the latest property prices and values for Camberwell in February 2020.

Camberwell homes are in significant demand

According to Rightmove, the average price of property in Camberwell in the past year is £549,805. The online property portal compares the prices as being similar to Peckham while stating Camberwell is more affordable than Walworth and Elephant and Castle.

Rightmove state most of the properties sold in Camberwell in this time were flats, with flats having an average price of £453,150. The average price of terraced properties in Camberwell was £924,884, and for semi-detached properties, the average price was £976,731.

Zoopla states the average price of properties sold in Camberwell in the past 12 months is £581,068. This figure is based on 526 sales. There is a discrepancy between Zoopla and Rightmove figures, but there is nothing to be alarmed about. Some people have a preference, but it is helpful to review different sources in looking at an area. Zoopla class the average value of property in Camberwell as £543,249.

Be informed with the Camberwell market

The following information breaks down the average price of property per property type in Camberwell for the past 12 months:

·         Average price paid for flats: £421,788

·         Average price paid for terraced properties: £779,309

·         Average price paid for semi-detached properties: £854,555

·         Average price paid for detached properties: £1,268,800

Of course, each home needs to be evaluated on its own merits. The average price is a great starting point for considering your options, but if you intend on making a move, you need tailored information. One of the most effective ways to improve the value of your property is to improve the central heating system. If your property is old and the central heating system has seen better days, there is a great deal to be said for making improvements and updating the system.

You will find updating a central heating system will add more value to the property of your home. To maximise the return of your investment, make sure you consider the general energy efficiency of your home too.

Ways you can improve the general energy efficiency of your home include:

·         Sealing any draughts which appear around your windows and doors

·         Replace windows that are no longer energy efficient, and cannot be repaired – replace these windows with double or triple glazing

·         Installing insulation into any loft space in your home

Can you convert unused space at home?

Not every home has unused space which can be converted, so if this tip doesn’t apply to you, move on to the next one. However, if you have a loft area which is unused or is currently unsuitable for use, it is time to make it a liveable space that helps you make the most of your home.

Converting your loft is more affordable than adding an extension, and it can provide you with a better return on your investment. Making sure there is natural light in the loft area, and satisfactory insulation, will ensure that the room is comfortable, usable and adds value to your home.

Can you add an extra bathroom to your house?

Adding a bathroom to your home adds value, and it is worth considering this option. There is a great deal to be said for taking a large room in your home, and adding an en-suite facility. This ensures you don’t lose a bedroom, but add functionality, and value, to your home.

If you plan on selling your Camberwell home this year, contact us and we will be more than happy to assist you with the process. We can arrange a property valuation for you, which is an integral part of the sales process. As local property market specialists, we are perfectly placed to assist you in connecting with buyers, and selling your home. If you want to reach out to buyers, contact Hunters Camberwell today.