While there is no such thing as an average home, average property prices provide buyers and vendors with useful information. If you are selling your home, you don’t need to price your house at the average price, but you should be aware of how your home compares to the common property.
There is nothing wrong with charging a higher than average price for your home if your home is of a better standard or likely to be in higher demand than the average house. If you can justify the amount you place on your home, you can proceed with a higher value. However, if your home isn’t more appealing than the average home, and you have a higher price tag, don’t be surprised if there is minimal interest in your home.
We know your local area
As local property market specialists, we take a keen interest in local property prices. According to Zoopla, the average price paid for a property in Huntingdon, over the past 12 months is, £300,664. The same site lists the current value of property in Huntingdon as £315,138.
The average price paid for a property is useful information as an overview. Of course, this is the average price for all homes, so it may not be too relevant to your needs. If you are selling a flat or modest terraced property, the cost of detached houses in Huntingdon may not be too appropriate for you. Therefore, it is often best to break the average prices down into property types, allowing you to make a more informed evaluation of the market and how it relates to you.
- The average price paid for a flat in Huntingdon in the past 12 months is: £152,850
- The average price paid for a terraced property in Huntingdon in the past 12 months is: £217,358
- The average price paid for a semi-detached property in Huntingdon in the past 12 months is: £263,030
- The average price paid for a semi-detached property in Huntingdon in the past 12 months is: £394,265
There is a broad range of prices on offer across these properties, so there is something for households of different backgrounds and budgets.
Many factors influence what a buyer will pay for property
The average price is a good starting point in pricing your home or making plans, but to do a proper valuation, you need to speak with a local property market specialist. The value of your home doesn’t solely relate to the condition of the property; many factors shape what a buyer is willing to pay for your home.
Your location, nearby facilities and the supply and demand of the local market all influence buyer behaviour. To best evaluate your property, it is best to call on a property market specialist who knows the local market, who brings buyers and together, and who has a feel for the supply and demand in the area.
“We are pleased to say we serve the Huntingdon market with distinction” said Thomas Morris Huntingdon Branch Manager Alastair Smith. “We have helped many vendors sell their home, and if you are looking for assistance, please get in touch, and we’ll be happy to help.”
Selling your home is stressful, but with the right support, you can make the process easier. Book a valuation at a time that is of suitable to you or alternatively, you can phone our Huntingdon branch, managed by Alastair Smith by calling us on 01480 414555.