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Regional Property Market Update Winter 2021: East Midlands

Posted on: Friday, November 26, 2021


Sales remain brisk as demand continues

The market is busier than in any year since 2007. In the first nine months of 2021, HMRC estimate that more than 1.2 million homes changed hands, 47% higher than the long-term UK average (2010–2019) and just 50,000 fewer than the same period in 2007. On average, there is now only 2.2 months’ worth of stock available in the UK, compared to four months’ stock in 2019 (TwentyCi).

Harborough, North West Leicestershire and Rushcliffe have seen more than one in every 20 homes change hands over the past year. The average annual rate of housing stock turnover in the East Midlands is 4.3%.

 

East Midlands Winter regional property market report 2021

 

 

On the up

The average price of a property has increased significantly during the past year, many localities experiencing double-digit annual price growth. Agents anticipate price growth will moderate over the coming months to more sustainable levels, with predicted growth of 4% in the region during 2022 (Zoopla). According to Dataloft, the annual increase in the average property price in the region is £20,800

 

East Midlands Winter regional property market report statistics 2021

 

Keeping warm 

COP26 focused attention on the environment and energy efficiency. An Energy Performance Certificate (EPC) is needed whenever a property is built, sold, or rented. While 90% of new build properties achieve the highest A or B rating, just 1 in 14 resale properties currently reach that grade, although 60% could with improvements. Upgrading could prove lucrative; resale properties rated A/B currently attract a 13% price premium (based on £psf), compared to those properties with the average D rating1.

 

 

 

Properties for sale in the East Midlands region of the UK

Burbage, Leicestershire, 4 bedrooms

4 Bedroom Detached House for sale in Burbage

This attractive 1930's detached family house is set in a beautiful mature plot with a paddock of circa 0.5 acres. Three Pots Farmhouse is set back from the road behind walled front gardens and a large sweeping gated driveway. The property has been sympathetically extended and updated by the current owners to provide bright and spacious accommodation throughout a generous floor area with beautifully presented interiors and high-quality finishes. 

 

Sutton-in-Ashfield, Nottinghamshire, 5 bedrooms

5 Bedroom Barn Conversion for sale in Sutton-in-Ashfield

Situated in a semi-rural location, this substantial detached barn conversion occupies a wonderful south-facing plot, extending to over 1/3 of an acre, with delightful open views over an Area of Outstanding Natural Beauty. The property was sympathetically restored and converted in 2004 by the previous owner, retaining much of the character and charm associated with a building of this age, including 14-ft vaulted beamed ceilings and flagstone floors.

 

Bakewell, Derbyshire, 3 bedrooms

3 Bedroom Detached House for sale in Bakewell

With a wealth of original features, including mullion windows, original fire openings, flagged floors and beamed ceilings, this delightful and attractive Grade II Listed stone-built property is believed to date back to the 1600s, situated within the centre of the popular town of Bakewell. Believed to have been built as a dwelling, it has in recent years it been used as offices for local businesses and now has full planning permission to be returned to residency.

 

Contact us

As property prices continue to rise and the UK hits a record number of sales for autumn, sell your property with experts in the property industry this winter. Contact your local Guild Member today.

 

GET AN ONLINE VALUATION

 

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I would highly recommend Hardings Estate Agents. They have excellent knowledge of Windsor and the surrounding areas, and are extremely professional, responsive and courteous. I would not hesitate to using them again the future. I recently dealt with Milica who was instrumental in securing us our new home in Windsor as well as the sale of our existing property. She was a fab negotiator and a real pleasure to work with from beginning to end. Thank you!

Jonathon Beresford

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Hardings of Windsor managed our purchase with complete professionalism and went over and above in my opinion to manage the transaction and chain, resulting in a really smooth purchase. Milica at Hardings constantly provided timely updates and managed respective solicitors and the chain effectively, always responding quickly to queries. The whole transaction would not have happened without Milicas' focus on making all parties comfortable and satisfying all queries, not only professional but a delightful and welcoming personal approach that was a constant throughout. Thanks Hardings! Thanks Milica!

Stuart Blatch

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I would recommend using Hardings estate agents when buying or selling your property. Dominic (Scully) was always available, helpful and genuinely interested in my purchase and always calm and compassionate. If I ever move again my first choice will be Hardings.

Cath Powell

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Dom and the team at Hardings were so helpful and efficient when I purchased my flat - friendly and professional service and kept us up-to-date the whole way through the process. It was my first time buying and so was very nervous but they helped me feel at ease.

Freppell

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I used Hardings when I bought my property as well as when I sold it and the service has been fantastic both times. I very much recommend Hardings!

Therese Jouini

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We recently purchased our new home with Hardings Estate Agents. The whole team there were very helpful and flexible with us, arranging viewings quickly on the same day. They were always quick to respond and if ever our point of contact was not there, the service did not change as they work well together as a team. We received a personalised service, which allowed the sale to proceed quickly. Thank you all and we recommend Hardings Estate Agents without hesitation.

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What a pleasure it was to deal with Milica from Hardings. She sourced the perfect property for me and my family (while we were still abroad) and worked endlessly to put the deal together. I would give more than 5 stars if at all possible!

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How Much is Your Property Worth?

How Much is Your Property Worth?

A senior member of our sales team will visit your property to discuss current market trends and how your home; based on size, condition and location should be pitched to achieve the best possible price and buyer. Coupled with an excellent understanding of the local market we do a detailed analysis of what else has sold and what is coming onto the market so we can give you the best chance to capitalise on your biggest asset.

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