Are you looking to find out the latest property trends in Surrey, England? Look no further than Wentworth Estate Agents. With years of experience and a great track record, Wentworth Estate Agents are the go-to experts for all your property needs. Whether you're looking for Virginia Water Rentals or the newest development in Surrey, Wentworth Estate Agents can help you find what you're looking for. In this blog post, we'll be exploring the latest property trends in Surrey, England according to Wentworth Estate Agents.
The current market situation
According to Wentworth Estate Agents, the current property market in Surrey, England is highly competitive. With more people searching for homes, prices are rising and the competition for desirable properties is fierce. Although buyers are willing to pay more for homes in desirable areas, the low availability of suitable properties is making it difficult for them to find the perfect home. The increasing demand for property has also led to an increase in the number of properties being put up for sale, leading to a larger selection of homes available for purchase. In short, there is an increased demand for property but limited supply in some areas.
The most popular areas
Surrey is a county in the south of England, known for its picturesque countryside, villages and quaint towns. As such, it's no surprise that Surrey is one of the most popular places for property hunters to look for their perfect home. The most sought-after areas are typically Virginia Water and surrounding towns, as well as Guildford and other parts of the county.
Virginia Water is particularly desirable due to its proximity to London and its beautiful scenery. In fact, many of the properties in this area are used as rentals, as it is an ideal destination for short-term holidaymakers or business trips. The area offers a wide range of luxurious homes, from charming cottages to luxury mansions with extensive grounds, so there's something to suit every budget. Prices vary significantly depending on size and location, but you can expect to pay around £1000 - £3000 per month for Virginia Water rentals.
The most popular type of property
The most sought-after type of property in Surrey is houses near Virginia Water. Located within close proximity to London and with access to the M25, it’s no surprise that the beautiful residential area of Virginia Water is so popular with homebuyers.
The properties near Virginia Water range from apartments and townhouses to detached family homes. With its close proximity to the water, many buyers are looking for a property with a view of the lake or its surrounding woodland. The area is also known for its large houses, making it a great choice for those looking for a luxurious property in the area.
In terms of affordability, properties near Virginia Water are some of the priciest in Surrey. Prices start from around £500,000 and can reach over £2 million for larger and more luxurious houses. Despite this, the area still remains popular due to its excellent amenities and strong sense of community.
Prices
When it comes to property prices, the area near Virginia Water has seen the highest growth in Surrey over the past year. Properties near Virginia Water are in high demand and have seen their values increase significantly. The average price for a 3-bed detached house in the area is now £1,106,782 – an increase of 8.2% from 2019. A 4-bed detached property currently averages at £1,347,622, and a 5-bed detached property is priced at around £1,843,200. Prices can go higher than this depending on the location, size, and amenities of the property. For example, a 7-bed detached house with a swimming pool and other luxury features could cost upwards of £4 million.
