The value of our house (semi-detached) just outside the South Circular in SE London has been more or less static since 2017. Large garden - very large by London standards, backing onto a park. On a 3 buses per hour bus route. Two mainline stations within a mile both with a 4 train per hour service to London Bridge (15 min) or Charing Cross (20 min).
London is having a much needed correction.
It’s just outside London where detached properties are making the biggest gains.
I bet your semi in London is probably around the £950k mark. Move to the likes of Gloucestershire or Warwickshire and pick up a detached property in a small market town with good links into London for similar money.
With hybrid working, more people are looking to sell up in London for the outbound commuter towns which still have plenty of Amenities and good all round links and infrastructure.
I’ve seen gains of about 20% in the last two years on my property.
I almost bought semi rural 3 years ago (7 miles away) a similar property to what I have now, was about £250k cheaper. However, I didn’t want to be that far away from shops, hospitals, schools and other amenities that make small towns so attractive.
So I stumped up the extra to live where I do today.
