More often than not when looking for a new home you have to compromise at some point to get the property you’re looking for in the location you want to be in. For those looking to buy a property in London, home to 20 of England’s most expensive neighbourhoods, some of this region’s most desirable locations will cost onwards of £1.2m.
However, if you’re looking to make Yorkshire your home and you’ve got a substantial budget then you might want to consider one of these 11 most expensive neighbourhoods in Yorkshire. The figures, sourced from the ONS using Land Registry data, shows the median price paid in each neighbourhood in the 12 months to June 2021.
In order of most expensive to least here’s the top 11:
- Spofforth, Burn Bridge & Huby at an average of £540,000
- Collingham, Rigton & Harewood was £505,000
- Menwith, Beckwithshaw & Denton Moor was £470,000
- Bents Green & Millhouses was £440,000
- Wetherby West was £430,000
- Bramhope & Pool-in-Wharfedale was £430,000
- Harrogate West & Pannal was £427,653
- Fulwood & Lodge Moor was £425,000.
- Ilkley & Ben Rhydding was £407,500
- Stray was £403,750
- Famed for its show in Tockwith, the average property price in Ouseburn, Hammerton & Tockwith was £399,725
This will be good news for those already living in one of these neighbourhoods as it puts you in good stead should you look to put your property up for sale in the future.
For those looking to move to an expensive neighbourhood but don’t have the affordability there are still a few ways you could snap up a bargain:
- Make sure you’re signed up to all the property alerts on the main property listing websites: Rightmove, Zoopla, On the Market and Home are the main four
- Speak to the local estate agent(s) – in the case of a popular neighbourhood sometimes properties are sold before they even make it online. Therefore, by speaking to the local estate agents you can make them aware of what type of property you’re looking for and your budget so that they can bear you in mind if something comes to market. Make sure they see you as a serious buyer who is ready to make an offer if a suitable home becomes available.
- Look at the ‘sold prices’ within the area. Of the neighbourhoods listed above, there will be properties that have sold for less than the average property price. Therefore, getting an idea of what buyers have paid before may help assess whether it’s worth waiting for the right property to come to market or whether you should widen your net to cover any surrounding neighbourhoods.
- Currently, the UK’s house prices are at a historical high – yet many experts believe that this is likely to cool. Although no one can accurately predict what will happen the rising cost of living and increase in interest rates are expected to impact the housing market as buyers’ affordability is tightened.
- Not all sellers know they want to move. However, you could give them food for thought by writing them a letter explaining you want to buy a property in the area. It could just give them a nudge in the right direction and without having to sell their property through an estate agent could mean they sell you their home for a slightly reduced amount.
These are just a few ways that could help give you the edge over other buyers to find you your dream home in your ideal location.
If you’re looking to move home and/or sell your existing property, get an instant conveyancing quote from Enact conveyancing today. Our expert team of licensed conveyancers are on hand to support your property transaction from start to finish.