Posted: Thursday, February 25, 2021

Regional Property Market Update Spring 2021: East Midlands

At 7.1%, average annual price growth in the East Midlands is slightly lower than the UK average. However, growth is currently stronger than at any point since April 2016 and considerably higher than the 1.0% recorded this time a year ago. Price growth across eleven areas currently exceeds 7.5%. Rightmove report average asking prices fell by just 0.5% month on month across the region in January and properties are selling more quickly than a year ago.

 

Annual price growth has strengthened across the UK in recent months

East Midlands regional property market report house price growth

 

Most active housing markets across the East Midlands

At £208,662 the average price of a property in the East Midlands is more expensive than a year ago and activity across the market is robust. On average 3.7% of private properties are sold each year, with turnover in eleven areas currently 4% or above. Over 11,400 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.

First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.

 

Spring 2021 property maket update - East Midlands region table

 

 

VIEW THE FULL EAST MIDLANDS REGIONAL REPORT

 

 

Victoria Copp, Sales Director of Chelton Brown Lettings & Sales, comments on the Northampton region:

"The Northampton property market has continued to grow despite the past year's events. Chelton Brown have noticed an incredible level of general capital growth and this stems from demand.

 

"Demand has increased week by week in 2021 and this interest is coming not just from investors, but first time buyers and general home movers alike. We feel that with all of the restrictions in 2020 and having more time at home, spending time with family and possibly working from home in the long term, moving is on the top of the priority list for many this year.

 

"We have found in recent weeks that as soon as a property is listed within a good school catchment area or a desirable village, for example, we are inundated with interest, quite often achieving asking price (or over) within a week."

 

FIND YOUR LOCAL MEMBER

 

 

Properties for sale in the East Midlands

Willoughby On The Wolds, Leicestershire, 6 bedrooms

leicestershire_beautiful_traditional_english_brick_farmhouse

This beautiful 17th-century former farmhouse enjoys a wealth of character features within six bedrooms, four reception rooms, a farmhouse kitchen, a sauna, a bathroom, separate shower room and en suite.

Set in a highly regarded village location, the home sits within approximately one acre of established gardens with a feature pond, a former cricket pavilion, a summer house and a range of outbuildings including a double garage and three stables.

 

Coleby, Lincolnshire, 3 bedrooms

Lincolnshire new renovated house for sale

This stunning three-bedroom detached home is superbly positioned and offers high-specification accommodation, constructed to an attractive cottage-style design. The property will offer a high-end finish including a large dual aspect lounge with bi-fold doors to the garden and a fabulous living and dining kitchen with fitted units, integrated appliances and bi-fold doors also leading out onto the rear garden. 

 

Matlock, Derbyshire, 3 bedrooms

Derbyshire house stone built blue door

This elegant, stone-built, double fronted semi-detached property has undergone an extensive refurbishment and offers three bedrooms, a family bathroom, an en-suite, an entrance hall, a sitting room and an open-plan dining area and fully fitted kitchen. The property has a shared rear courtyard, a lovely stone flagged front garden and off-road parking.

 

Wollaston, Northamptonshire, 5 bedrooms

northamptonshire_stone_built_corner_farmhouse.

The Gables is an impressive Grade II Listed farmhouse offering generous living space, including three reception rooms, four bedrooms, a large dressing room, four bathrooms and a kitchen with a separate utility room. The home further benefits from a courtyard garden, boasts excellent commuter links into London and is near to well-regarded schools.

 

Contact us

If you want independent guidance on moving home or are looking for the best agent in your area, find your local Guild Member today.

 

BOOK A VALUATION

 

Looking to buy?

Looking to buy?

We'd love to help you on your journey home.
Don't miss out on on the latest properties by registering for our property alerts.

Register with us today

Read What Our
Customers Say

I can't speak more highly of the team at Homesearch. When I met Michael to discuss the sale of my home instantly from that meeting, I could tell how knowledgeable they were. From that moment until closing, everything went absolutely flawless. This experience of selling went without a hitch with them giving great tips on preparing my home for viewings. Thank you. I really appreciate all your help during this process. I highly recommend Homesearch to any person who is looking to sell their home or buy a new home.

Loretta Barrett, Seller

I started with two very well known real estates, but I hated it. I was simply another number to them and I didn't feel they were honest and transparent. With HomeSearch I felt comfortable that they were on my side and they were always available to help. The process is hard enough, so having a team who supports you can make such a difference. Highly recommend.

Arian Barvarz, Seller

The reason we chose Homesearch to sell our property was that we liked the straightforward, no-nonsense approach of both Anna and Michael. They gave an honest appraisal of our property and a clear idea of what we could expect to sell it for. In fact, the offer we accepted exceeded our expectations. The sale took longer than we would have liked, due to delays caused by the buyers' solicitor, but Michael was tenacious and must have worn his phone out keeping everyone informed of progress.

Nicola Watson, Seller

Homesearch are hands down the best agent I have ever worked with ! The team helped me in an extremely complex sale. Without the knowledge and experience of the whole team, my sale would not have completed. I dont normally write reviews, only when they are truly deserved. An exceptional team! Very kind and personable, reliable & trustworthy.

Leslie John, Seller

My experience with Homesearch is that they are professional, friendly and go above and beyond to ensure that something stressful like selling a house runs as smoothly and stress free as possible. They work hard to get the results and have kept me updated throughout the process. I honestly could not recommend them enough, they are easily the best company I’ve dealt with in the buying/selling houses field. And to top it all off, they always answer the phone in the most pleasant tone and always provide service with a smile.

Chanelle Hunte, Seller

Homesearch are PROFESSIONALS. I sold my property through Homesearch and I have not dealt with a more competent agency. Every single person  dealt with knew exactly what they were talking about and I can tell that they all have knowledge in the industry and were not just picked up from the street. From the get go I was impressed and I will certainly do business with them again.

Paul Hobbs, Seller

Many thanks Homesearch for locating professional corporate tenants for my property. I am very happy with your property management service as you always ensure that the tenants give the property back in good order at check out. Five Stars!

Maria Foran, Landlord

I have been absolutely delighted with the exceptional service I have received from Homesearch. They have removed all the stress & hassle of renting my property and dealt with all manner of situations I would have struggled with in such a professional & courteous manner. They give valuable unbiased advice with such a wealth of experience. Nothing is ever too much trouble for the staff, who are always friendly & helpful. Homesearch let and managed my property and I am very happy with their property management services, they are very knowledgeable.

Paula Carter, Landlord

Homesearch always do what they say they will do. They are efficient and raise any issues early and provide options to resolve them. Homesearch is very  easy to get hold of and talk to, no matter where I am in the world! My property is well looked after, regarding tradesmen, replacement of items swiftly etc. with the minimum of fuss.

David Connells, Landlord

From our first viewing right through to the present, Home Search were brilliant. They helped make the whole process quick and stress free and even now we are in and settled, they are still happy to assist us with any queries we may have. We couldn't recommend them highly enough.

Julie Maney

Home Search helped us move into our new flat smoothly and Tim was always happy to provide help to put our nerves at ease. Arranging a viewing was easy and Home Search were happy to open after hours for us to sign the paperwork. They were very helpful and often would offer to help! Having moved in we received a lovely card and they have always been swift in communicating with Usif we have any questions. Would recommend it.

Will Houghton

Michael and his team were simply amazing!! They helped us to find the perfect house, offering a nice and attentive service from the beginning through to the end. Thank you so much!! 5 stars service. Highly recommended!!!

Giordana Sicali

Very helpful and friendly staff. Tim, Michael and the team Made the whole renting experience easier.

Amol Sinare

I had a very difficult situation as I did not have a guarantor and my dad was earning enough but was not a homeowner. It took a about 3 weeks but Michael sorted it all out in the end and my dad became my guarantor. I got a lovely home and all the staff were very helpful including Paris, Zainab and Tim. Thank you all very much! Would recommend them to anyone

Misti Chakraborty

On behalf of myself, Noa & Niamh, we would like to start off by saying a massive thank you for the amazing service Home Search Ltd provided us with, especially highlighting the work of Clorissa. Within a week we were able to sign, seal and move into the property that we looked at, all down to Clorissa's prompt and effective work ethic, which allowed us a smooth transition from one property to another, without her, this move would not of been possible to have happened within the time stamp that it did. We are very grateful for the work that was done by Home Search Ltd, highly recommend.

Lewis Francis
How Much is Your Property Worth?

Expert Valuation

We always come armed with evidence and statistics of why we are pricing your property a certain way. We know the importance of getting the initial price of your property right, first time. With our extensive experience we will also explain current market conditions as we want to get our sellers the best price.

What's more, get a free gift with your free expert valuation with one of our experienced Valuer's.

Book a Valuation