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New build properties are becoming much more desirable

December 4th 2019
By: Melanie
New build properties are becoming much more desirable

According to new data new build properties are increasing in value at more than 10 times more than older properties.*

The latest figures from the land registry reveal that the cost of a new build is rising at an annual rate of 4.3% while existing homes are only increasing by just 0.3%. This is the same for across the UK where they state that new build properties are costing around £316,789, compared with £245,173 for other homes.

Zoopla state this is happening for a number of reasons that new build homes might be finished to a higher specification than older homes and a buyer can simply move in without having to spend any additional money or time on creating a nice living environment. Those new properties that come with swimming pools, gyms and concierge services will also lead to a higher asking price. 

If you are looking at buying a new build property then Intercounty Sawbridgeworth has this beautiful four bedroom family home for sale. 

The property offers bright and spacious rooms throughout, driveway parking, underfloor heating, a West facing rear garden and a 10-year NHBC guarantee. The accommodation comprises a large entrance hall leading to a living room with wood burning stove, kitchen/dining room, study, orangery, WC, and a ground floor bedroom with en-suite shower room. Whilst on the first floor there are three double bedrooms and two further bathrooms. The rear of the property has a large West facing garden which is mainly laid to lawn and a large paved area. The front has a large driveway with gated access to the rear. EPC Band B.

For more information please call Intercounty Sawbridgeworth on 01279 600333 or follow this link.

* https://www.zoopla.co.uk/discover/property-news/new-build-house-prices-soar-at-10-times-the-rate-of-existing-homes/#BJsI7oM6dutvqiYE.97