HOUSE PRICES UP BY £10,000
Values rise in every part of the country since vote to quit EU
HOUSE prices have soared £10,000 on average since last year’s Brexit vote, official figures show.
Values jumped 4.9 per cent in the year to June 2017 to reach an average £223,000 – £10,000 higher than the same month last year and £2,000 more than in May this year.
Former Chancellor George Osborne predicted a vote to leave the European Union would spark a property crash of between 10 and 18 per cent in one of a series of apocalyptic warnings to voters wanting to leave the EU.
But the opposite has happened and homeowners nationwide have seen their properties continue to rise in value.
Annual house price inflation has slowed since the middle of last year, but has remained broadly around five per cent during 2017, according to the Office for National Statistics.
Alex Gosling, of the online estate agents
A TIME capsule home from the golden age of house building has gone on sale for £550,000.
The 1934 three-bedroom Art Deco property still has many of its original features, including geometric mantelpieces and curved Crittall metal windows.
Boris and June Whycer bought the house in Enfield Town, North London from its original owner in 1957 – for a bargain £1,800.
While many properties in the neighbourhood have since been altered drastically, the Whycers left their home virtually unaltered because June “hated workmen in the house”.
Their daughter Elizabeth put the house on the market three weeks ago after deciding to “downsize”. She said: “I will miss it because it is my family home.”
Fruit
She said yesterday that the area had changed dramatically in recent years, with fewer people opting for gardens. She said: “My mother picked the house because of its excellent location. I remember how it was in the 50s and 60s and everyone had flower gardens and fruit trees. But it has now become a land of extensions and concrete, with people paving over their gardens for their cars. “It is not really the same anymore. I feel my house is a time capsule of how it used to be. Mum hated having workmen in the house so didn’t want anything done.” The property, which does not have a central heating system or double glazing, was one of more than 80,000 homes built in 1934. At the time, the average house price was £350.
The upstairs bathroom contains an original pedestal sink and the kitchen was hand made by a carpenter.
The property still has the wide Crittall windows which were common and distinctive features of homes built during the 1930s.
Elizabeth, who works as a photographer, believes the fitted glass landing light is from the same era.
Among the kitchen appliances is a 1955 Main cooker. Elizabeth was stunned to discover that a young Mick Jagger had the same model in the flat he shared with other members of the Rolling Stones when they were first starting out.
As regards prospective buyers, Elizabeth said: “I have had people coming around and they all want to restore it and be sympathetic.
“I’ve not had anyone say they want to gut the place. They really do want to keep it as it is.”