The average price of a home in the UK is now £368,614. Here’s what that will get you in Hull
AN ‘AVERAGE’ SUM GOES A LONG WAY IN THE REGION
THE average price tag of a home has reached a new record high for the fifth month in a row, with the asking price across the UK now standing at £368,614.
According to property website Rightmove, prices edged up by 0.3 per cent, or £1,113 on average month-on-month, in June, and demand from buyers remains strong, despite rising interest rate rises and the increasing cost of living.
The latest Rightmove House Price Index shows the pace of price growth is slowing, after a strong start to 2022, and predicts that affordability constraints, a better balance between supply and demand, and usual seasonal price drops will contribute to further slowing of price growth in coming months.
It reports signs of more fresh choice for buyers, with the number of properties coming onto the market for sale up by 7 per cent compared to this time last year, but still below 2019 levels.
It suggests that because of a conveyancing log-jam, sellers will need to come to market in the next few weeks to be in with the best chance of moving before Christmas, with the average time to get through conveyancing currently 150 days.
More than 500,000 homes are currently sold subject to contract, which is 44 per cent higher than in 2019.
Rightmove’s report was released as the EY ITEM Club said it expects UK house prices to rise 8 per cent over the course of 2022.
Here are five properties in the Hull area currently on the market for around the new UK average asking price.
1
Westbourne Avenue, Hull Living space on a grand scale – this nine-bedroom Edwardian property in the sought-after Avenues area of the city is on the market with Home Estates for £365,000.
Currently providing nine letting rooms on a house-share basis, the property was subject to a sympathetic conversion so it maintains a high proportion of its original features.
The terraced property includes a communal living room and utility room, a spacious fitted dining kitchen and communal gardens.
2
Cock Pit Close, Kirk Ella This stunning detached home offers three-bedroomed accommodation in the desirable west Hull village of Kirk Ella.
The property has been significantly remodelled and is tastefully presented by the current owners to provide beautiful contemporary living, including a fabulous open-plan living kitchen to the rear.
Outside electric gates provide access to the driveway, providing excellent parking and leading to the detached garage, and the enclosed rear garden has a lawn and a decked area.
It is being sold by Matthew Limb for £369,950.
3 Paddock Way, Hull
Offers in the region of £365,000 are invited for this family home in Kingswood.
With four bedrooms and two bathrooms, the property is well placed for access to local amenities, including primary and secondary schools.
The living space includes a modern kitchen and a sun room, and has a generous sized south facing garden and a private driveway for one vehicle.
The house is on the market with Strike.
4 Green Lane, Hessle This individual four double-
bedroom detached house is for sale with the guide price of £365,000 and offered with vacant possession.
It is accessed via a private bridge leading to double gates a large block-set forecourt beyond, providing off-road parking for several cars.
The house, on the market with Beercocks, has a fitted dining kitchen and a family bathroom; the master bedroom has an en-suite shower room.
The private rear garden is of lowmaintenance design with a split-level decking area.
5 Valley Drive, Kirk Ella
Another home for sale in the coveted Kirk Ella postcode is this extended four-bed detached dormer bungalow.
With an asking price of £365,000, the property has gardens to the front and rear.
Agent Whitakers says the sale of the property presents “an ideal opportunity” for a growing family who require generously-sized living space with the benefit of being in close proximity to prestigious local schools, amenities, leisure facilities and transport links.