The slight reduction reported last month has been reversed with prices up just over 2% on the month. The average price of a property sold in Tattenham & Preston is currently £503,388 – 79% higher than the average price of all England sales.
The chart below shows the current average prices by property type in our area.
Last month we put the slight drop in property prices down to the termination of the temporary reduction in stamp duty but there is still clearly a strong demand for property in our area. Although this demand is put down to people wanting to move out from even more expensive London to get more space and a garden, prices are up slightly more across all England.
The average price across England is now £280,921. Although up 3.67% compared to last month it’s still only 55% of our average property price.
How we have calculated data for Tattenham & Preston
Please note that these figures are based on Land Registry data collected from completed sales. It is more accurate than sales data but tends to trail behind current sale prices. We use data for the Epsom & Ewell local authority area as being more accurate for Tattenham & Preston than using data for Reigate & Banstead where property prices are lower in the southern part of the Borough. It should also be acknowledged that these are only average prices, and the actual cost of a property may vary significantly depending on size, condition, number of bedrooms and availability of amenities.