The average price of a property sold in Tattenham & Preston reduced slightly this month to £493,082.
There still seems to be a strong demand for homes in this area and it is suspected that this very small downward correction is due to the termination of the temporary reduction in stamp duty.
There were similar reductions for property prices for England as a whole with the average price this month for all properties being £270,973.
The chart below shows the current average prices by property type in our area.
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.