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Regional Property Market Update Summer 2021: Hertfordshire, Bedfordshire and Cambridgeshire

Regional Property Market Update Summer 2021: Hertfordshire, Bedfordshire and Cambridgeshire

Market News Adam Mackay 26th June 2021

2021 is set to be one of the busiest sales years in over a decade

Agents report the sales to stock ratio across the East of England is at a record high (RICS). At 3.7%, the annual rate of housing stock turnover across Hertfordshire, Bedfordshire and Cambridgeshire is above the UK average. The most active markets are currently Central Bedfordshire, Bedford and East Hertfordshire.

 

Hertfordshire, Bedfordshire and Cambridgeshire annual rate of price change regional property market report map

 

Price growth strengthens

Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.

Year-on-year price growth across the South East is substantially stronger than the 1.9% recorded this time a year ago (UKHPI). Annual price growth currently exceeds 8% in Hertsmere, Bedford and South Cambridgeshire.

 

Hertfordshire Cambridgeshire and Bedfordshire annual rate of price change regional property market report statistics

 

A seller’s market

Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in the Hertfordshire, Bedfordshire and Cambridgeshire region is 47 days. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

 

Properties for sale in the Hertfordshire, Bedfordshire and Cambridgeshire region of the UK

Three Mile Pond Farmhouse, Cambridge Road, Sawbridgeworth

 

 

Three Mile Pond Farmhouse is located on the edge of Sawbridgeworth within walking distance to everything Sawbridgeworth has to offer including the mainline train station serving Cambridge, Tottenham Hale and London Liverpool Street (around 45 minutes).

The property is approached via gates with the house on the right and a drive leading up to further gates and plenty of space for secure parking both on the driveway and the double cart lodge. There is a garden studio detached from the main house which makes a perfect home office or alternatively could be used as a brilliant annexe (subject to relevant permissions). This features a mezzanine level and a bespoke wooden kitchenette area with toilet facilities. The property is positioned at the front of the plot meaning the large gardens wrap around to the back making them a fantastic place to relax and enjoy. Mature trees and shrub wrap around the edge of the plot offering a private, secure feel throughout. There is also a wonderful split-level party terrace, ideal for entertaining, with a pizza oven and tandoori oven.

The property enters through an oak stable door to the glass porch and through to the bespoke, vaulted kitchen and breakfast room with wooden beams with custom units, flagstone tile flooring and an Aga. This leads off to the boot room/utility area with access to the gardens or through to the bespoke, oak framed sun room overlooking the split-level party terrace and gardens - a beautiful place to relax.

The other side of the kitchen leads through to the main living room which hosts some stunning character features - decorated with wooden beams throughout and a large inglenook fireplace with a unique brick flue as well as wooden parquet flooring. The other half of the room is used as a snug/reading area.

The formal dining room to the end has some beautiful character features including original wooden panelling and a brick open-fireplace

There is a shower-room off the hall and stone steps leading down to the cellar room which has natural light and is currently used as a cinema room making a great place to relax.

 

Sheering Lower Road, Sawbridgeworth

 

 

Sheering Lower Road is a popular area in Sawbridgeworth with some beautiful homes ranging in style. It has fantastic access to the mainline train station serving London Liverpool Street and Cambridge as well as all the amenities. Sawbridgeworth is a small town with plenty to offer including a variety of shop's, restaurants, cafes, independent business and brilliant schooling options.

There is also easy access to the M11 at Harlow (junction 7 South) and Bishop's Stortford (Junction 8 North).

 

The semi-detached family home has been finished to an exceptional standard by the current owners. The property has a driveway to the front for multiple vehicles, a store garage to the side and a very large West-facing garden to the rear offering a fantastic place to relax and for a family to enjoy. There is a large patio section just off the house and at the very end of the garden is a summer-house, sand-pit and additional outbuilding.

 

The property opens to a spacious porch with black and white tiles and panelled walls which is beautiful touch and theme throughout the house. The hallway and open plan living area are finished with parquet flooring which goes brilliantly with the panelling. There is a separate sitting room to the front with a bay-aspect window and feature gas fireplace. A stylish wc on the ground floor and the family room open-plan to the dining area and kitchen with Velux windows and views across the 110ft West-facing garden. There is also a separate study/play-room on the ground floor.

On the first floor there are three bedrooms and a stunning stylish family bathroom. Two of the bedrooms are large doubles with fitted wardrobes and then the smaller single bedroom.

There are two further double bedrooms on the second floor in the loft conversion; one with eaves storage and the larger room with wardrobe storage, a large en-suite shower-room and Juliet balcony overlooking the stunning garden.

 

Thorley Hill, Bishop's Stortford

 

 

Thorley Hill is an extremely convenient location within the town with excellent schools, the town centre and train station within a comfortable walking distance. This large detached family home has been extended and refurbished by the current owners who have incorporated high quality fixtures/fittings throughout.

Accommodation is arranged over two levels and on the ground floor there is a fabulous open plan kitchen/dining/family room, spacious sitting room, utility room, impressive double bedroom, shower room and a further reception room. The bedroom, additional reception and shower room work well as a self contained living space if this is required. The kitchen benefits from Quartz work tops, two integrated ovens (one with microwave function and hot plate) and space and plumbing for a large fridge. The utility room provides space for a dishwasher, washer/dryer and freezer. On the first floor there is a large master bedroom with fitted wardrobes and a quality en-suite shower room, three further bedrooms and a sizeable family bathroom complete with freestanding stone bath and separate enclosed double shower.

To the front there is driveway parking for two/three cars. There is gated side access leading through to the landscaped South facing rear garden which has floor tiles matching those inside (but designed for use outside). With the bi-folding doors open the stylish garden is a fantastic extension to the kitchen/dining room and a great social space.

 

Contact us

Take advantage of the seller's market this summer with the best agent in your area. Contact us on 01279 600 567

Contact us
t: 01279 600 567

e: sales@mackayproperty.co.uk

Mackay Property HQ
25 Bell Street
Sawbridgeworth
CM21 9AR

 

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