Posted on

Trellows Property Market Update – Buckinghamshire July 2023

Trellows Property Market Update

Trellows Property Market Update – Buckinghamshire July 2023


In the last year, Buckinghamshire has experienced a significant rise in property prices, reflecting a flourishing real estate market. This blog post will delve into the recent trends in house prices in Buckinghamshire, highlighting the average prices for various types of properties and examining the changes over the past years.

**Overview of House Prices**

Over the last year, the average price of properties in Buckinghamshire reached an impressive £506,845. This figure indicates a steady and robust real estate market in the region.

**Types of Properties and Their Average Prices**

1. Detached Properties:
Detached properties emerged as the most popular choice for buyers in Buckinghamshire during the last year. Their average price stood at £814,573, attracting those seeking spacious and independent living spaces.

2. Semi-Detached Properties:
Semi-detached properties were also in high demand, with an average selling price of £459,400. Offering a blend of privacy and community, these homes garnered considerable interest from buyers.

3. Terraced Properties:
Terraced properties, known for their charm and character, were sold at an average price of £383,653. These houses appealed to those looking for a cozy and connected living environment.

**Price Trends Over Time**

Comparing the recent data with historical figures, the house prices in Buckinghamshire have shown a remarkable growth trajectory. Over the last year, sold prices in the region have surged by 5%, demonstrating the resilience of the local property market. Moreover, these prices were 13% higher than the peak recorded in 2020 when the average price reached £448,197.

**Notable Sales**

Let’s take a look at some notable property sales in Buckinghamshire over the past month:

Date Sold Address Property Type Sold Price Tenure
23 May 2023 5, Borrowdale Avenue, Dunstable, Central Bedfordshire LU6 3PF 2 bed, semi-detached £385,000 Freehold
19 May 2023 9, Hazely, Tring, Hertfordshire HP23 5JH 4 bed, detached £380,000 Freehold
19 May 2023 17, Schuster Close, Cholsey, Wallingford, Oxfordshire OX10 9GY Terraced £457,000 Freehold
19 May 2023 16, Ripley Road, Broughton, Milton Keynes MK10 7BE Semi-Detached £355,000 Freehold
19 May 2023 24, Broom Hill, Cookham, Maidenhead, Windsor And Maidenhead SL6 9LW Semi-Detached £610,000 Freehold
19 May 2023 6, Cedar Court, 40, Oval Way, Gerrards Cross, Buckinghamshire SL9 8PD Flat £610,000 Leasehold
19 May 2023 778, South Seventh Street, Milton Keynes MK9 2PT 2 bed, terraced £230,000 Leasehold
19 May 2023 The Orchard, 45, Sixty Acres Road, Prestwood, Great Missenden, Buckinghamshire HP16 0PE Detached £1,200,000 Freehold
18 May 2023 9, Wick Road, Wigginton, Tring, Hertfordshire HP23 6EL 3 bed, semi-detached £620,000 Freehold
18 May 2023 41, Shelley Road, High Wycombe, Buckinghamshire HP11 2UW 3 bed, detached £565,000 Freehold
17 May 2023 Anthorn, Cannon Lane, Maidenhead, Windsor And Maidenhead SL6 3PH 4 bed, detached £650,000 Freehold
17 May 2023 19, Tyrrell Way, Towcester, West Northamptonshire NN12 7AS 3 bed, terraced £280,000 Freehold
17 May 2023 27, Glenwoods, Newport Pagnell, Milton Keynes MK16 0NA 2 bed, terraced £220,000 Freehold
16 May 2023 Flat 46, Panorama Apartments, 2, Harefield Road, Uxbridge, Greater London UB8 1GW Flat £295,000 Leasehold
16 May 2023 18, Copthall Lane, Chalfont St Peter, Gerrards Cross, Buckinghamshire SL9 0DB 3 bed, semi-detached £623,800 Freehold
16 May 2023 38b, Verney Walk, Aylesbury, Buckinghamshire HP21 8ED 2 bed, flat £160,000 Leasehold
16 May 2023 The Jays, Salmons Lane, Prestwood, Great Missenden, Buckinghamshire HP16 0PY 2 bed, detached £596,000 Freehold
16 May 2023 Flat 18, Moonstone Court, Dashwood Avenue, High Wycombe, Buckinghamshire HP12 3FG 2 bed, flat £235,000 Leasehold
15 May 2023 39, Engaine Drive, Shenley Church End, Milton Keynes MK5 6BA 3 bed, semi-detached £150,000 Leasehold
15 May 2023 5, Carnweather Court, Tattenhoe, Milton Keynes MK4 3DL 4 bed, detached £650,000 Freehold
15 May 2023 31, Fairway, Princes Risborough, Buckinghamshire HP27 9DH 3 bed, detached £600,000 Freehold
15 May 2023 Pinefield, Stony Lane, Little Kingshill, Great Missenden, Buckinghamshire HP16 0DS 4 bed, detached £1,100,000 Freehold
15 May 2023 191, Marlow Bottom, Marlow, Buckinghamshire SL7 3PL 4 bed, semi-detached £610,000 Freehold
15 May 2023 1, Bakery Mews, Great Missenden, Buckinghamshire HP16 0AQ 2 bed, detached £731,850 Freehold
15 May 2023 7a, Priory Avenue, High Wycombe, Buckinghamshire HP13 6SQ 1 bed, flat £210,000 Leasehold


The real estate market in Buckinghamshire has seen remarkable growth over the last year, with average house prices reaching £506,845. Detached properties, in particular, have been in high demand, commanding an average price of £814,573. The overall surge in property prices, which has outperformed previous years, signifies the region’s enduring appeal for homeowners and investors alike. As the market continues to evolve, Buckinghamshire remains a captivating destination for property seekers seeking a blend of tranquility and urban amenities.

Posted on

Best ever spring market for vendors as prices hit new record

property market

There’s been a remarkable 1.7 per cent increase in the average asking price of homes coming to the market in just one month, according to Rightmove.

The national average is now £354,564 after the largest March increase for 18 years; in addition, the annual price growth rate of 10.4 per cent is the highest that Rightmove has recorded in any month since June 2014.

“This unprecedented price level is being stoked by the greatest imbalance between buyer demand and the number of properties available for sale that we have ever measured at this time of year. This is the strongest spring sellers’ market that we have ever seen in several metrics” says the portal in its latest snapshot, published this morning.

There are now more than twice as many buyers as sellers active in the market, which is the biggest mismatch between supply and demand that Rightmove has ever recorded at this time of year.

The speed of the market is further demonstrated by the fact that are there more than one in five deals being agreed on Rightmove within the first week of being marketed. This is double the figure for the same period in the more normal market of 2019.

Almost half are having a sale agreed within the first fortnight, another indicator of high demand and the likelihood of finding a buyer quickly.

“While these unprecedented numbers are helping to drive prices to new records, they do also show that there are a number of properties that will remain on the market after this time and that may benefit from a price reduction” cautions the portal.

 The largest monthly price rise has been recorded in the “top of the ladder” sector, predominantly comprising four bedroom or more properties.

This has seen a 3.8 per cent jump due to high demand and the greatest scarcity of supply, though encouragingly for prospective buyers in this sector 12 per cent more properties have come to market in the last month compared to the same period a year ago.

However it’s the more mass-market “second-stepper” sector that’s selling fastest, with just over half of these homes finding a buyer within the first two weeks of marketing.

Rightmove property data director Tim Bannister says: “Those who weren’t ready to take advantage of last year’s rush now have another chance to get on the market while these conditions last. Many of those who are selling in this record-breaking market obviously also face the prospect of buying again in the same market, and being in fierce competition against other buyers.

“Having a buyer for your own property, subject to contract, puts those who are buying again in a powerful position compared to buyers who have yet to sell, and agents report that these ‘power buyers’ are more likely to get the property that they want and negotiate the best deal on price.”

Bannister continues: “Agents report that despite the current high demand, a price reduction is often needed if a property has not found a buyer within the first two weeks.

“It could be that the property is too niche and has to wait for the right buyer with those specific requirements to come along, but more often it’s due to prospective buyers being underwhelmed by a seller looking for an over-optimistic asking price compared to other properties that are being snapped up at record speed. Acting quickly on a price reduction before the property goes stale can help to get sellers back on track for a speedier sale.”