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Property news: No slowdown in Essex house prices

PUBLISHED: 09:45 03 May 2016 | UPDATED: 09:45 03 May 2016

Brandon Lewis

Brandon Lewis

Archant

Essex property news. Keep an eye on the latest moves in the housing market

Linden Homes representative with SNAP and familes they have helpedLinden Homes representative with SNAP and familes they have helped

Housing minister visits Avellana Place homes

Minister of State for Housing and Planning, Brandon Lewis MP, enjoyed a visit to Bellway Homes’ Avellana Place in Colchester in March. The site was a former brownfield site and home to Betts Factory. The Government is working with 73 councils across England to pilot a new brownfield register that provides housebuilders with up-to-date information on all brownfield sites available for suitable housing needs.

Brandon said: ‘We want to help hard working families and first-time buyers own their own home and to achieve this by building on brownfield land wherever possible, to help protect the countryside. Avellana Place is a good example of homes being built on a former brownfield site and an illustration of our brownfield land building commitment.’

Race for new homes in Thundersley

Properties at Oaklands Park in Thundersley are expected to be snapped up quickly as homebuyers look for the opportunity to purchase new homes.

More than 800 people have registered their interest in just 57 private sale properties being built by Redrow on land at Kiln Road. The first homes at Oaklands Park were released for sale ‘off plan’ via Countryside Estates in Benfleet in March.

Richard Buxton, from Countryside Estates, said: ‘Oaklands Park is a new development for the area, giving homebuyers more to choose from. Between our offices and Redrow we’ve taken hundreds of enquiries from prospective purchasers. The smaller properties in particular have attracted keen interest from those looking for their first home. Based on the volume of people who’ve registered their interest, demand is expected to be high.’

No slowdown in Essex house prices

The East Anglia housing market has seen the first increase in supply in a year, according to the RICS UK Residential Market Survey in February 2016. Although it was a marginal increase of just 5% more surveyors reporting a pick-up in new instructions, this was similar to the national trend of 7%.

As overall activity in the UK housing market gathers pace, newly agreed sales in the East rose with 12% more surveyors reporting an increase in February, building on the positive picture that has started to develop over the previous three months. This upward trend is expected to continue across East Anglia with 39% more surveyors anticipating an increase in sales over the next three months.

Prices continue to rise with 91% more surveyors reporting an increase over the last three months, and a net balance of 35% more surveyors expecting to see further price rises over the next three months. This extends a very long period of uninterrupted price increases dating back to early 2013, highlighting the tightness of the market across East Anglia. This is the sharpest price rise in the UK.

Essex charity gets cash injection from Linden Homes

Essex-based charity SNAP (Special Needs And Parents) has received a welcome boost to its funds, thanks to Chelmsford housebuilder, Linden Homes. To support the charity, Linden Homes has held fundraising events throughout the year which has helped raise more than £3,000 for SNAP. Linden Homes sold quality furniture from its show home in Chelmsford, with all profits going straight to the charity. The team also held raffles at key events, including its very own Christmas party, creating another opportunity to raise extra money for such a worthy cause.

SNAP’s manager and founder, Hilary Needham MBE, said: ‘We are extremely grateful to Linden Homes who have been one of our key supporters for many years now.’

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