• The ten most ‘up-and-coming’ areas in Essex where prices are soaring

    November 28, 2019 | Blog | nvziy
  • The most ‘up-and-coming’ areas in Essex, where house prices have risen dramatically in the past five years, have been revealed.According to the most recent data by Rightmove, ten places in Essex have seen increases of between 28 and 36 per cent when looking at average asking prices from 2014 and 2019.Basildon has seen the biggest increase – 36.45 per cent from £204,913 to £279,594.Here are the rest of the top ten towns in Essex which have seen huge percentage increases.

    1. Basildon – 36.45 per cent

    The town of Basildon has had a bad rap over the last few years for its diminishing high street and poor crime record.

    But there is clearly something still drawing people to the area, as demand has seen an increase of more than £70,000 for the average asking price.The town has seen the largest increase in Essex, making it arguably one of the most ‘up-and-coming’ areas.

    • 2014 – £204,913
    • 2019 – £279,594

    2. Rayleigh – 32.77 per cent

    The market town of Rayleigh, located between Chelmsford and Southend-on-Sea, comes second on the list of ‘up-and-coming’ areas.

    Just a 45 minute train to London, the town has become a popular area for people to move to and has seen average asking prices rise more than £100,000 in the last five years.

    • 2014 – £307,129
    • 2019 – £407,772

    3. Clacton-on-Sea – 32.69 per cent

    Clacton is the largest town in the Tendring district and has seen a lot of development in the area

    It’s known for having some of the cheapest houses in Essex, but has still seen a large increase in asking prices

    • 2014 -£184,808
    • 2019 – £245,218

    4. Wickford – 31.89 per cent

    Just 30 miles east of London and sat in the borough of Basildon, Wickford has become another area where prices have soared.There is a huge new housing estate at St Luke’s park with four and five bedroom houses.

    • 2014 – £272,806
    • 2019 – £359,800

    5. Canvey Island – 31.29 per cent

    Coming in at number five on the list, according to Rightmove’s data, is Canvey Island.The seaside town, in the Castle Point borough, has seen average asking prices rise more than £70,000.

    • 2014 – £223,378
    • 2019 – £293,272

    6. Harlow – 29.7 per cent

    Harlow may be high on the list when it comes to the number of children living in poverty, but it also makes the top ten when discussing house price increases.

    The new town, which borders Hertfordshire and London in the west of the county, has seen average asking prices go up by 29.7 per cent.

    • 2014 – £278,613
    • 2019 – £361,371

    7. Witham – 28.57 per cent

    Not far from the city of Chelmsford with a direct route to London, Witham has become a hotspot for commuters and first time buyers.With lots of schools and new developments like Redrow, the price homeowners are selling at has increased dramatically over the last five years.

    • 2014 – £252,156
    • 2019 – £324,202

    8. Rochford – 28.55 per cent

    Rochford has also seen prices rise considerably.Known for its proximity to London Southend Airport, property asking prices rose by just under 30 per cent.

    • 2014 – £275,421
    • 2019 – £354,064

    9. Maldon – 28.39 per cent

    It may be number nine on this list, but properties in Maldon reach some of the most expensive asking prices in Essex.

    Famous for it’s Hythe Quay and home to the Thames Barges, Maldon is popular for its beach and mud race.

    • 2014 – £315,340
    • 2019 – £404,862

    10. Walton-on-the-Naze – 27.87 per cent

    Three bedroom terraced house in Walton-on-the-Naze for £235,000.Last in the top ten is Walton-on-the-Naze, the seaside town facing FrintonAlso in the Tendring district, Walton is near Clacton which also features in Rightmove’s top ten.

    • 2014 – £173,057             
    • 2019 – £221,281

    Thanks to Essex Live News for the post: https://www.essexlive.news/news/essex-news/ten-most-up-coming-areas-3561090