Anyone considering moving home in 2022 needs to weigh up their options. The cost of property, and your budget, are critical factors to bear in mind.
You also need to make sure you have access to local facilities and amenities that help you make the most out of life. We believe Norbury is a good place to live, and if you would like to learn more about the local property market, we are here to assist you.
Why do people love Norbury?
There are two critical factors that make Norbury a very good place for people to live.
The reliable main line train service connects residents to the heart of London in less than half an hour. Even if you will be working remotely for some time, knowing you can make it to central London in next to no time is a positive factor for anyone looking to buy a home.
You will also find that the standard of schooling in Norbury to be of a high standard. If you have young children, this is an obvious boost. However, even if you don’t have a family at school age, knowing that there is great schools means that demand for homes in the area is likely to remain high, which is another positive factor.
There is a lot of independent and interesting shops in Norbury, while you are close to Croydon, which has seen a significant uptake in major shopping facilities. No matter what you are looking for close to home, you should find Norbury has a great deal to offer.
How are property prices faring in Norbury in 2022?
According to Rightmove, as we move into 2022, house prices in Norbury are as follows;
“Properties in Norbury had an overall average price of £533,247 over the last year.
The majority of sales in Norbury during the last year were terraced properties, selling for an average price of £528,995. Flats sold for an average of £362,558, with semi-detached properties fetching £682,934.
Overall, sold prices in Norbury over the last year were 13% up on the previous year and 16% up on the 2017 peak of £461,350.”
As you can see from the above information, house prices in Norbury have risen sharply in the past 12 months. This isn’t a surprising outcome as this has happened in many places across the country.
Even though there are many reasons why property prices have risen, one key factor is that the demand for homes has been far greater than the supply of property.
If you are looking to sell your Norbury home, we know there are willing buyers looking in this area. We have helped connect many vendors and buyers, and we look forward to assisting you if we can.
Contact Holmes Estate Agents for all your Norbury housing market needs in 2022
We have considerable experience and expertise in the South West of London. We are ideally placed to help vendors, tenants and landlords during this challenging time. If you have any questions regarding the South West London property market, please get in touch with Holmes Estate Agents today.