Find Out How Much Your Home Will Cost In 25 Years

Have you ever wondered how much your house might be worth in the future?

Online estate agents Settled have developed a tool help you discover what your home might be worth in the next 25 years.

Our homes are one of the few things we buy that increase in value over time.

According to Zoopla, UK house prices have increased by more than 275% in the last 20 years, with the current average home now costing around £299,745.

The tool takes average yearly increase rates from locations across the UK and projects what the value of homes in those areas might be in the future.

Try out the tool for yourself here and find out how much your home will be worth over the next 25 years:

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https://static.settled.co.uk/calc/

Powered by Settled

This tool may not necessarily reflect future property prices, but it gives a great indication of what you might expect of your property over the following years.

To put these prices into context, a property in Chelsea’s prestigious SW3 postcode would have cost £366,051 in 1995. Today, that same property will set you back a staggering £2.9 million as of January 2017.

UK’s Fastest Growing House Price Areas

Unsurprisingly, postcode areas in London were among the top locations projected for the largest growth over the next few years. With Farringdon topping the list, with an average yearly increase of 16.4%, south and west London are tipped to see the largest amounts of growth.

A property in Farringdon that costs £500,000 today will potentially cost £21,062,773 in 25 years’ time.

London Top 10 Areas

Postcode Area Average Yearly Increase
EC1M Farringdon 16.14%
W10  Ladbroke Grove 13.85%
SE24  Herne Hill 13.24%
SE11  Oval 12.91%
W1J  Green Park 12.86%
N5  Highbury East 12.51%
 SW7  South Kensington 12.49%
E10  Leyton 12.26%
N20  Whetstone 12.24%
W11  Notting Hill  12.23%

Outside of London, Llandudno tops the list of areas that are expected to see the most growth over the next few years.

Most areas to make the top 10 are based across the west of the UK, either in south west England or Wales.

Postcode Area Average Yearly Increase
LL21 Llandudno 13.53%
LL60 Anglesey 12.01%
SP9 Tidworth 11.61%
WR12 Worcester 11.27%
KT11 Esher 11.18%
BS11 Bristol 10.99%
TN20 Tonbridge 10.98%
RM20 Romford 10.87%
TN5 Tonbridge 10.78%
CH47 Chester  10.75%

A property in Llandudno that costs the current average price of £163,000 will be worth more than £3.89 million in the next 25 years.

These are only estimations based on past annual increases and may not necessarily reflect future property prices for that area.

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The post Find Out How Much Your Home Will Cost In 25 Years appeared first on Compare My Move.

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