REVEALED: Average house prices in Sheffield increasing below the UK average
Average house prices in Sheffield postcodes are increasing slower than the national average over the past 21 years according to new research by Settled.co.uk.
Between 1995 and 2016, average property value in the city grew by an average of 6.09% each year, with property in Hope Valley seeing the largest average increase of 10.68% annually.The research comes as the online property portal released a new calculator that allows homeowners to estimate what the value of their home might be in the future.As a whole average house prices in Sheffield are increasing slower than the national average of 6.75% each year. The largest increase in the UK came from London, where the highest average annual increase came from the Farringdon area where property value grew by an average of 16.14% each year between 1995 and 2016 The new online calculator asks users to enter the current value of their home and first part of the post code. A graph then visually represents the growth in value of their property, up to 25 years into the future. Property hunters are also able to enter a custom percentage growth to visualise their own predicted property price increase.The new tool is free to use and is available at Settled.co.uk