Stevenage was designated as the first town in the UK in 1946 and has a population of approximately 88,000 people living there. The town is of three parts; the Old Town, Stevenage Town Centre and the Industrial area, so it has a plethora of amenities for everyone to enjoy. These are all contributing factors for the steady increase in housing prices as it is a fair place to buy, along with the housing market itself. At present (April 2021) the average house price in Stevenage is approx. £316,000.
The majority of sales in Stevenage during the last year were terraced properties, selling for an average price of £281,488. Semi-detached properties sold for an average of £364,532, with detached properties fetching £484,096. When the average house price across England currently sits at £249,633, you can see why it is such an attractive place to live. Stevenage also has a major train station interlinking many towns and cities, with it only taking 27 minutes to get into London.
House prices in Stevenage, Hertfordshire have rocketed in the last few decades. If you invested in one of the more popular style of home in Stevenage, a terraced house, in the mid-90’s for an average price of £52,740 and still have it, you will have seen a change of 465%.
Due to the fact that Stevenage homes sit above the National Average this makes buying a property quite a daunting prospect if you are a First Time Buyer yet they remain slightly lower than the rest of the county. Across Hertfordshire, house prices vary enormously. St Albans being the higher end of the budget with a terraced property selling for an average of £540,629.