LU6 MARKET UPDATE
As we wrap up September 2025, it's time to take a closer look at the local property market and delve into some insightful data from the past month. This review will help both buyers and sellers make informed decisions as we transition into the autumn months.
September has shown a robust performance in the local market, which includes Dunstable (West), Eaton Bray, Edlesborough, Holywell, and Kensworth. With a total of 189 recorded data points, we have gathered a comprehensive overview of the trends and statistics impacting the market.
One of the critical indicators of market performance is the average price per square foot. Over the last six months, this figure stood at £388. This value reflects a moderate increase, demonstrating sustained demand for properties in the local market. With buyers recognising the value of living in the area and appreciating its unique offerings, this price point serves as a testament to the ongoing desirability of our local neighbourhoods.
Additionally, the average property sale price in September reached £367,912. This figure is crucial for both prospective buyers who are looking to enter the market and for homeowners considering selling their properties. The average sale price provides a solid benchmark to gauge property values in the area, allowing sellers to set competitive yet fair prices while giving buyers an understanding of what they might expect to pay.
In terms of property turnover, September recorded a commendable 35%. This statistic indicates that more than a third of properties listed were sold during the month, showcasing a healthy level of activity in the local market. Such turnover is indicative of a strong demand from buyers, which is particularly encouraging for anyone considering putting their property on the market.
We should also take a moment to consider the current state of mortgage rates, as these can significantly affect buyer behaviour. The average two-year fixed mortgage rate is currently at 4.25%. This rate, while slightly higher than previous years, remains relatively stable and still offers a viable avenue for potential homeowners looking to secure a mortgage. Understanding these numbers plays a vital role in planning, particularly for first-time buyers or those looking to remortgage.
Household income is another telling factor in the local property market, with the average household income standing at £50,600. This statistic provides a deeper context for the property prices we've discussed. It could indicate that local buyers continue to have the financial ability to invest in property, ultimately supporting the demand in the local market.
As we move forward into Q4, it's essential for both buyers and sellers to remain aware of these trends. Understanding the local market dynamics is crucial for making informed decisions. For those considering selling a property, the current turnover and price trends are encouraging indicators of a solid market. Conversely, potential buyers should feel optimistic knowing that, despite economic fluctuations, purchasing a home is still a feasible option.
Whether you are looking to buy your first home, upsize, or downsize, the properties available in the local market present a variety of options to suit different needs. From charming cottages in Eaton Bray to spacious family homes in Dunstable (West), there truly is something for everyone here.
Furthermore, it's important to highlight that while the local market is performing robustly, it is always wise to approach any property transaction with careful consideration and guidance. At Deakin-White, we pride ourselves on offering expert advice tailored to your specific needs, ensuring you have all the information necessary to make the best decision for your circumstances.
In conclusion, September has proven to be an informative month for the local property market, showing signs of stability and growth. With average sale prices and square foot prices suggesting a strong demand, together with favourable mortgage rates, now is an excellent time to engage with the market whether you're buying or selling.
As a proud local member of The FIA, a network of high-quality UK independent estate agents, Deakin-White is here to assist you with any aspect of the property market. For further information about the local market or to request a market appraisal for your property, don't hesitate to reach out to us. We're always ready to help you navigate this vibrant market.
