As we step into February 2026, it's a great time to reflect on the local property market dynamics for January. We have had our fingers on the pulse, analysing 284 unique data points that reveal some intriguing insights into property values, sales activity, and prevailing mortgage rates in our local areas of Dunstable (East), Chalgrave, Bidwell, Fancott, and Harlington.
To begin with, the average price per square foot across the local market stands at £360. This figure has remained fairly stable over the last six months, highlighting the resilience of property values in our region. It suggests that buyers continue to see value in properties here, whether they are considering family homes or investment opportunities.
In terms of the average property sale price, we're presently at £334,330. While this reflects a general upward trend in the market, it's also indicative of the varied housing options available. From charming Victorian terraces to newly built developments, there's a broad spectrum appealing to first-time buyers and seasoned investors alike.
One notable trend we've observed is the turnover of sales, which has reached 29%. This figure indicates how many homes sold relative to the total number of homes in the market and shows a healthy level of activity. A 29% turnover suggests that there is both a demand for properties and confidence among buyers—and this is a positive sign for the local community.
However, it's important to note the backdrop of the current financial environment as well. The average 2-year fixed mortgage rate is currently at 4.06%, which is relatively competitive. With average household incomes in our local market standing at £49,100, many potential buyers are still finding pathways into home ownership, despite the changes in the wider economic landscape.
While we look ahead, it's essential to consider how these factors might influence the property market in the coming months. With a stable price per square foot and a reasonably active sales turnover, we anticipate more buyers will continue to enter the local market. Each local area has its unique character, from the peaceful residential neighbourhoods of Bidwell to the vibrant community feel in Harlington.
As we move forward into the spring months, it's crucial for anyone considering buying or selling in our areas to have informed guidance. This is where our expertise at Deakin-White can help immensely. We pride ourselves on providing tailored advice and insights that account for the specific characteristics of the local market, enabling both buyers and sellers to make confident decisions.
In conclusion, January has served as a stable platform for the local market as we step into 2026. With a strong turnover in sales and competitive mortgage rates, we're optimistic about what the next few months will hold. Our team at Deakin-White, being proud members of The FIA, a network of high-quality UK independent estate agents, is here to help you navigate this dynamic market.
If you have further questions about the local property market or would like to request a market appraisal for your property, don't hesitate to reach out to us. Your journey towards buying or selling a home is important to us, and we're here to support you every step of the way.
