House prices across the borough of Epsom and Ewell increased on average by more than three per cent in the 12 months to December, according to research by Hometrack.
Flats saw the biggest price increase, up to 6.65 per cent, which means the average flat in Epsom and Ewell will set you back £308,404 compared to £289,174 in 2015.
Terraced properties saw the second biggest price increase at 5.27 per cent, the average terraced property in Epsom and Ewell will now cost you £441,000 compared to £418,923 in 2015.
While detached properties saw the lowest price increase in the borough at 3.78 per cent, the average detached property in Epsom and Ewell will cost you £790,196 compared to £761,415 in 2015.
Semi-detached properties saw a bigger price increase than detached properties at 4.93 percent, the average semi-detached property in Epsom and Ewell will now set you back £531,966 compared to £506,972 in 2015.
Mark Hayward, managing director, National Association of Estate Agents (NAEA)
Although figures from Hometrack show property prices in Epsom & Ewell are on the rise, it’s vital if you’re planning to sell to get an accurate house price valuation.
By using a local reputable NAEA estate agent, you can ensure the right code of conduct is adhered to and you receive the correct information to help sell your house appropriately within the current market conditions.
Nick Hyett, Thomas & May
After the 2016 Brexit vote, 2017 has started positively in Epsom and Ewell and all indications are for a strong spring market.
With its good schools, shops and excellent rail links to London, demand in Epsom is high for apartments right through to detached family homes.
Thomas & May has more rental and sales properties on their books right now than any time in the past two years.
Ben Heath, MARAL, Leaders
Prices continue to rise in and around Epsom, with the area’s excellent connections to central London and the arrival of new highly sought-after developments such as Clarendon Park pushing demand up month by month.
Both the sales and lettings markets are performing strongly and it is common for properties to be snapped up by eager buyers and tenants within a few days of being made available.
Parkview Way is an excellent example of a street that sums up exactly why Epsom is so popular - and we have achieved high selling and rental prices there in recent months. It lies within walking distance of Ewell West station in Zone 6 and is close to several fantastic schools, ensuring it is a hit with professionals and families alike.
Brett Chinery, Greenfield
The Ewell market goes from strength to strength with prospective buyers loving its mix of leafy Surrey village feel, the outstanding schooling and the easy commute into the city.
Demand from both local buyers and those flooding out of south London is as high as ever but the chronic under-supply of good quality stock continues upward pressure on prices and we expect 2017 to mirror 2016.
All the Brexit doom-mongers have been proved completely wrong and the robust market shows no signs of weakness.
Mark Coysh, MNAEA, Michael Everett
National house price growth is expected to increase during 2017 albeit at lower levels than in previous years.
Out of 12 recognised forecasts only two believe that house prices will fall. National average predictions suggest a 0.9% rise, up to an optimistic three per cent for outer London.
The overall feeling locally is that price rises have reached a temporary halt.
The market is increasingly price sensitive and over priced property is simply sitting on the market unsold for long periods of time.
Agents need to achieve the right balance of maximising price, but asking a sensible figure from the outset to generate plenty of interest.
The market is still strong, we see no Brexit blues.