New research reveals properties in Thurrock have seen the 1st biggest 10 year increase in value at 76.47%.
The study by PlumbNation looks at factors such as the cost of land, the proportion of planning applications that are successful and how much property values have increased over the last 10 years. Read more in the 2021 Homebuilders Report.
The areas where your property will see the biggest increase in value (outside London):
1. Thurrock
The best place outside of London for rising property values is Thurrock, which has seen an increase of 76.47% over the last decade. This area of Essex sits in the London commuter belt which has helped prices to rise to a current average of £300,000.
2. Gravesham
Just across the Thames from Thurrock sits our second place location, Gravesham, which experienced property price increases of 74.16% bringing local prices up to an average of £310,000.
3. Slough
Just to the West of London Heathrow airport is our third place entry, Slough. This area also benefits from close proximity to London and has seen local prices rise by 73.68% to an average of £330,000.
Despite removing London from this ranking to try and give a more general overview of property price rises across the country, every last one of the top ten locations are situated within a commutable distance from the capital. This shows just how much of an effect London has on inflating property prices in proximate areas.
Further insights
- Dartford is the best place to build your own home
- Kensington and Chelsea is the worst place in the country to build your own home.
- West Lindsey is the most affordable place in the UK to buy land
- Kensington and Chelsea are the least affordable places in the UK to buy land
- Outside of London, Elmbridge is the most expensive place in the UK to buy land
- Isles of Scilly is the best local authority for granting planning permission but has seen the least growth in property values
- Barking and Dagenham is the most difficult place in the UK to get planning permission
- Hackney is the area that has experienced the highest level of house price inflation over the last decade
