Terrace homes rise fastest by Finance News Bulletin

Published: 15/03/07

News Companies & markets Investing Power collection Campaigns Mortgages & homesMortgage featuresInsurance Consumer advice Broadband & phones Retirement economy & banking Credit & loans little business Tax & wills Message boards Money blog gear & calculators Ask an expert Guides Compare & pay money forForever associated with two-up two-downs and Coronation Street, patio houses may not carry much glamour, but their value has risen faster than any other property kind in the history decade

HUMBLE TERRACE: They may not be the most glamourous properties but terraces have seen their value go up sharplyA QUICK cash MAKEOVER If you only have one minute to learn how to sort your money, forget the rest and read this>> Our 8-step planThe increase in cost of a humble patio has outstripped that of flats, semi-detached properties and even detached homes over the history decade according to a new report from Halifax land AgentsIt said that over the last 10 years the price of a typical patio home in the UK rose by 239% - compared to an average over all properties of 205%And in a reflection of the increasing cost of space in Britain, however little, the rise in worth of flats and maisonettes was close behind terraces, at 235%

separate properties and bungalows rose in value at a slower pace of 196% However, separate homes remain the state's most expensive – costing an average of £326,400 – compared to £110,250 a decade agoDespite their irresistible popularity, especially with unparalleled buyers and young families, terrace homes remain the UK's cheapest property kind The average terrace costs £186,300, compared to £54,950 in 1997, while a level or maisonette costs on average £194,450, compared to £58,000 ten existence ago

Homebuyers hunting a bungalow will disburse on average £215,850, compared to £73,000 10 years ago, while those looking for a half will disburse £198,000, compared to £63,650 a decade previouslyBut while for many the typical image of a patio homes may be a two-up two-down-style Victorian workers' terrace, better terraces in many towns and cities are enjoying a rebirth as family homesLUXURY patio: A terraced house in Kensington Square is up for sale at £695mTim Crawford, collection economist at Halifax Estate Agents, supposed: 'Our research shows there are big regional differences across sure property types

In many cases this is a result of the availability of possessions types and the composition of historic stock For instance, the ease of use and popularity of flats in London is much greater than in other regions of the UK'The cost of the average terrace in better London has reached £385,600, according to Halifax, while a classic Victorian terraced properties in many Zone Two central suburbs now expenses more than £500,000 Meanwhile, in London's Kensington four-sided figure recently named Britain's most expensive road, a four-bedroom Georgian terrace home is on the marketplace for £6

95m© 2007 Associated Northcliffe Digital Ltd Terms Privacy policy promote with us LoansCardsMortgagesInsuranceCompare the best deals around with This is Money

Please choose a loan£ choose a loan term 12 months (1 day 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 years) GO novel credit cardPick your favoured card offer Please choose 0% introductory rate No annual charge Cashback Loyalty scheme All of the above GO equilibrium transferPlease select a type of cover Life cover Home and contents automobile Breakdown services Health - medical Health - dental Travel favorite - dog favorite - cat GO RECLAIM ALL FEESAdvice/template mailBUY-TO-LET TIPSThinking about investing in property

This is Money has

Visit original article: