At the start of the pandemic in May 2020, the Bank of England predicted that property prices would take a massive hit.
In fact, the average house price in the UK increased by 7.6% between January 2021 and January 2022, meaning the housing sector not only survived, but thrived.
In the same time period, the price of houses for sale in St Helens boomed by a whopping 15.3%. In January 2021, the average house price in St Helens was £149,331, but by January 2022 it had increased to £172,119.
In this blog, we’ll discuss the price of houses for sale in St Helens, as well as our predictions for the housing market in St Helens throughout the rest of 2022 and beyond.
Price of houses for sale St Helens
Here at Stapleton Derby, we’ve seen the average house price in St Helens fluctuate dramatically over the years.
In the long term, house prices in St Helens, and throughout the UK, will continue to rise – although periods of economic recession will mean there will always be times when prices slump for a while.
What type of property can I get for the average asking price in St Helens?
As mentioned, the average asking price of houses for sale in St Helens at the start of 2022 was £172,119. But what will that get you for your money?
Let’s take a look at some of the houses for sale St Helens around that price at Stapleton Derby.
For just less than the average house price in St Helens, you could purchase this charming two bedroom terraced home on Edward Road, in the popular area of Whiston.
Featuring a driveway, extended kitchen, and a lovely rear garden, we’re sure you’ll agree that this property is great value for money at only £170,000.
Alternatively, if you don’t quite have that much cash to spare, for £125,000 you could get your hands on this lovely two bedroomed terraced property in a sought-after and rarely available location on Greenfield Road, Dentons Green.
Is now a good time to buy property in St Helens?
It’s a seller’s market at the moment, as demand is currently higher than supply, not only for houses for sale in St Helens, but across the UK. So, if you’re looking to sell property in St Helens right now, you’re likely to make yourself a tidy profit.
As a buyer, you’re likely to find yourself in a bidding war when attempting to buy your dream property. However, it’s an especially good time to buy property in St Helens if you’re an aspiring landlord. This is because there is presently a shortage of houses to rent in St Helens, so you’re likely to make a decent income from renting out your property.
What will happen to the price of houses for sale St Helens in 2022?
We expect that the increase in house prices in St Helens will slow, and perhaps even fall slightly, later this year or in early 2023, due to a range of factors.
These include the end of the stamp duty holiday, fewer mortgages being agreed, and the cost of living crisis that is currently being worsened by the Russia-Ukraine war.
Additionally, with the Bank of England looking to increase interest rates, this will lead to mortgages becoming more expensive. Inevitably, demand for houses for sale in St Helens and beyond will therefore decrease, putting the brakes on the soaring cost of homes.
Speak with an expert about houses for sale St Helens
If you’d like to be the first to know when houses for sale in St Helens become available that meet your requirements, get in touch with our friendly and helpful team.