Property Boom: Is The Only Way Really Essex?

Britain’s latest property hotspot has been revealed as Brentwood, made famous by fake tans and drinking antics (The Only Way Is Essex).  The town, which is also the UK headquarters of Ford, has seen houses soar 16% in the 12 months to September – the highest increase in the country.

Houses in TOWIE’s neighbourhood have seen gains of £64,289 in value, and the average house price is now £457,314, with semi-detached homes the most popular.  The next best gains in the UK are in Canterbury / Hertford and Fleet (16/15% respectively).

Perhaps with more people moving they should hide their Bunkers a bit better…
Perhaps with more people moving there, Essex should look at how they hide their Bunkers…

In comparison, London homes have increased by 11%. Canterbury and Brentwood are gaining in popularity due to their short commutes, which will be helped further by the Crossrail link making London access even easier.

CrossRail will have a major impact to Essex commuters to London
Crossrail will have a major impact on Essex residents London commute

Jonathan Hopper, managing director of Garrington Property Finders, said: “Every year tens of thousands of Londoners move out of the capital to the surrounding commuter belt, driven by a desire for better value, more space and a wider choice of schools. The combination of both better value and better rates of capital appreciation is a compelling one, but the picture across the commuter belt is very mixed.”

Rod Stewart is a prime example of a Londoner looking to move to the green pastures of Essex.  He just bought a £10m mansion which comes with its own football pitch! It also comes with 10ha to allow for the beautiful Grade-II listed house to have the room it deserves.

The house has a tree-lined driveway, swimming pool, walled gardens and even a boating lake! The house is large enough to cater for a crowd. It has six bedrooms and the master suite includes elaborate wardrobe and vanity cabinetry by Clive Christian.

Rod Stewart's new Essex pad
Rod Stewart’s new £10 million Essex pad

Listing agent Timothy Phillips of Savills Head Office in London describes the estate as “idyllic”, at the end of a private lane “conveniently placed for the local amenities yet discreetly positioned for privacy and security”. Just what every celebrity needs.

DMZ can see that values in Essex have directly increased thanks to the arrival of Crossrail which is due to open in earnest in 2017. The impact of Crossrail can’t be understated, allowing for shortened commutes times and a direct link from Brentwood to Liverpool Street in just over 30mins. Maybe Joey, Arg and Mario were right – the only way is Essex.

What is DealMakerz Prime?

In depth stories

Want to know the story behind Britain's latest property mogul? Why a company is going bust? Our coverage goes beyond run-of-the-mill news on key real estate issues.

High powered community

Our subscribers are made up of the most influential Founders and CEO's in UK property. Gain a competitive edge and get informed - read what they read.

Exclusive guest articles

Understand exactly what the most senior figures in UK property are thinking. Exclusive opinion articles from powerful real estate influencers that move markets.

You might also like