It’s Clearly ‘Coming Home’ for Wembley Flat Owners
Wembley flats see 20%+ price increase in last 12 months
The world’s eyes will be on Wembley on Sunday (11th July) for the European Cup Final. But it’s not only football that has ‘come home’, local residents (particularly flat owners) may also feel they’ve scored when they see the latest Sprift data on the Wembley property market.
Research by the leading property data company shows that prices for flats have increased by 20.5% over the last 12 months. Prices have increased across the board, but far more modestly for other house-types – 1.44% for terraced houses and 1.67% for semi-detached properties.
If you do choose to plump for a property in HA9 (the Wembley postcode), then chances are your home will be pretty energy efficient too, with more than two thirds (65%) of all local properties sitting in the highest EPC efficiency grades A-C.
Matt Gilpin, CEO of Sprift, comments: “Our data shows that the flats market in Wembley has been extremely buoyant over the last year, with significant price increases.
“Today, there are more than 270 flats for sale in Wembley with the average price standing at £369,245 – another increase on the completed sale price of £325,350 from the last 12 months. It’s all go in Wembley and the London Borough of Brent!”
Abigail Grey, director at Grey & Co agents, said: “One of the reasons for the price increase is due to the fact that there has been huge investment and regeneration around the stadium, in particular, Wembley Park which has created a destination, with new homes, shops and an abundance of facilities. Wembley Park has many benefits; green space, gyms, cinemas (some of these are in the buildings), and some fantastic restaurants. All of this combined has elevated Wembley to becoming somewhere much more than a place for only sporting events.
“Wembley is also really well connected with two tube lines – the Jubilee Line and the Metropolitan Line, the overground and Chiltern line, plus close access to motorways which makes it commutable, whilst still being affordable.”