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Semi-detached homes best performers in 10 years

Semi-detached properties have enjoyed the largest average price rise over the last 10 years, shows data collected by Springbok Properties.

The average semi-detached property price increased by 35.07 per cent from 2008 to 2019, representing a rise from £162,201 to £291,087, the research reports.

This was followed by terraced houses, which rose 33.93 per cent on average in the same time frame, increasing from £139,195 to £186,418.

In England and Wales, semi-detached properties increased the most. However, in Scotland detached property prices rose by the greatest amount.

Looking at Northern Ireland, all property types saw prices fall from 2008, with detached properties declining the least, dropping 15.9 per cent. Flat prices fell the most, at 59.31 per cent.

On a regional basis, semi-detached properties faired the best in almost all areas bar London, where the most profitable property type was terraced homes, which increased 75.9 per cent since 2008.

Springbok Properties founder and chief executive Shepherd Ncube says: “In the wake of such a devastating period as the market crash, many homeowners would have been understandably worried that their property would fail to regain any meaningful level of value.

“However, the UK market has bounced back and there has been a steady level of growth over the last decade, with semi-detached homes standing out as the most profitable property type to invest in pretty much regardless of location.

“This is largely due to a number of factors. They bridge the gap between first-time buyers and second or third rung buyers and can provide the additional space needed for the next stages of life without the price premium that a detached property will often command.

“They also make the ideal property for a buy-to-let landlord who wants the balance between an affordable investment option but with the space to maximise rental income.

“In many built-up areas, they are also often more prevalent than detached homes and so present the best option for many looking to move from a smaller terraced home or flat.”

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