The online property portal has created a new tool that allows homeowners to estimate what the future value of their home might be and according to the latest data, areas north of Snowdonia National Park are showing the largest property price booms outside London.
London has seen a steady shift in property prices with an average yearly rise of 8.7% over the past 20 years. Farringdon has seen London’s largest increase with an average annual growth of 16.14%. According to the property prediction tool a £350,000 home in Herne Hill could be worth over £2million in 15 years if price trends continue.
The new online platform asks users to enter the current value of their home and first part of the postcode. A graph then visually represents the growth in value of their property, up to 25 years into the future. Property hunters are also able to enter a custom percentage growth to visualise their own predicted property price increase.
