The 20 hottest streets and highest house prices in Sandbach
House prices in Sandbach have been moving in one direction so far this year, and that direction is up. In this article, we look at the house price trends in Sandbach postcode of CW11 and show you the hottest streets in the Sandbach Housing Market, those with the highest prices and we also provide an outlook for what is to come in the next twelve months in the Sandbach Housing Market.
Where are the highest house prices in Sandbach?
Like most housing markets across the UK, the housing market in Sandbach has been heating up during 2021 as homebuyers sought to take advantage of the Stamp Duty Holiday. So far this year the highest house prices have been seen in White Hall Lane, CW11, where we have seen a home sell for £1,255,000 already this year. This sale is significantly ahead of the second most expensive house sold in Sandbach, which was on Davenport Lane, CW11, for £965,000. Taking the final place on the podium is Church Lane, CW11 where we saw a home sell for £795,000 earlier this year.
We show White Hall Lane, Davenport Lane, Church Lane and the rest of the most expensive 20 streets in Sandbach in the chart below
How do Sandbach house prices this year compare to last year?
We believe that house prices in Sandbach increased by 8.9% in 2020. The most expensive house sold in Sandbach in 2020 was in Mill Lane CW11, which sold for £820,000 million. The second most expensive house in Sandbach sold in Spen Green CW11 for £800,000 and the third most expensive, in Moss Lane CW11 sold for £775,000. We show the rest of the top twenty most expensive streets in Sandbach in the chart below
Where are the hottest streets in the Sandbach housing market right now?
So far in 2021 Crewe Road has been the hottest street in Sandbach with 8 homes sold, followed by Hassall Road and Middlewich Road with 4 sales each making up the podium.
We show the top 20 hottest housing market streets in the table below
How have the hottest housing markets in Sandbach changed?
The hot housing markets in Sandbach changed considerably between 2020 and 2021. Only two streets appear in the hottest 20 streets in both 2020 and 2021, Crewe Road (8 sales in 2021 and 13 sales in 2020) and Middlewich Road (4 sales in 2021 and 6 sales in 2020). Both Crewe Road and Middlewich Road were also in the hottest 20 streets in 2019 a year not impacted by the COVID-19 pandemic.
We appreciate that the Sandbach housing market in 2020 and 2021 has been impacted by a certain pandemic of the COVID-19 variety, so in the chart below we look at the hottest streets in Sandbach for 2019
Sandbach housing market heat map
We think it helpful to show you how the hottest streets in Sandbach have changed over the last three years, and what better way to do that than by our old friend the Venn Diagram. The diagram below clearly shows that which residential streets are hot and which are not in Sandbach changes frequently in the active and dynamic Sandbach housing market
Looking back to the pre-COVID
Sandbach House prices in context: Is there such a thing as a housing market?
We often read a lot about ‘UK house prices’ and the ‘UK housing market’, but the boffins at Twindig don’t really believe there is a UK housing market, but rather a collection of hundreds and thousands of local markets which make up the ‘UK housing market’.
Sometimes a town or area, such as Sandbach has its own housing market and at other times a single street for instance Middlewich Road, Sandbach could be viewed as two housing markets its own right one for family homes and another for bungalows.
House Prices in Sandbach
Have house prices in Sandbach gone up or down during the pandemic?
The average house price in Cheshire East before the first lockdown was £226,155, rising slightly to £227,460 before the start of the Stamp Duty Holiday. The latest house price data from the Land Registry suggests that the average house price in Cheshire East was £266,439. House prices have therefore increased by a staggering £40,105 or 18% since the start of the pandemic, or to put it another way, since the start of the COVID-19 pandemic the average house price in Sandbach has increased by around £2,500 per month.
Overall house prices in Sandbach have moved more or less in line with house prices across England as a whole
Is buying a house in Sandbach a good investment?
Buying a house in Sandbach has been a very wise investment. The average house price in Sandbach in 1995 was £60,944 and this had increased to more than £220,000 in December 2020 an increase of, on average, 5.6% per year.
How active was the housing market in Sandbach during the pandemic?
If we look back to 1995, we can see that the volume of housing transactions in Sandbach were hit hard by the credit crunch, but made a strong recovery from 2012 onwards. Housing transactions initially rose after the EU Brexit Referendum in June 2016, but started to decline in 2017 and the COVID-19 pandemic accelerated that decline.
Sandbach House price forecast
As we have already noted an investment in housing in Sandbach has been a good investment and we expect those strong investment fundamentals to remain in the coming months. High demand for housing with a limited supply of homes for sale will, in our view, keep house prices in Sandbach keen and on the rise. As the economy continues to open up and we adapt to life with COVID and life after lockdown, we expect forecast house prices in Sandbach to increase by 5% in the coming 12 months.