Latest prices in Welwyn Hatfield for Detached properties
The latest figures show that the average price for a Detached property in Welwyn Hatfield has now reached £916,558 as of Jul 2024. This value is based upon the average value of completed property transactions in the month of July.
Average prices for a Detached property have increased substantially over the longer term in Welwyn Hatfield. Back in January 1995, prices for this type of property averaged £155,698 based on sales at the time. Fast forward to January 2024, and averages reached £900,065 - representing a growth of 478% over 29 years.
This substantial triple-digit percentage rise in Detached property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Detached homes in Welwyn Hatfield over the past 3 decades.
Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.
The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.
Detached prices in Welwyn Hatfield over the last 12 months
Date
Price
Aug 2023
£959,056
Sep 2023
£944,580
Oct 2023
£921,961
Nov 2023
£920,642
Dec 2023
£902,287
Jan 2024
£900,065
Feb 2024
£922,623
Mar 2024
£919,431
Apr 2024
£901,309
May 2024
£883,088
Jun 2024
£901,214
Jul 2024
£916,558
Recent trends for prices in Welwyn Hatfield
The latest figures from July 2024 indicate the property market in Welwyn Hatfield continues to show rising price trends. Compared to June, 2024, average prices increased by 1.9% to £433,688. On an annual basis, average property prices have decreased -2.3% since 12 months ago.
In terms of sales activity, there were 40 residential property transactions completed in Welwyn Hatfield during July, 2024. Of these purchases, 28 were financed with a mortgage while 6 were all-cash sales. For cash buyers, average prices have changed by 1.9% since June, 2024, coming in at around £430,346. For properties purchased with a mortgage, the average price changed by 1.9% since June, 2024, to £434,558.
Compared to the overall picture in its national parent England, the average property price in Welwyn Hatfield are higher than the current national average of £305,879. While Welwyn Hatfield saw a change of 1.9% over the last month, England as a whole recorded a percentage change of 0.2% in average property values. And on an annual basis, prices across England have grown by 1.6%, more than the -2.3% yearly change seen in Welwyn Hatfield.
Interested in purchasing a property in Welwyn Hatfield? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in Welwyn Hatfield by housing type
Prices last recorded in July, 2024
average
£433,688
detached
£916,558
flat
£244,223
semi-detached
£521,999
terraced
£396,300
Prices by housing type in Welwyn Hatfield
Recent data shows that price growth has varied across different property types in Welwyn Hatfield over the last year. For terraced houses, property prices changed by 2.1% between July 2024 and June 2024 to reach £396,300, and changed by -1.2% over the last 12 months. The annual change was greater than the 1.8% change seen for terraced homes in England overall.
Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £521,999 in June 2024. This represents a 1.8% change from the same month last year.This is underperforming the 2.2% annual change in semi-detached values across the country.
Detached homes in Welwyn Hatfield gained 1.7% month-over-month to reach an average of £916,558. Annually, detached property values have changed by -3.2%. This is weaker price growth compared to England's 1.6% change for detached houses over the year.
For apartments and flats, average prices increased by 1.9% between July and June 2024, hitting £244,223. Over the last 12 months, apartment values have changed by -3.7%, lagging England's flat and apartment growth rate of 0.4%.
Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of -1.1%, while flat properties lagged, with a change of -3.7%.
Recent purchases in Welwyn Hatfield
According to data from HM Land Registry, there were 40 completed property purchases in the area of Welwyn Hatfield in July 2024. Of these sales, 6 were recorded as cash purchases whilst 28 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by -2.2% and the percentage of properties purchased with cash has changed by -2.5%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
Use one of the following links to find more specific information about the type of property you're looking for in welwyn-hatfield.
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