By Charlie Higgs – Owner Village Properties
Optimistic Outlook for 2025 Tilehurst Property Market
The latest Land Registry House Price Index for December 2024 reveals that UK house prices increased by 4.6% over the past year, up from 3.9% in November. This places the average UK home at £268,000 – £12,000 more than at the same time a year ago. However, the month-on-month figures for December showed a minor decline of 0.1%, largely due to adjustments in the Land Registry’s reporting methodology.
For homeowners in Tilehurst, these national figures don’t always provide an accurate reflection of the local property market. Many sellers look to these statistics when researching the value of their homes, but regional variations play a huge role. For example, the North East of the UK saw the highest growth at 6.7%, whereas London’s market remained largely flat. The South East, which includes Berkshire, recorded a 4.4% increase over the past year, but this doesn’t capture the nuances of Tilehurst’s market, where demand is driven by families, first-time buyers, and those looking for more space outside of Reading’s town centre.
The average property value is also significantly higher in Tilehurst compared to the national average, so mortgage affordability is a far greater influencer for local buyers, than those in lower-value areas.
Another interesting statistic in the report is the variation in price growth by property type. Nationally, semi-detached homes saw the biggest annual increase at 5.6%, while flats and maisonettes rose by just 2.3%. In Tilehurst, where semi-detached and detached homes dominate, the market remains steady, particularly with continued demand from commuters seeking good transport links into Reading and London.
Although the Land Registry index reflects past data, it remains the most reliable measure of the housing market. Unlike lender-based indexes that only account for mortgaged properties, the Land Registry includes all transactions, including cash purchases, which make up around 40% of sales. This provides a clearer picture of market trends.
At Village Properties, we closely monitor local market shifts to give buyers and sellers in and around the Tilehurst area the most accurate advice. The market proved resilient in 2024, and while we don’t anticipate significant price surges in 2025, we expect price stability to be maintained. While possible interest rate cuts could boost buyer activity, the key factor will be buyer and seller confidence.
For those looking to sell in Tilehurst, it’s important to recognize that we are currently in a buyers’ market. The number of available properties is at its highest in a decade, with 13% more sellers listing their homes than this time last year. Pricing a property too optimistically will almost certainly lead to fewer viewings and a longer selling process.
At Village Properties, our advice is to take a well-informed approach to pricing. Tilehurst remains a desirable location for families and professionals due to its excellent schools, green spaces, and convenient transport links. Sellers who price their homes competitively while capitalizing on strong buyer demand will be best positioned for success in this evolving market.
Recently Listed Homes by Village Properties
Here are just a few of the properties recently listed for sale from our Tilehurst Office –
House for Sale in Tilehurst – Price Guide £535,000
House for Sale in Reading – Guide Price £500,000
House for Sale in Reading – Guide Price £415,000
House for Sale in Reading – Guide Price £365,000
To see the very latest homes coming to the market, click ‘New to market homes’, this lists all of the very latest homes as they come to the market.
Or see our ‘Recently Sold Properties’.
Moving in 2025?
If you are thinking of buying or selling a home in Tilehurst or the surrounding areas of Reading, please feel free to call me for an informal chat, I’ll be pleased to help you if I can.
You can also book a Face to Face Valuation, or use our Instant Online Valuation tool.
Thank you for reading
Charlie Higgs – Village Properties Tilehurst
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