Should I buy a terraced or semi-detached house in Rochester?
April 1st, 2022
Which house should I buy in Rochester?
One of my clients asked if they should buy a terraced or semi-detached property in Rochester with a view of maximising the capital growth.
Answering this question will help you figure out which properties you should buy…The average asking price of a semi-detached in Rochester is £328,300 today compared to £266,400 for a terraced.
During the last 5 years, semi-detached properties in Rochester have increased in value by £46,891 (16.66%) versus £28,899 (12.17%) for terraced properties. So surely, the semi-detached is the better bet? With a larger capital growth over 5 years and the demand in the area for semi-detached homes being 4% greater vs terraced this was the answer I gave my client.
If you would like my help in buying a property in Rochester please contact me on 07557783325 or using the form below. If you are looking to buy a property in another area and would like my advice I would be happy to help.