Harrow has been seeing an interesting mix of property prices lately with recent sales figures giving us a glimpse of this.
Take the semi-detached houses on Elmcroft Crescent in Pinner and West Street, Harrow on the Hill – they fetched £780,000 and £825,000 respectively.
Then there’s the terraced house on Torbay Road, Rayners Lane which sold for £530,000. But the showstopper? A property on Ingleby Drive, Harrow on the Hill, bagging a whopping £1,770,000.
Clearly, in Harrow, the type and location of a property can make a huge difference in price.
Where Harrow Stands Among Its Peers
Zooming out to the broader scene, Harrow’s average property price of £598,000 makes it the 11th most expensive postcode area out of 105 in England and Wales. That’s pretty high up there, especially when you consider that Harrow is more affordable than West London and South West London where prices often soar past the £1 million mark. In stark contrast, areas up north like Oldham, Bradford, and Sunderland are way more wallet-friendly. This stark difference really highlights the premium tagged to London boroughs.
Other parts of Harrow and neighboring areas like Preston, Harrow Weald, Pinner, Wembley, and Northolt display a spectrum of average prices. Northolt sits at the more modest end with an average of £436,461, while Pinner boasts a higher average of £697,904. This variety tells us that even within a stone’s throw of Harrow, prices can vary widely, influenced by unique local features and amenities.
Harrow’s property market is dynamic and diverse. With its median price per square meter at £6,100 and being the 11th priciest in England and Wales, Harrow is clearly a hotspot in the London housing arena.
What’s Driving House Prices in Harrow?
Harrow’s housing market is influenced by several key factors. One of the biggest is its excellent transportation links. Being able to easily travel to central London is a huge draw. This convenience alone can drive up house prices, as more people want to live in areas with good transport options.
Schools are another big factor. Harrow is known for its high-quality schools, including the famous Harrow School. Families often want to move to areas with good schools, which pushes up demand and prices for homes in these areas.
The variety of local amenities – like shopping centers, restaurants, and parks – also adds to Harrow’s appeal. People love having these conveniences close by, and this desirability is reflected in property prices.
What’s Next for Harrow’s Housing Market?
Looking ahead, Harrow’s housing market seems set for steady growth. Some areas in Harrow are pegged for development, including Harrow Town Centre, which could mean an increase in property values. Historically, Harrow’s property prices have been on an upward trend, and this is expected to continue.