In the East Midlands region, the average price of property is £630,186, which represents a 10.9 percent annual change in price. The premium price threshold in the East Midlands is £481,000, which means that the top five percent of sales in the region were above this figure. Over the last 12 months the average price per square foot has been around £291. The total value of sales over the past year has been £1.65 billion with 139 sales at or over £1 million.
Prime property price growth has been strengthening over recent months. The average price for a prime market property exceeds £500,000 in all areas of the region except Mansfield. Prices in Loughborough have topped £700,000 and the average price of property in Northampton is currently £678,846.
Click here to read the full F&C Spring Housing Market Report: East Midlands
Sitting in a charming rural setting, less than 10 miles north of Stamford, The Old Rectory was built in circa 1750 with a Victorian front that was added in 1850. On the ground floor, rooms are well proportioned, possessing high ceilings and original features such as working fireplaces, tall sash windows with internal shutters and window seats, plus stone and timber flooring. The beautiful garden that gently dips down the hillside provides glorious views of the surrounding countryside.
West Lodge is a stunning Grade II Listed, 18th-century farmhouse, set on 2.5 acres, extending over 7,800 square feet and boasting eight double bedrooms and seven bathrooms in the main house as well as a self-contained, two-bedroom cottage. This period property offers 10 reception rooms including a stunning oak library, a games room, a gym and a fantastic family room. There is also a spacious office which could easily accommodate four-to-six employees, a large stable block and a spacious garage that is perfect for a classic car collection.
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