Property prices in Mole Valley

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Latest prices in Mole Valley for Detached properties

The latest figures show that the average price for a Detached property in Mole Valley has now reached £938,499 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.

Average prices for a Detached property have increased substantially over the longer term in Mole Valley. Back in January 1995, prices for this type of property averaged £173,344 based on sales at the time. Fast forward to January 2024, and averages reached £960,986 - representing a growth of 454% 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 Mole Valley 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.

Cited from HM Land Registry

Detached prices in Mole Valley over the last 12 months

DatePrice
Mar 2023£968,562
Apr 2023£973,823
May 2023£979,877
Jun 2023£975,830
Jul 2023£975,477
Aug 2023£983,380
Sep 2023£985,890
Oct 2023£996,855
Nov 2023£985,153
Dec 2023£999,576
Jan 2024£960,986
Feb 2024£938,499

Recent trends for prices in Mole Valley

The latest figures from February 2024 indicate the property market in Mole Valley continues to show falling price trends. Compared to January, 2024, average prices decreased by -2.1% to £553,092. On an annual basis, average property prices have increased 0.8% since 12 months ago.

In terms of sales activity, there were 25 residential property transactions completed in Mole Valley during February, 2024. Of these purchases, 8 were financed with a mortgage while 3 were all-cash sales. For cash buyers, average prices have changed by -2.3% since January, 2024, coming in at around £544,891. For properties purchased with a mortgage, the average price changed by -2% since January, 2024, to £556,793.

Compared to the overall picture in its national parent England, the average property price in Mole Valley are higher than the current national average of £297,735. While Mole Valley saw a change of -2.1% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, less than the 0.8% yearly change seen in Mole Valley.

Interested in purchasing a property in Mole Valley? 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 Mole Valley by housing type

Prices last recorded in February, 2024

average

£553,092

detached

£938,499

flat

£278,948

semi-detached

£553,608

terraced

£432,715

Prices by housing type in Mole Valley

Recent data shows that price growth has varied across different property types in Mole Valley over the last year. For terraced houses, property prices changed by -1.8% between February 2024 and January 2024 to reach £432,715, and changed by 1% over the last 12 months. The annual change was less than the -1.7% change seen for terraced homes in England overall.

Meanwhile, semi-detached properties saw a fall in average prices locally, taking them to £553,608 in January 2024. This represents a -1.8% change from the same month last year.This is outperforming the 0.2% annual change in semi-detached values across the country.

Detached homes in Mole Valley lost -2.4% month-over-month to reach an average of £938,499. Annually, detached property values have changed by 0.1%. This is stronger price growth compared to England's -0.5% change for detached houses over the year.

For apartments and flats, average prices decreased by -2.2% between February and January 2024, hitting £278,948. Over the last 12 months, apartment values have changed by 0.2%, surpassing England's flat and apartment growth rate of -2.8%.

Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of 2.1%, while detached properties lagged, with a change of 0.1%.

Recent purchases in Mole Valley

According to data from HM Land Registry, there were 25 completed property purchases in the area of Mole Valley in February 2024. Of these sales, 3 were recorded as cash purchases whilst 8 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 0.8% and the percentage of properties purchased with cash has changed by 0.9%.

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 mole-valley.

All property prices in mole-valley

Semi-Detached property prices in mole-valley

Terraced property prices in mole-valley

Flat & Apartment property prices in mole-valley

First Time Buyer prices in mole-valley

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