Cheshunt Property Market Update – January 2025: What Homeowners Need to Know

As we step into 2025, many Cheshunt homeowners and buyers are asking the same question: Is now a good time to buy or sell?

At Woodhouse Property Consultants, we’ve been at the heart of Cheshunt’s property market for nearly three decades, helping homeowners navigate market trends and secure the best deals. So, let’s break down the latest data, insights, and local market conditions to help you make an informed decision.

How Did the Cheshunt Property Market Perform in 2024?

Last year, we saw a positive finish to 2024, with the UK property market gaining momentum thanks to interest rate reductions in August and November. The Halifax House Price Index recorded a 3.3% increase in property prices, demonstrating resilience in the market.

???? Local Cheshunt Impact: We witnessed a strong Boxing Day Bounce, with a record number of Cheshunt homeowners listing their properties for sale. Buyer demand surged, leading to competitive offers on well-priced properties.

Where Is the Market Headed in 2025?

House Prices: Will Cheshunt See Growth?

Market experts predict modest national growth, with Knight Frank forecasting a 2.5% increase and Savills projecting up to 4%, depending on interest rates. However, local trends in Cheshunt often outperform national averages, as buyers seek homes in well-connected commuter towns.

???? Our take: In Cheshunt, where demand remains strong due to our excellent transport links to London and growing local amenities, we anticipate stable prices with slight upward movement in sought-after areas like Theobalds Park and Turners Hill.

Interest Rates: Will Mortgages Become Cheaper?

Although inflation remains a challenge, banks are optimistic that interest rates will trend downwards in 2025.

Predictions:

• Santander expects rates to drop from 4.75% to 3.75% by year-end.
• Barclays suggests they could fall as low as 3.5%.

What this means for Cheshunt buyers and sellers: Lower rates could make mortgages more affordable, bringing more buyers into the market, particularly first-time buyers and those looking to upsize.

Key Date to Watch: The Bank of England’s next interest rate decision on February 6—this could impact buyer sentiment and affordability.

Is It a Good Time to Buy or Sell in Cheshunt?

For Buyers:

• There’s currently a healthy choice of properties available in Cheshunt.
• Mortgage rates are expected to improve, making borrowing more attractive.
• Waiting too long may mean higher prices later in the year as demand increases.

For Sellers:

• Buyer demand remains high, but correct pricing and professional marketing are critical.
• Woodhouse Property Consultants’ strategic marketing ensures maximum exposure for your home, from Rightmove and Zoopla to social media and direct buyer outreach.
• Cheshunt properties priced competitively are selling swiftly, particularly family homes near good schools and transport links.

Local Market Insights: Why Cheshunt Remains a Property Hotspot

1. Commuter Appeal – Cheshunt remains a top choice for London commuters, with fast train links to Liverpool Street and Tottenham Hale.
2. Strong Rental Market – Investors continue to target Cheshunt due to its excellent rental yields.
3. Regeneration & Growth – Plans for local infrastructure improvements and retail expansions enhance Cheshunt’s long-term value.

Thinking of Selling? Get an Expert Valuation Today

Remember: National statistics don’t tell the full story. Cheshunt’s property market has its own unique trends, and as your local experts, we’re best placed to provide accurate, up-to-date valuations.

Get a free, no-obligation market appraisal—let’s discuss how we can maximize your home’s value and secure the best buyer.

Contact Woodhouse Property Consultants today:
7 Clayton Parade, Turners Hill, Cheshunt, EN8 8NQ
01992 637777
info@woodhouseproperty.co.uk
www.woodhouseproperty.co.uk

Know someone thinking of buying or selling in Cheshunt? Share this article with them!