What’s happening in the property market, and what does it mean for Cheshunt homeowners and sellers? Here’s our expert round-up of the key headlines affecting EN8 and beyond – and why now might be the perfect time to consider your next move.

Base Rate Holds – But Hope Is on the Horizon

The Bank of England kept the base rate steady at 4.5% during its latest meeting – but there’s optimism in the air. Governor Andrew Bailey hinted that we’re on a “gradually declining path,” meaning lower interest rates may be just around the corner.

For Cheshunt sellers, this spells rising buyer confidence, especially among first-time buyers who’ve been cautiously waiting for the right conditions.

Mortgage Deals Drop Below 4% – But Be Quick

Here’s the good news: mortgage rates fell by their biggest margin in months, with many lenders now offering sub-4% deals on 60% LTV mortgages.

But there’s a catch – these deals are flying off the shelves. In March, the average mortgage offer lasted just 16 days, compared to 36 in February.

Thinking of selling your Cheshunt home? With buyers keen to lock in lower rates, now is a prime window to bring your property to market.

UK House Prices Still Growing – and So Is Buyer Demand

Despite last year’s market jitters, new data from Savills confirms what we see daily at Woodhouse HQ: property remains a solid investment. The UK housing market grew by £22.3 billion in 2024, driven by stability in mortgage lending.

At a local level, demand across Cheshunt, Goffs Oak, and Turnford remains high – particularly for well-presented family homes and properties near Brookfield Riverside and key transport links.

First-Time Buyers Return – But Cash Buyers Retreat

First-time buyers surged back into the market last year, adding £24.3 billion in mortgage-backed purchases. Meanwhile, cash buyers spent £8.4 billion less.

This is great news for sellers of starter homes, flats, and two-beds – especially in areas with strong commuter links like Cheshunt Station and the A10 corridor.

Pro tip from our team: If your home could appeal to first-time buyers, make sure it’s market-ready with fresh décor, great photos, and a competitive price – we’ll guide you through every step.

What This Means for Cheshunt Sellers

Here at Woodhouse Property Consultants, we’ve been selling homes across Cheshunt since 1996. With over 80 years of combined local expertise, we know how to position your property to maximise its appeal in a fast-changing market.

• Sub-4% mortgage rates = motivated buyers

• Rate cuts expected = increasing affordability

• First-time buyers active = strong demand for well-priced homes

Ready to Take the Next Step?

Whether you’re upsizing, downsizing or just curious about your home’s worth, we offer free, no-obligation market appraisals backed by real local knowledge – not just online estimates.

Call us on 01992 637777
Email info@woodhouseproperty.co.uk
Or pop into our Cheshunt office at 7 Clayton Parade, Turners Hill

Let’s help you move forward with confidence in 2025.