Are you thinking of buying or selling a home in Harrow? You might want to check the latest figures first. Property prices in the borough have taken a bit of a tumble in the last year, dropping by 1.1% according to the property experts at Zoopla.

That means the average price of a home in Harrow has dipped by a whopping £5,600, bringing it down to £505,900. While that might sound like bad news, it’s important to remember that prices are still much higher than the UK average of £264,300. So, Harrow homes are still considered a pretty good investment, even with the recent drop.

What’s even more interesting is that the national property market saw a slight decline of just 0.1% over the same period. So, while Harrow property prices are dropping, they’re doing so at a faster rate than the rest of the UK.

Five-Year Trend Shows Positive Growth

But don’t panic just yet! The long-term trend for Harrow homes is still looking pretty positive. Over the past five years, property values in the borough have increased by a healthy 11.3%. That means, while we might be seeing a bit of a dip right now, prices have been steadily rising over the past few years.

When we compare Harrow to the neighbours in Hillingdon, which includes areas like Ruislip and Hayes, we see that the average sold price over the last year is slightly higher at £512,548. But remember, prices vary depending on the type of property. In Hillingdon, detached houses are going for an average of £726,318, while semi-detached homes are selling for £547,875. Terraced houses average £487,087, and flats are going for around £305,032.

What Does It All Mean?

So, what can we learn from these numbers? The housing market is always changing, and Harrow is no exception. While we’re seeing a slight dip in prices right now, the long-term trend is still looking good. So, if you’re thinking of buying or selling, it’s best to do your research and talk to an expert to find out the best way to proceed.