Ahead of the Queen ’s Platinum Jubilee celebrations, new data reveals the areas that have seen the highest price growth over the last 10 years.
Margate in Kent tops the list, with average asking prices for homes have more than doubled (+107%) from £148,763 to £308,508 – an increase of more than £150,000, according to Rightmove analysis.
Brislington, an area within the city of Bristol, is the second jubilee price hotspot, with prices rising 104% from £166,192 to £338,800.
Dover, in Kent comes third, where the value of property has doubled (+101%) to £261,474.
Areas in the South West and the South East make up the majority of the top ten hotspots, with four locations each.
However, overall, areas in the East of England have seen the biggest jump in asking prices for property at an average of 63%.
In London, analysis looked along the Jubilee Line for the areas surrounding stations where properties have increased the most in value over the last 10 years.
The line is named after the Queen’s Silver Jubilee in 1977.
Stratford topped the list, with asking prices for homes near the station more than doubling on average (+102%) from £238,150 to £480,271.
West Ham came second (+99%) and Wembley Park was third (+78%).
Rightmove’s Director of Property Science Tim Bannister said: “In a momentous occasion for the Queen it’s interesting to see the areas where house prices have risen the most since the last jubilee celebration.
"Homeowners in Kent are some of the biggest winners in this decade study, with four locations in the top ten, while for buyers, it’s easy to see the appeal in moving to an area near the coast for less the national average asking price.
"Bristol also emerges as a key hotspot, with four areas of the city also making up the top 10.
"With working patterns very different to that of a decade ago, it will be fascinating to see market dynamics in ten years from now, particularly in cities such as Bristol which may continue to attract more people who may have traditionally headed to London.”
Mark Brooks, CEO of Miles & Barr in East Kent said: “It is no surprise to us to see Margate top the list of areas that have increased in price the most over the last ten years.
"Margate provides prospective buyers with the opportunity to live in a picturesque town with stunning views of the sea, and with travel time back to London taking less than 1 hour 30 minutes to St Pancras station, it is a place that allows many to either solely work from home or have a hybrid working solution.
"Developments such as the Turner Gallery and Dreamland, alongside investments by Kent County Council, have brought new energy to the town and they also have attracted tourists to Margate which increases the local economy.
"Margate is also becoming more well-known and attractive to potential buyers due to the film industry as ‘The Empire of Light’, a film directed by Sam Mendes, was recently shot in Margate."
Full list of 16 hotspots
Jubilee asking price hotspots
London Jubilee Line hotspots
