The Warrington property market and choosing an equity release mortgage
Many people over the age of 55 have financial concerns and are looking for ways to make their retirement more enjoyable. The largest town in the county of Cheshire, Warrington is known as the gateway to the North and offers many opportunities for the people who reside there. The economic growth and regeneration plan started in 2012 has seen a rise in development, enterprise, and investment. In 2017, the £142million development of the town centre was completed and now it is home to many restaurants, bars, and entertainment venues.
Property site Rightmove states that in 2021 the average property price stood at just over £226,000. The majority of property sales during 2020 were semi-detached homes that fetched an average of just over £249,000, whilst detached houses sold for an average of £417,000. Terraced properties fetched £184,000. Overall prices were up by 5 per cent on the previous year and 16 per cent on their 2019 peak.
Want to know how much tax-free cash you could release from your property? Use our equity release calculator.