Your Hampstead property: Why release equity in NW3?
How long have you owned your Hampstead home? Properties in Hampstead, Belsize Park, Highgate, and the surrounding areas have seen huge increases in value over the years, so if you own a home and are aged over 55, you could access some of that money. Equity release is not always the right option for everyone and we can recommend other products including retirement interest-only mortgages and residential mortgages.
Hampstead is well known for Hampstead Village, which has been a magnet for celebrities and musicians over the years, and the Heath, which borders the north and east sides. Best known for its elegant Georgian, Victorian, and Edwardian architecture, people love Hampstead for its village atmosphere and close proximity to Central London.
According to Rightmove in 2020, the average house price in Hampstead topped £1.5 million. Flats were the most popular sales and sold for an average of just over £1million, with terraced homes fetching £2.5million and detached homes fetching £5.3million. In 2020, prices were up 4 per cent on 2019 and 5 per cent on 2018.
Would you like to know how much you could release? Please check out our equity release calculator.