Are you considering releasing equity in Runcorn: How much equity could you release?
House prices have risen rapidly over the past few decades. A major transport centre for the North East and located on the banks of the River Mersey, Runcorn has become increasingly popular in recent years. With easy transport to Manchester, Chester, and Liverpool, there is a real community spirit and many families.
Runcorn is also set to receive a £23million investment to regenerate the town centre, with the funding expected to be poured into new homes, a revamped station gateway, more pedestrian and cycle-friendly routes, and a new health and education hub.
Property site Rightmove states that in 2021 the average property price was just over £175,000. Most property sales during the previous year were semi-detached homes that fetched an average of £181,000, whilst detached houses sold for an average of £285,000. Terraced properties sold for an average of £115,000. Overall prices were up four per cent on 2020 and 8 per cent on 2019.
Check our equity release calculator to estimate how much money you could release from your property.