Could Chafford Hundred Millennials live it up for the next few decades, safe in the knowledge they will get a huge lump sum to pay off their debts and buy a house with what is left?

Hornchurch Property Prices Have Risen by 506% Since 1995

The South Ockendon and Aveley property market is like a seesaw. For the last two years, it has been quite firmly in the realms of a 90% seller's/10% buyer's market.

Selling an inherited property can be a daunting prospect at the best of times. First there is the emotional impact of dealing with the loss of a relative or friend. And then there are the legal responsibilities, paperwork and financial matters to consider…

There's concern among some landlords about how this new law might affect them since many don't yet know what impact it could potentially cause in terms of whether certain homes become "unrentable" due to either misunderstanding tenant’s rights as well as the risk of mortgage default rates raising even further than already proposed.

Even though the average value of a South Ockendon and Aveley first-time buyer property has risen by 332.4% since 1989 to £321,120, the monthly payments South Ockendon and Aveley first-time buyers must make on their mortgages as a proportion of their take-home pay is 43.8% less today compared to 1989.

Many South Ockendon and Aveley homeowners and landlords have been contacting me recently and asking what will happen to the local (and the UK) property market? More specifically, will we have a repeat of the 2008/9 Credit Crunch property crash?

The Hornchurch property market is on the cusp of a tipping point. It’s a tipping point that will influence Hornchurch house prices, the number of properties available to buy, demand for those Hornchurch properties and the lives of every homeowner and the property-owning buy-to-let landlords in Hornchurch.

The last couple of years of the Hornchurch property market has seen some amazing prices being achieved with multiple offers and many properties selling for way over the asking price.

Over the last two years, the Hornchurch property market has been a rollercoaster ride of hyperactive demand together with the new sport of getting your offer accepted when you compete with 30 other bidders.

I have been writing about the South Ockendon and Aveley property market over the last few weeks, the tide is beginning to turn, and the pendulum swing more towards a balanced South Ockendon and Aveley property market as more homeowners in the South Ockendon and Aveley area (RM15) have been reducing their asking prices.

Buying a home can be a lot more expensive than you may think, and there are usually hidden costs that can end up adding more than 10% to your total property bill. The costs that come with owning and running a house can often surprise former renters, meaning their budgets don’t quite match their financial needs…