(Recently listed – Kynaston Road, London – Guide Price £1,500,000)
Optimistic Outlook for the Stoke Newington Property Market
By Julian Reid – Owner Julian Reid Estate Agents
The latest Land Registry House Price Index for December 2024 reports a 4.6% annual increase in UK house prices, up from the revised estimate of 3.9% in November. This puts the average UK home at £268,000 – £12,000 higher than the previous year. However, month-on-month figures showed a marginal dip of 0.1%, largely due to adjustments in the Land Registry’s methodology.
For homeowners considering marketing their property in North London in 2025, particularly those from our area of Stoke Newington, these broad national statistics don’t always reflect local market conditions and can be more than a little misleading.
Many homeowners look at these headline figures when researching the value of their property and are often influenced by these media headlines which oversimplify complex national and regional trends.
While the North East of England saw the highest regional growth at 6.7% for the 12 months to December 2024, London as a whole saw minimal price increases. Although the Stoke Newington market operates differently from the wider London region due to its distinct housing stock and strong community appeal, it certainly didn’t see anything like the headline increases.
The report also highlights the differences in price growth across property types. Nationally, semi-detached homes saw the biggest annual increase of 5.6%, while flats and maisonettes only rose by 2.3%. In Stoke Newington, where period conversions and Victorian terraces dominate, pricing trends can vary significantly from the national average.
The Land Registry index, while slightly behind real-time market activity, remains one of the most reliable indicators of house price movements. Unlike lender-based indices that focus only on mortgaged properties, the Land Registry’s data includes cash transactions, offering a fuller picture of the market.
At Julian Reid, we closely monitor these trends to provide accurate advice to buyers and sellers. While the market showed resilience in 2024, we anticipate 2025 to be a year of stability rather than sharp price increases. With inflation creeping upward, any anticipated interest rate cuts may help stimulate market activity, but buyer confidence will remain the key driver.
For homeowners looking to sell in Stoke Newington, it’s crucial to adopt a realistic pricing strategy. With the number of available properties at its highest level in a decade and 13% more sellers listing their homes than this time last year, the market favours buyers. Pricing too high based on last year’s reports could result in fewer viewings and longer selling times.
Ultimately, while there are positive signs in the housing market, sellers must remain pragmatic. At Julian Reid, we recommend a well-researched approach, ensuring sellers take advantage of strong demand while remaining competitive in a changing market. Stoke Newington continues to be a desirable location, and with the right pricing and marketing strategy, sellers can achieve great results.
A selection of Recently Listed Homes From Julian Reid
Here are just a few of our most recently listed properties for sale from our Stoke Newington office –
House foe Sale in London – Guide Price £1,500,000
Flat for Sale in London – Guide Price £695,000
Flat for Sale in London – Guide Price £425,000
Apartment for Sale in London – Offers Over £425,000
To see the very latest homes coming to the market, click ‘New to market homes’, this lists all of the very latest homes as they come to the market.
See our ‘Recently Sold Properties’.
Considering a Move in 2025?
Please feel free to call me at our Stoke Newington Office if you are considering selling your home in the N16 or surrounding areas of North London, either for an informal chat about the market and how we might help you with this or to book a market appraisal.
You can also use our Instant Online Valuation tool.
Good luck with your house hunting.
Julian Reid
See what our customers say – Customer reviews