Margate is the Queen’s Jubilee hotspot as prices double in ten years

• Ahead of the Queen’s Platinum Jubilee celebrations, new data reveals the areas that have seen the highest price growth in the ten years since the last jubilee
• Margate in Kent tops the list of asking price growth hotspots, with prices more than doubling (+107%) in ten years from £148,763 to £308,508
• Brislington in Bristol is the second hotspot, with prices jumping 104%, and Dover is third (+101%)
• Asking prices are up an average of 63% in East of England over the last ten years
• In London, along the Jubilee Line, Stratford is the ten year price hotspot with average prices for homes near the station more than doubling (+102%) from £238,150 to £480,271

To mark the Queen’s Platinum Jubilee, the UK’s biggest property website Rightmove today reveals the areas across Great Britain that have seen the biggest increase in asking prices for homes since the Diamond Jubilee ten years ago.

Margate in Kent tops the list, with average asking prices for homes more than doubling (+107%) from £148,763 to £308,508 – an increase of more than £150,000.

Brislington, an area within the city of Bristol, is the second jubilee price hotspot, with prices rising 104% from £166,192 to £338,800. Dover, in Kent comes third, where the value of property has doubled (+101%) to £261,474.

Areas in the South West and the South East make up the majority of the top ten hotspots, with four locations each. However overall, areas in the East of England have seen the biggest jump in asking prices for property at an average of 63%.

In London, Rightmove analysis looked along the Jubilee Line for the areas surrounding stations where properties have increased the most in value over the last ten years. The line is named after the Queen’s Silver Jubilee in 1977.

Stratford topped the list, with asking prices for homes near the station more than doubling on average (+102%) from £238,150 to £480,271. West Ham came second (+99%) and Wembley Park was third (+78%).

Rightmove’s Director of Property Science Tim Bannister said: “In a momentous occasion for the Queen it’s interesting to see the areas where house prices have risen the most since the last jubilee celebration. Homeowners in Kent are some of the biggest winners in this decade study, with four locations in the top ten, while for buyers, it’s easy to see the appeal in moving to an area near the coast for less the national average asking price. Bristol also emerges as a key hotspot, with four areas of the city also making up the top ten. With working patterns very different to that of a decade ago, it will be fascinating to see market dynamics in ten years from now, particularly in cities such as Bristol which may continue to attract more people who may have traditionally headed to London.”

Mark Brooks, CEO of Miles & Barr in East Kent said: “It is no surprise to us to see Margate top the list of areas that have increased in price the most over the last ten years. Margate provides prospective buyers with the opportunity to live in a picturesque town with stunning views of the sea, and with travel time back to London taking less than 1 hour 30 minutes to St Pancras station, it is a place that allows many to either solely work from home or have a hybrid working solution. Developments such as the Turner Gallery and Dreamland, alongside investments by Kent County Council, have brought new energy to the town and they also have attracted tourists to Margate which increases the local economy. Margate is also becoming more well-known and attractive to potential buyers due to the film industry as ‘The Empire of Light’, a film directed by Sam Mendes, was recently shot in Margate.”

Jubilee asking price hotspots

London Jubilee Line hotspots

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