Welcome to our latest property market update. April kicked off with some big talking points in the UK property market. While the dust is still settling after a turbulent few years, there are signs of balance returning – though not without some fresh challenges along the way.
Whether you’re buying, selling, letting, or renting, here’s what’s been happening this month and what it could mean for you in Bolton & Bury. At Cardwells Estate Agents, we’re here to keep you informed with practical updates and local insight that matters in our property market update.
House Prices: Where Do Things Stand?
House prices across the UK have continued a slow but steady upward trend. According to the latest UK House Price Index from the Office for National Statistics, the average UK house price in February 2025 (the most recent confirmed data) is £281,000, showing a 1.8% increase year-on-year.
ONS House Price Index
Rightmove House Price Report – April 2025
Rightmove reports that the average asking price for homes entering the market in early April reached a record high of £377,182, driven by seasonal demand and improved confidence among sellers.
If you’re thinking of selling your home or exploring property for sale in Bolton & Bury, this season offers one of the strongest windows of opportunity in recent years.
Mortgage Rates: Stabilising with Caution
Mortgage rates have settled somewhat following volatility in late 2024. As of early April:
- The average two-year fixed rate is 4.84%
- The average five-year fixed rate is 4.72%
These figures are down from the highs of over 6% seen last year and are giving more borrowers room to manoeuvre. Some high street lenders are even offering sub-4% deals for those with larger deposits.
Lenders are still cautious, so if you’re buying property in Bolton & Bury, it’s wise to secure a mortgage agreement in principle early to strengthen your position.
Sellers: A Seasonal Window of Opportunity
Spring traditionally brings a rise in new listings, and 2025 is no exception. Rightmove reports buyer demand is up 5% compared to April 2024, with more homeowners taking advantage of the seasonal surge in interest.
If you’re considering selling your home in Bolton & Bury, pricing it correctly and ensuring it’s market-ready will be vital. Call us to book a valuation on 01204 381281 or 0161 761 1215.
Top tips for sellers:
- First impressions count – Fresh paint, tidy gardens, and welcoming entrances all help.
- Accurate valuations – Our team at Cardwells Estate Agents can help set the right asking price based on current market trends in Bolton & Bury.
- Show it off – Use high-quality images and floorplans to capture attention online.
Speak to us – your local estate agent in Bolton & Bury – to discuss the best way to market your property this spring.
Buyers: Be Prepared to Move Quickly
This months property market update sees buyers feeling cautiously optimistic. With wages on the rise and inflation softening, affordability is gradually improving. According to Nationwide, earnings are now outpacing house prices in many areas.
If you’re looking to buy property in Bolton & Bury, here’s how to get ahead:
- Sort your finances early – A mortgage in principle puts you in a stronger negotiating position.
- Be ready to move – In-demand homes are still selling fast, especially when priced correctly.
- Think about long-term value – Energy efficiency, location, and futureproofing are all worth factoring in.
We’ve got a range of properties for sale in Bolton & Bury. View our current listings or speak with one of our team today on 01204 381281 or 0161 761 1215.
Rental Market: High Demand, Gradual Cooling
The rental sector is still feeling the pressure of high demand, though growth in rents is now stabilising. According to the Office for National Statistics, the average UK rent in March 2025 is now £1,332 per month, a 7.7% rise over the past 12 months.
For landlords in Bolton & Bury, it’s a market full of opportunity – but also one that demands careful management and awareness of legislative updates.
With the Renters’ Rights Bill due to become law later this year, the way tenancies are managed will soon look quite different. Proposed changes include:
- Abolishing fixed term assured tenancies
- All tenancies becoming periodic
- Four-month notice periods for landlords regaining possession to sell
- Limit of one rent increase per year
If you’re a landlord in Bolton & Bury, Cardwells Estate Agents can help you keep your property compliant and your tenancies running smoothly.
What’s Next for the Property Market?
The rest of spring is expected to bring strong levels of market activity. With the average asking price hitting a new high and demand growing week by week, we could see continued house price growth over the next few months. Nationwide is forecasting a 2–4% increase in 2025 if inflation remains controlled.
Lettings will stay competitive, and legislation will continue to reshape landlord responsibilities. Staying informed, prepared, and adaptable will be the key to success.
Looking for Help?
Cardwells Estate Agents ensure you know what’s happening in the market each month. Look out for our next property market update in May.
Selling property in this area since 1982, Cardwells are the market leading estate agents in Bolton and Bury. We are here to work for you and to help you achieve the best possible price for your home.
Cardwells Estate Agents Bolton and Cardwells Estate Agents Bury are available if you would like more advice on selling your home, or an up to date property valuation. We can provide an accurate valuation of your property for free. Simply complete the form here and we will be in touch promptly, or call our experienced team on 01204 381281 or 0161 761 1215 and request a valuation today.
Cardwells can also introduce you to independent financial advisors to help you find the best mortgage product for your move or remortgage. Just fill in the form here and we will pass your details on.
Cardwells Estate Agents Bolton
01204 381281
[email protected]
Cardwells Estate Agents Bury
01617611215
[email protected]
Note: The information in this article is based on data as of March/April 2025 and may change. Always seek professional advice for specific circumstances.
