This fascinating question was posed by the 11-year-old son of one of my Letchworth landlords when they both popped into my offices before the Christmas break (doesn’t that seem an age away now!). I thought to myself, that over the Christmas break, I would sit down and calculate what the total value of all the properties in Letchworth are worth … and just for fun, work out how much they have gone up in value since his son was born back in the autumn of 2005. In the last 11 years, since the autumn of 2005, the total value of Letchworth property has increased by 51% or £1.73 billion to a total of £5.11 billion. Interesting, when you consider the FTSE100 has only risen by 30.78% and inflation (i.e. the UK Retail Price Index) rose by 37% during the same 11 years. When I delved deeper into the numbers, the average price currently being paid by Letchworth households stands at
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