Millions of UK homeowners sitting on tens of thousands of pounds as property prices soar

According to a new analysis by Zoopla, homeowners who bought their properties in the last 20 years have seen a significant increase in value, with an average rise of around £80,000. Over 60% of these homeowners have experienced value increases of £65,000 or more, with 48% of UK homes bought in the last decade also seeing substantial price appreciation. Particularly in southern England, areas like the Cotswolds and Richmond-upon-Thames have seen homes appreciate by more than £65,000 since purchase, despite recent fluctuations in house prices.

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