East Midlands house price winners and losers
The latest data from the Land Registry reveals that the average house price in the East Midlands is currently £247,200.
On average house prices in the East Midlands increased by 0.3% or £740 over the last month.
Over the last year (last 12 calendar months) average house prices in the East Midlands increased by 3.4% or £8,130.
However, across the East Midlands, there is a significant spread of house prices at the Local Authority level ranging from £177,200 in Bolsover to £394,100 in Rutland.
East Midlands average house prices by local authority
We show in the graph below the average house prices for every local authority across the East Midlands:
The three most expensive areas for house prices in the East Midlands are:
Rutland where average house prices are £394,100
Harborough, where the average house costs £375,500, and
Rushcliffe where you can buy the average home for £351,700
The three least expensive areas for house prices in the East Midlands are:
Bolsover where you can purchase the average home for £177,200
Mansfield with average house prices of £182,000, and
Lincoln where the average house will set you back £184,200
East Midlands house price winners last month (percentage)
Across the East Midlands increased by 0.3% over the last month, however, within the East Midlands not all house prices increased by the same amount.
Over the last month house prices in the East Midlands increased the most in percentage terms in:
Rutland where average house prices increased by 5.1%,
Chesterfield where average house prices rose by 3.7%,
Ashfield where average house prices were up by 2.5%
The chart below shows the hottest 25 housing markets across the East Midlands where house prices increased the most in percentage terms over the last month. Do you live in one of the hottest markets?
East Midlands absolute house price winners last month
When we look at the absolute (monetary) house price rises across the East Midlands last month, we saw the biggest house price increases in:
Rutland where house prices climbed by £19,120,
Chesterfield where house prices increased by £7,100,
South Derbyshire where house prices rose by £5,560
East Midlands relative house price winners last 12 months
House prices have increased significantly over the last 12 months in many areas of the East Midlands. On average across the East Midlands house prices have increased by 3.4%
The biggest house price winners in percentage terms across the East Midlands over the last year are listed below:
Amber Valley with average house prices up 9.7%,
South Derbyshire, which has seen house prices increase by 9.2% over the last twelve months, and
Melton where house prices have risen, on average, by 8.8%
We show the top 25 housing markets, where house prices have increased the most on a relative (percentage) basis across the East Midlands in the chart below
East Midlands absolute house price winners last 12 months
Turning to the absolute or monetary increases in house prices across the East Midlands over the last 12 months, on average house prices increased by £8,130. We show the areas where house prices increased the most in the East Midlands below
Rutland which has seen house prices increase by £31,540,
Melton with house prices gains of £25,340,
South Derbyshire where house prices have risen, on average, by £21,770
We show the East Midlands's top 25 housing markets in terms of absolute house price increases over the last 12 months in the chart below.
East Midlands relative house price losers last month
Unfortunately, house prices did not rise in every area of the East Midlands last month. The biggest relative house prices losers last month were:
South Holland where average house prices dropped by 3.2%,
West Lindsey where average house prices fell by 2.9%,
Broxtowe where average house prices were down 1.8%
We show the percentage changes in house prices for each local authority across East Midlands in the chart below
East Midlands absolute (monetary) house prices losers last month
In monetary terms, house prices in the East Midlands fell or increased the least in:
South Holland which saw house prices fall, on average, by £7,640,
West Lindsey where average house prices fell by £5,980,
Broxtowe where house prices were down £4,440
We show the monetary change in average house prices across each Local Authority across East Midlands in the chart below:
East Midlands relative house price losers last year
Whilst the average house prices in the East Midlands increased by 3.4% over the last twelve months, not all areas of the East Midlands performed as well.
At the bottom end of the East Midlands's annual house price table are:
West Lindsey where house prices have fallen by 3.0%,
South Holland, with average house price deflation of 0.5%, and
South Kesteven with house price deflation at 0.3%
We show the percentage change in house prices over the last twelve months across every Local Authority in the East Midlands in the chart below
East Midlands absolute house prices losers last 12 months
Finally turning to the monetary or cash changes to house prices in the East Midlands over the last year. Average house prices across the East Midlands increased by £8,130, but not all areas of the East Midlands performed as well. The areas which saw the worst house price performance in the East Midlands over the last year were:
West Lindsey which has seen house prices down by £6,200,
South Holland with house prices fall of £1,160,
South Kesteven where house prices have decreased, on average, by £800
We show in the chart below the areas of the East Midlands with the worst absolute house price performance over the last 12 months.
