House prices increased by 3.5 per cent in Eden in April, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 24.1 per cent annual growth – the highest in the North West.
The average Eden house price in April was £230,128, Land Registry figures show – a 3.5 per cent increase on March.
Over the month, the picture was better than that across the North West, where prices decreased 2.6 per cent, and Eden outperformed the 1.9 per cent drop for the UK as a whole.
Over the last year, the average sale price of property in Eden rose by £45,000 – putting the area top among the North West’s 43 local authorities for annual growth.
At the other end of the scale, properties in Carlisle gained 3.2 per cent in value, giving an average price of £142,000.
Winners and losers
Owners of detached houses saw the biggest improvement in property prices in Eden in April – they increased 3.8 per cent, to £329,439 on average. Over the last year, prices rose by 25 per cent.
Among other types of property:
- Semi-detached: up 3.5 per cent monthly; up 23.9 per cent annually; £217,148 average
- Terraced: up 3.3 per cent monthly; up 24 per cent annually; £180,604 average
- Flats: up 3.2 per cent monthly; up 20.5 per cent annually; £128,904 average
First steps on the property ladder
First-time buyers in Eden spent an average of £189,000 on their property – £36,000 more than a year ago, and £31,000 more than in April 2016.
By comparison, former owner-occupiers paid £261,000 on average in April – 38.0 per cent more than first-time buyers.
How do property prices in Eden compare?
Buyers paid 25.5 per cent more than the average price in the North West (£183,000) in April for a property in Eden.
Across the North West, property prices are lower than those across the UK, where the average cost £251,000.
The most expensive properties in the North West were in Trafford – £318,000 on average, and 1.4 times as much as in Eden.
Trafford properties cost three times as much as homes in Burnley (£106,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, where the average April sale price of £1.1 million could buy 11 properties in East Ayrshire (average £105,000).