East of England's hottest and coldest housing markets

The latest data from the Land Registry reveals that the average house price in the East of England is currently £358,400.

On average house prices in the East of England increased by 1.2% or £4,280 over the last month.

Over the last year (last 12 calendar months) average house prices in the East of England increased by 16.0% or £49,380.

However, across the East of England, there is a significant spread of house prices at the Local Authority level ranging from £228,100 in Great Yarmouth to £608,900 in Three Rivers.

East of England average house prices by local authority

We show in the chart below the average house price for every local authority across the East of England.

The three most expensive areas for house prices in the East of England are:

Three Rivers where average house prices are £608,900

St Albans, where the average house costs £600,100, and

Epping Forest where you can buy the average home for £545,500

The three least expensive areas for house prices in the East of England are:

Great Yarmouth where you can snap up the average home for £228,100

Ipswich with average house prices of £235,900, and

Norwich where the average house will set you back £238,500

East of England house price winners last month (percentage)

Across the East of England increased by 1.2% over the last month, however, within the East of England not all house prices increased by the same amount.

Over the last month house prices in the East of England increased the most in percentage terms in:

North Norfolk where average house prices increased by 3.3%,

Rochford where average house prices rose by 3.1%,

Central Bedfordshire where average house prices rose by 3.0%

The chart below shows the hottest 25 housing markets across the East of England where house prices increased the most in percentage terms over the last month.

East of England absolute house price winners last month

When we look at the absolute (monetary) house price rises across the East of England last month, we saw the biggest house price increases in:

Three Rivers where house prices climbed by £13,530,

Rochford where house prices increased by £13,100,

East Hertfordshire where house prices rose by £11,890

East of England relative house price winners last 12 months

House prices have increased significantly over the last 12 months in many areas of the East of England. On average across the East of England house prices have increased by 16.0%

The biggest house price winners in percentage terms across the East of England over the last year are:

Great Yarmouth with average house prices up 22.5%,

Broadland, which has seen house prices increase by 18.0% over the last twelve months, and

Fenland where house prices have risen, on average, by 17.7%

We show the top 25 housing markets, where house prices have increased the most on a relative (percentage) basis across the East of England in the chart below

East of England absolute house price winners last 12 months

Turning to the absolute or monetary increases in house prices across the East of England over the last 12 months, on average house prices increased by £49,380. We show the areas where house prices increased the most in the East of England below

Three Rivers which has seen house prices increase by £73,070,

Epping Forest with house prices gains of £60,410,

Rochford where house prices have risen, on average, by £56,130

We show the East of England's top 25 housing markets in terms of absolute house price increases over the last 12 months in the chart below.

East of England relative house price losers last month

Unfortunately, house prices did not rise in every area of the East of England last month. The biggest relative house prices losers last month were:

North Hertfordshire where average house prices dropped by 1.4%,

Mid Suffolk where average house prices fell by 0.9%,

South Norfolk where average house prices were down 0.3%

We show the percentage changes in house prices for each local authority across East of England in the chart below

East of England absolute (monetary) house prices losers last month

In monetary terms, house prices in the East of England fell or increased the least in:

North Hertfordshire which saw house prices fall, on average, by £5,570,

Mid Suffolk where average house prices fell by £3,030,

South Norfolk where house prices were down £960

We show the monetary change in average house prices across each Local Authority across East of England in the chart below:

East of England relative house price losers last year

Whilst the average house prices in the East of England increased by 16.0% over the last twelve months, not all areas of the East of England performed as well.

At the bottom end of the East of England's annual house price table are:

Hertsmere where house prices have risen by 6.8%,

St Albans, with average house price inflation of 7.2%, and

Stevenage with house price inflation at 7.6%

We show the percentage change in house prices over the last twelve months across every Local Authority in the South East in the chart below

East of England absolute house prices losers last 12 months

Finally turning to the monetary or cash changes to house prices in the East of England over the last year. Average house prices across the East of England increased by £49,380, but not all areas of the East of England performed as well. The areas which saw the worst house price performance in the East of England over the last year were:

Norwich which has seen house prices up by £21,020,

Ipswich with house prices rise of £21,920,

Stevenage where house prices have increased, on average, by £23,300

We show in the chart below the areas of the East of England with the worst absolute house price performance over the last 12 months.