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 £240,330.

On average house prices in the East Midlands rose by 1.2% or £2,960 over the last month

Over the last year (last 12 calendar months) average house prices in the East Midlands increased by 12.4% or £26,430

However, across the East Midlands, there is a big spread of house prices at the Local Authority level ranging from £157,000 in Bolsover to £373,000 in Harborough. The average price of a home in Harborough is more than twice the average house price of a home in Bolsover.

We show the average house prices at a local authority level across the East Midlands in the chart below

East Midlands house price winners last month (percentage gains)

On a relative basis in the East Midlands, house prices increased the most in Ashfield where last month the price of the average home went up by 3.53%

In second place in the East Midlands house price league table was Mansfield where the average house price increased by 3.46%

Making up the East Midlands house price podium was Melton, where house prices rose by 3.36%.

We show the rest of the top 25 house price changes in percentage terms in the chart below.  

East Midlands house price winners last month (cash increases)

Turning to the absolute monetary gains in house prices, Melton saw the biggest average house price gains with house prices increasing by £9,010.

Rutland saw the second biggest absolute gains with average house prices rising by £7,660.

In third place was Ashfield where average house prices rose by £6,330.

East Midlands house price winners last 12 month (percentage gains)

If we look at house price gains in the East Midlands over the last 12 months, we see the biggest relative house price increases in South Holland, up 18.9%.

House prices in Boston increased by 17.0% over the last year.

In third place was Blaby which saw average house prices increase by 16.8%

We show the top 25 East Midland housing markets over the last year in the chart below ordered by local authority, and percentage increase in house prices.

East Midlands house price winners last 12 months (absolute monetary gains)

If we look at house price increases in monetary or cash terms over the last 12 months, then Harborough saw the biggest house price rises in the East MIdlands up £53,000.

The Blaby region of the East Midlands had the second-largest house price rises with average house prices increasing by £41,660.

South Holland had the third-largest house price increases over the last twelve months, where average house prices increased by £37,790.

East Midlands relative house price losers last month 

We show in the chart below the areas of the East Midlands where house prices fell the most (and rose the least) by local authority area. 

House prices in the East Midlands fell the most in percentage terms in West Lindsey where average house prices fell by 1.8%

West Lindsey was followed by Bolsover, where house prices fell on average by 0.7%.

In third place was Rushcliffe, where average house prices fell by 0.5%. 

East Midlands absolute house price losers last month

Turning to absolute (money or cash) falls in the East Midlands house prices, the biggest house price falls were seen in West Lindsey, where average house prices fell by £3,970, which was followed by house price falls of £1,590 in Rushcliffe. Completing the house price fall podium was Bolsover where average house prices fell by £1,060.

We show the 25 worst performing local authorities across the East Midlands in the chart below.   

East Midlands relative house price losers last year

Whilst no local authority in the East Midlands saw house prices fall over the last twelve months, not all areas saw the same house price increases.

The smallest percentage house price gains in the East Midlands over the last year were

Rutland where house prices increased by 2.5%

Bolsover where the average house price rose by 3.4%, and

Broxtowe where house prices increased by 7.7%

We show in the chart below the 25 worst performing housing markets in the East Midlands on a relative (percentage) basis over the last year.

East Midlands absolute house price losers last year

If we look at the absolute (monetary) changes to house prices across the East Midlands over the last 12 months, house prices increased the least in Bolsover, where average house prices rose by £5,130

Rutland saw the second smallest rise in house prices, with average house prices increasing by £8,720 over the last twelve months

Erewash completed the podium with house prices increasing by £14,570.