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 £246,100.
On average house prices in the East Midlands decreased by 1.2% or £2,930 over the last month.
Over the last year (last 12 calendar months) average house prices in the East Midlands increased by 4.9% or £11,550.
However, across the East Midlands, there is a significant spread of house prices at the Local Authority level ranging from £178,700 in Bolsover to £372,500 in Rutland.
East Midlands average house prices by local authority
We show in the chart 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 £372,500
Harborough, where the average house costs £366,300, and
Rushcliffe where you can buy the average home for £350,300
The three least expensive areas for house prices in the East Midlands are:
Bolsover where you can purchase the average home for £178,700
Mansfield with average house prices of £179,900, and
Lincoln where the average house will set you back £181,400
East Midlands house price winners last month (percentage)
Across the East Midlands decreased by 1.2% over the last month, however, within the East Midlands not all house prices decreased by the same amount.
Over the last month house prices in the East Midlands increased the most in percentage terms in:
Melton where average house prices increased by 2.7%,
South Derbyshire where average house prices rose by 2.1%,
Amber Valley where average house prices were up by 1.9%
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:
Melton where house prices climbed by £8,330,
South Derbyshire where house prices increased by £5,150,
High Peak where house prices rose by £4,580
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 4.9%
The biggest house price winners in percentage terms across the East Midlands over the last year are listed below:
Melton with average house prices up 13.7%,
Bolsover, which has seen house prices increase by 12.2% over the last twelve months, and
Newark and Sherwood where house prices have risen, on average, by 11.5%
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 £11,550. We show the areas where house prices increased the most in the East Midlands below
Melton which has seen house prices increase by £37,950,
Charnwood with house prices gains of £27,460,
Newark and Sherwood where house prices have risen, on average, by £25,390
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:
West Lindsey where average house prices dropped by 4.1%,
Broxtowe where average house prices fell by 3.8%,
Derbyshire Dales where average house prices were down 3.7%
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:
Derbyshire Dales which saw house prices fall, on average, by £12,840,
Rutland where average house prices fell by £11,270,
Harborough where house prices were down £10,730
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 4.9% 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 risen by 0.4%,
Lincoln, with average house price inflation of 1.3%, and
Rutland with house price inflation at 1.4%
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 £11,550, 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 up by £760,
Lincoln with house prices rise of £2,380,
Rutland where house prices have increased, on average, by £5,200
We show in the chart below the areas of the East Midlands with the worst absolute house price performance over the last 12 months.
