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 £247,700.

On average house prices in the East Midlands increased by 0.6% or £1,500 over the last month.

Over the last year (last 12 calendar months) average house prices in the East Midlands increased by 16.8% or £35,580.

However, across the East Midlands, there is a significant spread of house prices at the Local Authority level ranging from £172,000 in Bolsover to £375,500 in Rutland.

East Midlands average house prices by local authority

We show in the chart below the average house price 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 £375,500

Harborough, where the average house costs £363,400, and

Rushcliffe where you can buy the average home for £358,400

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

Bolsover where you can snap up the average home for £172,000

Lincoln with average house prices of £179,100, and

Mansfield where the average house will set you back £180,400

East Midlands house price winners last month (percentage)

Across the East Midlands increased by 0.6% 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:

Bassetlaw where average house prices increased by 3.6%,

Hinckley and Bosworth where average house prices rose by 3.2%,

Chesterfield where average house prices rose by 3.1%

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.

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:

Hinckley and Bosworth where house prices climbed by £8,780,

Rushcliffe where house prices increased by £8,750,

Bassetlaw where house prices rose by £6,980

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 16.8%

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

East Lindsey with average house prices up 18.4%,

South Holland, which has seen house prices increase by 17.6% over the last twelve months, and

Rushcliffe where house prices have risen, on average, by 17.2%

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 £35,580. We show the areas where house prices increased the most in the East Midlands below

Rushcliffe which has seen house prices increase by £52,700,

Harborough with house prices gains of £43,920,

Hinckley and Bosworth where house prices have risen, on average, by £36,780

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:

Derbyshire Dales where average house prices dropped by 1.2%,

Oadby and Wigston where average house prices fell by 0.8%,

Erewash where average house prices were down 0.8%

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:

Derbyshire Dales which saw house prices fall, on average, by £4,030,

Oadby and Wigston where average house prices fell by £2,300,

Erewash where house prices were down £1,570

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 16.8% 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:

Lincoln where house prices have risen by 6.3%,

Rutland, with average house price inflation of 7.1%, and

Derbyshire Dales with house price inflation at 8.6%

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 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 £35,580, 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:

Lincoln which has seen house prices up by £10,650,

Chesterfield with house prices rise of £17,020,

Derby where house prices have increased, on average, by £17,860

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