Some parts of England have seen house prices rocket by as much as 50 per cent or more in just a year, analysis of official figures shows.
Almost three quarters of neighbourhoods in England saw an increase in property prices in the year to September 2022, but some have seen hundreds of thousands of pounds added onto the average sale price.
Property price data published in the UK House Price Index shows the average price for a home in England was £312,513 in September 2022 – a nine per cent increase on the previous year when the average property cost £286,832.
The Office for National Statistics publishes localised house price figures, based on the HPI, breaking England into 6,809 neighbourhoods known as middle-layer super output areas.
In total 71 per cent of these neighbourhoods in England saw an increase in average house prices, with 12 recording at least a 50 per cent rise, in the year to September 2022.
As the figures cover small areas, average house prices can fluctuate due to low sales numbers and can be heavily influenced by factors such as a new development in the area.
Here, we reveal which neighbourhoods in Ashfield have seen the greatest increase in property prices in the last year
Images are for illustrative purposes only.
1.
These are the Ashfield areas where house prices have risen the most Photo: Sam Foster - stock.adobe.com
2. The Dales & South Skegby
Prices in The Dales & South Skegby are up £30,500 to £191,500 - a rise of 18.9 per cent Photo: Google
3. Sutton Central and Leamington
Prices in Sutton Central & Leamington are up £18,000 to £150,000 - a rise of 13.6 per cent Photo: Google
4. East Kirkby
Prices in East Kirkby are up £16,503 to £166,000 - a rise of 11 per cent Photo: Google