HOUSE prices increased by 2.6 per cent in Swindon in April.
The rise contributes to the longer-term trend which has seen property prices in the area achieve 8.4 per cent annual growth.
The average Swindon house price in April was £233,294, Land Registry figures show – a 2.6 per cent increase on March.
Over the month, the picture was better than that across the south west, where prices decreased 2.3 per cent, and Swindon outperformed the 1.9 per cent drop for the UK as a whole.
Over the last year, the average sale price of property in Swindon rose by £18,000 – putting the area 21st among the region’s 32 local authorities for annual growth.
The best annual growth in the region was in the Forest of Dean, where property prices increased on average by 17.9 per cent, to £272,000. At the other end of the scale, properties in Gloucester gained 4.3 per cent in value, giving an average price of £213,000.
Owners of semi-detached houses saw the biggest improvement in property prices in Swindon in April – they increased 2.7 per cent to £257,068 on average. Over the last year, prices rose by 8.6 per cent.
Detached homes went up 2.5 per cent monthly and 8.8 per cent annually, with an average price of £406,225.
Flat prices rose by 2.5 per cent monthly and 5.6 per cent annually for an average of £143,635.
First-time buyers in Swindon spent an average of £200,000 on their property – £15,000 more than a year ago, and £32,000 more than in April 2016.
By comparison, former owner-occupiers paid £269,000 on average in April – 34 per cent more than first-time buyers.
The average price of a Swindon property was £233,294.
Buyers paid 16.7 per cent less than the average price in the south west (£280,000) in April for a property in Swindon.
Across the region, property prices are lower than those across the UK, where the average cost is £251,000.
The most expensive properties in the south west were in the Cotswolds – £414,000 on average, and 1.8 times as much as in Swindon.
The Cotswolds properties cost 2.2 times as much as homes in Plymouth (£189,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, where the average April sale price of £1.1 million could buy 11 properties in East Ayrshire (average £105,000).
Credit: Source link
