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Northamptonshire town has UK's fastest rising house prices

House prices rise in the East of England Credit: Yui Mok/PA Archive/PA Images
£161k
Great Yarmouth has the lowest average house price in the region

Wellingborough in Northamptonshire has the fastest rising house prices in the UK, say new government statistics. Prices there soared 15% in the year to August 2017, with the average costing £215,000.

In both the East of England and the East Midlands prices were up 6.4% from last year, more than double the rate of inflation. However, several areas including Mid Suffolk, East Northants and Peterborough were hit with house price rises of over 10%.

House prices in the region are now the highest in the UK outside of London and the South East. The average UK house price was £226,000 in August 2017. In St Albans, where house prices are the highest in the region, the average was £526,216.

Welwyn Hatfield was the only place in the region where prices dipped and the lowest average house prices were seen in Great Yarmouth (£161,992), Corby (£178,131), and Fenland (£179,984).