Advertisement

  1. ITV Report

How much does a house cost near you? Prices in the Anglia region rising faster than anywhere in UK

The average price of a house in the East of England in January 2017 was £279,231. Photo: Owen Humphreys/PA Archive/PA Images

House prices in the Anglia region are still rising by as much as 10% a year but the increases are slowing.

The average house price in the East of England in January 2017 was £279,231, which was up 9.4% on the previous year.

The East of England was the region with the highest annual growth.

Nationally at £218,000 in January, the average UK property value was £13,000 higher than it had been in January 2016, according to the house price index released jointly by the Office for National Statistics (ONS), the Land Registry and other bodies.

The report said house prices are continuing to see "strong growth", with average values up by 6.2% in the year to January and increasing by 0.8% month-on-month.

House prices in the Anglia region are rising fastest in Southend, Basildon and Bedford. Credit: Toby Melville/PA Archive

The cost of homes is rising fastest in the Anglia region in places like Southend-on-Sea, Bedford and Basildon where prices have increased more than 13% in a year.

In Cambridge, the year-on-year rise was less than 1% but with the average house in the city costing £431,344, they are among the highest in the Anglia region.

The cheapest place to live in the Anglia region is Great Yarmouth in Norfolk with an average house price of under £155,000.

There are signs that "moderate demand" in the housing market is out-matching supply, the report said.

The East of England was the region with the highest annual growth. Credit: Martin Keene/PA Archive

Sarah Beeny, owner of estate agent Tepilo, said January tends to be a slower month for house sales.

She said: "The ongoing shortage of properties for sale will also ensure prices continue to rise."

Richard Snook, a senior economist at PwC, said he expects house price growth for 2017 to be between 2% and 5%.

Mark Harris, chief executive of mortgage broker SPF Private Clients, said competition remains strong between lenders to attract borrowers with low-rate mortgage deals.

The report says there are signs that Credit: Matt Crossick/Empics Entertainment

How much does a house cost near you in the Anglia region?

The average house price in the East of England in January 2017 was £279,231.

The house prices below show the percentage rise since January 2016.

BEDFORDSHIRE & BUCKINGHAMSHIRE

The average house price in Buckinghamshire in January 2017 was £399,291.

  • Aylesbury Vale - £320,066 (up 9.8%)
  • Bedford - £276,946 (up 13.6%)
  • Central Bedfordshire - £299,262 (up 11.2%)
  • Luton - £225,706 (up 10.0%)
  • Milton Keynes - £252,435 (up 6.8%)

CAMBRIDGESHIRE

The average house price in Cambridgeshire in January 2017 was £280,725.

  • Cambridge - £431,344 (up 0.5%)
  • East Cambridgeshire - £265,862 (up 6.9%)
  • Fenland - £170,052 (up 5.2%)
  • Huntingdonshire - £240,924 (up 10.7%)
  • Peterborough - £171,945 (up 6.1%)
  • South Cambridgeshire - £369,839 (up 9.2%)

ESSEX

The average house price in Essex in January 2017 was £296,439.

  • Basildon - £300,776 (up 13.6%)
  • Braintree - £268,382 (up 11.0%)
  • Brentwood - £411,990 (up 9.8%)
  • Castle Point - £291,923 (up 11.6%)
  • Chelmsford - £312,950 (up 7.3%)
  • Colchester - £248,404 (up 8.4%)
  • Epping Forest - £447,359 (up 8.0%)
  • Harlow - £261,572 (up 11.0%)
  • Maldon - £309,820 (up 12.6%)
  • Rochford - £324,847 (up 11.3%)
  • Southend-on-Sea - £265,118 (up 13.9%)
  • Tendring - £203,381 (up 12.2%)
  • Thurrock - £259,415 (up 11.7%)
  • Uttlesford - £398,754 (up 10.1%)

HERTFORDSHIRE

The average house price in Hertfordshire in January 2017 was £393,700.

  • Dacorum - £405,880 (up 9.3%)
  • East Hertfordshire - £374,729 (up 8.0%)
  • North Hertfordshire - £334,310 (up 7.8%)
  • St Albans - £512,127 (up 8.0%)
  • Stevenage - £277,543 (up 12.3%)
  • Welwyn Hatfield - £278,256 (up 9.2%)

LINCOLNSHIRE, LEICESTERSHIRE & RUTLAND

The average house price in Leicestershire in January 2017 was £205,962 and in Lincolnshire it was £165,667.

  • Harborough - £262,495 (up 6.3%)
  • Rutland - £282,039 (up 7.0%)
  • South Holland - £170,089 (up 5.2%)
  • South Kesteven - £193,253 (up 1.9%)

NORFOLK

The average house price in Norfolk in January 2017 was £213,552.

  • Breckland - £215,656 (up 11.0%)
  • Broadland - £243,114 (up 6.2%)
  • Great Yarmouth - £154,853 (up 6.2%)
  • King's Lynn & West Norfolk - £204,149 (up 11.1%)
  • North Norfolk - £233,692 (up 8.4%)
  • Norwich - £192,041 (up 7.3%)
  • South Norfolk - £252,912 (up 11.9%)

NORTHAMPTONSHIRE

The average house price in Northamptonshire in January 2017 was £209,359.

  • Corby - £164,716 (up 12.1%)
  • Daventry - £265,700 (up 9.3%)
  • East Northamptonshire - £213,342 (up 10.8%)
  • Kettering - £181,860 (up 8.5%)
  • Northampton - £193,764 (up 8.7%)
  • South Northamptonshire - £301,618 (up 8.1%)
  • Wellingborough - £196,396 (up 12.1%)

SUFFOLK

The average house price in Suffolk in January 2017 was £230,263.

  • Babergh - £270,814 (up 7.3%)
  • Forest Heath - £211,860 (up 12.4%)
  • Ipswich - £186,338 (up 11.6%)
  • Mid Suffolk - £252,494 (up 7.5%)
  • St Edmundsbury - £269,503 (up 9.5%)
  • Suffolk Coastal - £273,695 (up 8.1%)
  • Waveney - £177,066 (up 6.7%)