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Commuter belt house prices rocket by up to 22% - but there's little movement in Kensington and Chelsea

Commuter belt house prices have rocketed by as much as 22% in the past year but there's little movement in Kensington and Chelsea.

Commuter belt house prices rocket by up to 22%. Credit: Google Street View

Kensington and Chelsea was among the places with the teakest house price growth during 2015.

Meanwhile Newham was declared this year's "winner" after seeing a 22% jump in property values.

The Halifax report looked at how house prices have held up in major towns and cities across the UK as well as those in London boroughs in 2015.

Kensington and Chelsea was among the 10 weakest price performers - although house prices in the London borough have still increased by more than £8,000 during 2015,

Those areas that have seen the biggest house price increases over the past year are either in outer London or within close commuting distance of the capital.

Demand in these areas has risen as rapid house price rises in central London in the past few years have caused increasing numbers of people to look for property in more affordable areas.

– Martin Ellis, a housing economist at Halifax

The average home in Kensington and Chelsea is worth a £807,407 - but average prices there have edged up by just 1% over the last year.

Halifax said that house prices in Newham in 2015 stood at £319,522 on average, marking a 22% or £58,000 jump compared with 2014 and making it the UK's best house price performer this year.