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House prices in Babergh rise by over four per cent in November



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House prices in a Suffolk district rose by over four per cent - more than the average for the East of England - in November, new figures show.

Property prices in Babergh increased by 4.5% on the previous month.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 17.4% annual growth.

House prices in a Suffolk district rose by over four per cent - more than the average for the East of England - in November, new figures show.
House prices in a Suffolk district rose by over four per cent - more than the average for the East of England - in November, new figures show.

The average Babergh house price in November was £345,741, Land Registry figures show – a 4.5% increase on October.

Over the month, the picture was better than that across the East of England, where prices increased 2.1%, and Babergh outperformed the 1.2% rise for the UK as a whole.

Over the last year, the average sale price of property in Babergh rose by £51,000 – putting the area third among the East of England’s 45 local authorities with price data for annual growth.

The best annual growth in the region was in Broadland, where property prices increased on average by 18.7%, to £324,000.

At the other end of the scale, properties in Watford gained just 5.4 per cent in value, giving an average price of £380,000.

Winners and Losers

Owners of detached houses saw the biggest improvement in property prices in Babergh in November – they increased 4.8%, to £510,890 on average. Over the last year, prices rose by 19.1%.

Among other types of property:

Semi-detached: up 4.5% monthly; up 17.7% annually; £320,925 average

Terraced: up 4.2% monthly; up 14.7% annually; £249,139 average

Flats: up 4.1% monthly; up 14.4% annually; £142,210 average

First steps on the property ladder

First-time buyers in Babergh spent an average of £270,000 on their property – £39,000 more than a year ago, and £61,000 more than in November 2016.

By comparison, former owner-occupiers paid £390,000 on average in November – 44.3% more than first-time buyers.

How do property prices in Babergh compare?

Buyers paid 2.6% more than the average price in the East of England (£337,000) in November for a property in Babergh. Across the East of England, property prices are higher than those across the UK, where the average cost £271,000.

The most expensive properties in the East of England were in St Albans – £572,000 on average, and 1.7 times as much as more than in Babergh. St Albans properties cost 2.8 times as much as homes in Great Yarmouth (£202,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea.

In Ipswich, house prices increased by 0.5% across November.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 6.7% annual growth.

The average Ipswich house price in November was £215,518, Land Registry figures show – a 0.5% increase on October.

Over the month, the picture was less good than that across the East of England, where prices increased 2.1%, and Ipswich underperformed compared to the 1.2% rise for the UK as a whole.

Over the last year, the average sale price of property in Ipswich rose by £14,000 – putting the area 40th among the East of England’s 45 local authorities with price data for annual growth.

The best annual growth in the region was in Broadland, where property prices increased on average by 18.7%, to £324,000. At the other end of the scale, properties in Watford gained just 5.4% in value, giving an average price of £380,000.

Winners and Losers

Owners of detached houses saw the biggest improvement in property prices in Ipswich in November – they increased 1.1%, to £385,862 on average. Over the last year, prices rose by 9.2%.

Among other types of property:

Semi-detached: up 0.6% monthly; up 7.5% annually; £245,003 average

Terraced: up 0.3% monthly; up 6.3% annually; £188,423 average

Flats: up 0.1% monthly; up 4.1% annually; £142,215 average

First steps on the property ladder

First-time buyers in Ipswich spent an average of £189,000 on their property – £12,000 more than a year ago, and £29,000 more than in November 2016.

By comparison, former owner-occupiers paid £235,000 on average in November – 24.3% more than first-time buyers.

How do property prices in Ipswich compare?

Buyers paid 36% less than the average price in the East of England (£337,000) in November for a property in Ipswich.

Across the East of England, property prices are low compared to those across the UK, where the average cost £271,000.

The most expensive properties in the East of England were in St Albans – £572,000 on average, and 2.7 times as much as more than in Ipswich.

St Albans properties cost 2.8 times as much as homes in Great Yarmouth (£202,000 average), at the other end of the scale.

In East Suffolk, property prices increased by 4.7% in November.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 15.3% annual growth.

The average East Suffolk house price in November was £301,201, Land Registry figures show – a 4.7% increase on October.

Over the month, the picture was better than that across the East of England, where prices increased 2.1%, and East Suffolk outperformed the 1.2% rise for the UK as a whole.

Over the last year, the average sale price of property in East Suffolk rose by £40,000 – putting the area sixth among the East of England’s 45 local authorities with price data for annual growth.

The best annual growth in the region was in Broadland, where property prices increased on average by 18.7%, to £324,000. At the other end of the scale, properties in Watford gained just 5.4% in value, giving an average price of £380,000.

Winners and Losers

Owners of detached houses saw the biggest improvement in property prices in East Suffolk in November – they increased 5.1%, to £442,747 on average. Over the last year, prices rose by 16.5%.

Among other types of property:

Semi-detached: up 4.7% monthly; up 15.6% annually; £281,437 average

Terraced: up 4.5% monthly; up 14.3% annually; £224,855 average

Flats: up 4.1% monthly; up 10% annually; £157,344 average

First steps on the property ladder

First-time buyers in East Suffolk spent an average of £237,000 on their property – £31,000 more than a year ago, and £64,000 more than in November 2016.

By comparison, former owner-occupiers paid £338,000 on average in November – 42.7% more than first-time buyers.

How do property prices in East Suffolk compare?

Buyers paid 10.6% less than the average price in the East of England (£337,000) in November for a property in East Suffolk. Across the East of England, property prices are lower than those across the UK, where the average cost £271,000.

The most expensive properties in the East of England were in St Albans – £572,000 on average, and 1.9 times as much as more than in East Suffolk. St Albans properties cost 2.8 times as much as homes in Great Yarmouth (£202,000 average), at the other end of the scale.

Meanwhile, house prices dropped by 2% in Mid Suffolk in November.

But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 9.1% annual growth.

The average Mid Suffolk house price in November was £301,641, Land Registry figures show – a 2% decrease on October.

Over the month, the picture was worse than that across the East of England, where prices increased 2.1%, and Mid Suffolk underperformed compared to the 1.2% rise for the UK as a whole.

Over the last year, the average sale price of property in Mid Suffolk rose by £25,000 – putting the area 32nd among the East of England’s 45 local authorities with price data for annual growth.

The best annual growth in the region was in Broadland, where property prices increased on average by 18.7%, to £324,000.

At the other end of the scale, properties in Watford gained just 5.4% in value, giving an average price of £380,000.

Winners and Losers

Owners of terraced houses fared worst in Mid Suffolk in November – they dropped 2.2% in price, to £217,267 on average. But over the last year, prices rose by 7.7%.

Among other types of property:

Detached: down 1.8% monthly; up 10.2% annually; £428,501 average

Semi-detached: down 2% monthly; up 9% annually; £261,253 average

Flats: down 2.2% monthly; up 4.3% annually; £142,651 average

First steps on the property ladder

First-time buyers in Mid Suffolk spent an average of £228,000 on their property – £19,000 more than a year ago, and £38,000 more than in November 2016.

By comparison, former owner-occupiers paid £336,000 on average in November – 47.6% more than first-time buyers.

How do property prices in Mid Suffolk compare?

Buyers paid 10.5% less than the average price in the East of England (£337,000) in November for a property in Mid Suffolk.

Across the East of England, property prices are lower than those across the UK, where the average cost £271,000.

The most expensive properties in the East of England were in St Albans – £572,000 on average, and 1.9 times as much as more than in Mid Suffolk.

St Albans properties cost 2.8 times as much as homes in Great Yarmouth (£202,000 average), at the other end of the scale.

In West Suffolk, property prices went up by 1.6% in the same month.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 8.4% annual growth.

The average West Suffolk house price in November was £290,425, Land Registry figures show – a 1.6% increase on October.

Over the month, the picture was similar to that across the East of England, where prices increased 2.1%, but West Suffolk outperformed the 1.2% rise for the UK as a whole.

Over the last year, the average sale price of property in West Suffolk rose by £23,000 – putting the area 35th among the East of England’s 45 local authorities with price data for annual growth.

The best annual growth in the region was in Broadland, where property prices increased on average by 18.7%, to £324,000.

At the other end of the scale, properties in Watford gained just 5.4% in value, giving an average price of £380,000.

Winners and Losers

Owners of detached houses saw the biggest improvement in property prices in West Suffolk in November – they increased 2%, to £441,492 on average. Over the last year, prices rose by 9.9%.

Among other types of property:

Semi-detached: up 1.6% monthly; up 9.1% annually; £276,917 average

Terraced: up 1.2% monthly; up 6.7% annually; £228,231 average

Flats: up 1.3% monthly; up 6.3% annually; £149,301 average

First steps on the property ladder

First-time buyers in West Suffolk spent an average of £236,000 on their property – £17,000 more than a year ago, and £43,000 more than in November 2016.

By comparison, former owner-occupiers paid £332,000 on average in November – 40.7% more than first-time buyers.

How do property prices in West Suffolk compare?

Buyers paid 13.8% less than the average price in the East of England (£337,000) in November for a property in West Suffolk.

Across the East of England, property prices are lower than those across the UK, where the average cost £271,000.

The most expensive properties in the East of England were in St Albans – £572,000 on average, and twice as much as more than in West Suffolk.

St Albans properties cost 2.8 times as much as homes in Great Yarmouth (£202,000 average), at the other end of the scale.