This is how much house prices increased or decreased across each Suffolk district in October
House prices rose as high as nearly 7% in one Suffolk district in October, new data reveals.
The data, taken from Babergh, Mid Suffolk, West Suffolk, Ipswich and East Suffolk districts, shows Mid Suffolk top of the list, with house prices rising by 6.8% over the month.
The significant boost contributes to the longer-term trend, which has seen property prices in the area achieve 14.2% annual growth.
The average Mid Suffolk house price in October was £310,681, Land Registry figures show – a 6.8% increase on September.
Over the month, the picture was better than that across the East of England, where prices decreased 0.1 per cent, and Mid Suffolk outperformed the 1.1 per cent drop for the UK as a whole.
Over the last year, the average sale price of property in Mid Suffolk rose by £39,000 – putting the area ninth among the East of England’s 45 local authorities with price data for annual growth.
The best annual growth in the region was in Maldon, where property prices increased on average by 21 per cent, to £400,000. At the other end of the scale, properties in Uttlesford gained just 2.4 per cent in value, giving an average price of £424,000.
Winners and Losers
Owners of detached houses saw the biggest improvement in property prices in Mid Suffolk in October – they increased 7.8%, to £441,039 on average. Over the last year, prices rose by 15.5%.
Among other types of property:
Semi-detached: up 6.1% monthly; up 13.6% annually; £268,481 average
Terraced: up 5.6% monthly; up 13.1% annually; £224,544 average
Flats: up 5.4% monthly; up 9.6% annually; £147,637 average
First steps on the property ladder
First-time buyers in Mid Suffolk spent an average of £234,000 on their property – £29,000 more than a year ago, and £45,000 more than in October 2016.
By comparison, former owner-occupiers paid £346,000 on average in October – 47.9% more than first-time buyers.
Factfile
Average property price in October
Mid Suffolk: £310,681
The East of England: £332,216
UK: £268,349
West Suffolk
Meanwhile, in West Suffolk, house prices increased by 0.5% in October.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 5.5% annual growth.
The average West Suffolk house price in October was £282,306, Land Registry figures show – a 0.5% increase on September.
Over the month, the picture was better than that across the East of England, where prices decreased 0.1%, and West Suffolk outperformed the 1.1% drop for the UK as a whole.
Over the last year, the average sale price of property in West Suffolk rose by £15,000 – 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 Maldon, where property prices increased on average by 21%, to £400,000. At the other end of the scale, properties in Uttlesford gained just 2.4% in value, giving an average price of £424,000.
Winners and Losers
Owners of detached houses saw the biggest improvement in property prices in West Suffolk in October – they increased 1.3%, to £427,329 on average. Over the last year, prices rose by 6.6%.
Among other types of property:
Semi-detached: up 0.2% monthly; up 5.7% annually; £268,355 average
Terraced: up 0.1% monthly; up 4.5% annually; £223,468 average
Flats: down 0.7% monthly; up 3.6% annually; £145,461 average
First steps on the property ladder
First-time buyers in West Suffolk spent an average of £230,000 on their property – £11,000 more than a year ago, and £37,000 more than in October 2016.
By comparison, former owner-occupiers paid £323,000 on average in October – 40.3% more than first-time buyers.
How do property prices in West Suffolk compare?
Buyers paid 15% less than the average price in the East of England (£332,000) in October for a property in West Suffolk. Across the East of England, property prices are lower than those across the UK, where the average cost £268,000.
The most expensive properties in the East of England were in Three Rivers – £561,000 on average, and twice as much as more than in West Suffolk. Three Rivers properties cost 2.7 times as much as homes in Great Yarmouth (£206,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
Factfile
Average property price in October
West Suffolk: £282,306
The East of England: £332,216
UK: £268,349
Annual growth to October
West Suffolk: +5.5%
The East of England: +11.2%
UK: +10.2%
Best and worst annual growth in the East of England
Maldon: +21%
Uttlesford: +2.4%
East Suffolk
In East Suffolk, house prices leapt by 5.4% in October.
The significant boost contributes to the longer-term trend, which has seen property prices in the area achieve 12.7% annual growth.
The average East Suffolk house price in October was £289,590, Land Registry figures show – a 5.4% increase on September.
Over the month, the picture was better than that across the East of England, where prices decreased 0.1%, and East Suffolk outperformed the 1.1% drop for the UK as a whole.
Over the last year, the average sale price of property in East Suffolk rose by £33,000 – putting the area 12th among the East of England’s 45 local authorities with price data for annual growth.
The best annual growth in the region was in Maldon, where property prices increased on average by 21%, to £400,000. At the other end of the scale, properties in Uttlesford gained just 2.4% in value, giving an average price of £424,000.
Winners and Losers
Owners of detached houses saw the biggest improvement in property prices in East Suffolk in October – they increased 6.1%, to £423,624 on average. Over the last year, prices rose by 13.5%.
Among other types of property:
Semi-detached: up 5% monthly; up 12.6% annually; £270,314 average
Terraced: up 5% monthly; up 12.4% annually; £217,349 average
Flats: up 4.9% monthly; up 9% annually; £153,101 average
First steps on the property ladder
First-time buyers in East Suffolk spent an average of £228,000 on their property – £25,000 more than a year ago, and £54,000 more than in October 2016.
By comparison, former owner-occupiers paid £325,000 on average in October – 42.5% more than first-time buyers.
How do property prices in East Suffolk compare?
Buyers paid 12.8% less than the average price in the East of England (£332,000) in October for a property in East Suffolk. Across the East of England, property prices are lower than those across the UK, where the average cost £268,000.
The most expensive properties in the East of England were in Three Rivers – £561,000 on average, and 1.9 times as much as more than in East Suffolk. Three Rivers properties cost 2.7 times as much as homes in Great Yarmouth (£206,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
Factfile
Average property price in October
East Suffolk: £289,590
The East of England: £332,216
UK: £268,349
Annual growth to October
East Suffolk: +12.7%
The East of England: +11.2%
UK: +10.2%
Best and worst annual growth in the East of England
Maldon: +21%
Uttlesford: +2.4%
Ipswich
While the general trend of house prices has gone upwards, in Ipswich there was a 0.6% drop - more than the average for the East of England.
But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 8.5% annual growth.
The average Ipswich house price in October was £215,626, Land Registry figures show – a 0.6% decrease on September.
Over the month, the picture was worse than that across the East of England, where prices decreased 0.1%, and Ipswich outperformed the 1.1% drop for the UK as a whole.
Over the last year, the average sale price of property in Ipswich rose by £17,000 – putting the area 29th among the East of England’s 45 local authorities with price data for annual growth.
The best annual growth in the region was in Maldon, where property prices increased on average by 21%, to £400,000. At the other end of the scale, properties in Uttlesford gained just 2.4% in value, giving an average price of £424,000.
Winners and Losers
Owners of flats fared worst in Ipswich in October – they dropped 0.9% in price, to £143,457 on average. But over the last year, prices rose by 6.7%.
Among other types of property:
Detached: down 0% monthly; up 9.9% annually; £381,835 average
Semi-detached: down 0.7% monthly; up 8.6% annually; £244,104 average
Terraced: down 0.5% monthly; up 8.9% annually; £189,563 average
First steps on the property ladder
First-time buyers in Ipswich spent an average of £189,000 on their property – £15,000 more than a year ago, and £27,000 more than in October 2016.
By comparison, former owner-occupiers paid £235,000 on average in October – 23.9% more than first-time buyers.
How do property prices in Ipswich compare?
Buyers paid 35.1% less than the average price in the East of England (£332,000) in October for a property in Ipswich. Across the East of England, property prices are low compared to those across the UK, where the average cost £268,000.
The most expensive properties in the East of England were in Three Rivers – £561,000 on average, and 2.6 times as much as more than in Ipswich. Three Rivers properties cost 2.7 times as much as homes in Great Yarmouth (£206,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
Factfile
Average property price in October
Ipswich: £215,626
The East of England: £332,216
UK: £268,349
Annual growth to October
Ipswich: +8.5%
The East of England: +11.2%
UK: +10.2%
Best and worst annual growth in the East of England
Maldon: +21%
Uttlesford: +2.4%
Babergh
House prices increased by 4.4% in Babergh in October.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 14.4% annual growth.
The average Babergh house price in October was £328,669, Land Registry figures show – a 4.4% increase on September.
Over the month, the picture was better than that across the East of England, where prices decreased 0.1%, and Babergh outperformed the 1.1% drop for the UK as a whole.
Over the last year, the average sale price of property in Babergh rose by £41,000 – putting the area eighth among the East of England’s 45 local authorities with price data for annual growth.
The best annual growth in the region was in Maldon, where property prices increased on average by 21%, to £400,000. At the other end of the scale, properties in Uttlesford gained just 2.4% in value, giving an average price of £424,000.
Winners and Losers
Owners of detached houses saw the biggest improvement in property prices in Babergh in October – they increased 5.3%, to £484,367 on average. Over the last year, prices rose by 15.8%.
Among other types of property:
Semi-detached: up 3.9% monthly; up 14.3% annually; £304,562 average
Terraced: up 3.5% monthly; up 12.4% annually; £237,948 average
Flats: up 3.2% monthly; up 12.2% annually; £136,211 average
First steps on the property ladder
First-time buyers in Babergh spent an average of £257,000 on their property – £31,000 more than a year ago, and £50,000 more than in October 2016.
By comparison, former owner-occupiers paid £370,000 on average in October – 44.2% more than first-time buyers.
How do property prices in Babergh compare?
Buyers paid 1.1% less than the average price in the East of England (£332,000) in October for a property in Babergh. Across the East of England, property prices are roughly the same as those across the UK, where the average cost £268,000.
The most expensive properties in the East of England were in Three Rivers – £561,000 on average, and 1.7 times as much as more than in Babergh. Three Rivers properties cost 2.7 times as much as homes in Great Yarmouth (£206,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
Factfile
Average property price in October
Babergh: £328,669
The East of England: £332,216
UK: £268,349
Annual growth to October
Babergh: +14.4%
The East of England: +11.2%
UK: +10.2%
