HOUSE prices are on the up in Southend - new figures show.
Figures from Land Registry show the average Southend house price in September was was £289,056, Land Registry figures show – a 0.1% increase on August.
Over the month, the picture was less good than that across the East of England, where prices increased 2.6%, and Southend underperformed compared to the 1.7% rise for the UK as a whole.
Over the last year, the average sale price of property in Southend rose by £1,300 – putting the area 34th among the East of England’s 47 local authorities for annual growth.
Figures also show buyers paid 5.5 per cent more than the average price in the east of England - £306,000 - in September for a property in Basildon.
Across the east of England, property prices are high compared to those across the UK, where the average cost £245,000.
Average property price in September
- Southend: £289,056
- The East of England: £305,764
- UK: £244,513
Annual growth to September
- Southend: +0.4%
- The East of England: +4.8%
- UK: +4.7%
In Castle Point property prices in the area achieve 2% annual growth.
The average Castle Point house price in September was £316,638, Land Registry figures show – a 2% increase on August.
Over the month, the picture was less good than that across the East of England, where prices increased 2.6%, but Castle Point outperformed the 1.7% rise for the UK as a whole.
Over the last year, the average sale price of property in Castle Point rose by £6,100 – putting the area 23rd among the East of England’s 47 local authorities for annual growth.
Average property price in Castle Point
- Castle Point: £316,638
- The East of England: £305,764
- UK: £244,513
Annual growth to September
- Castle Point: +2.0%
- The East of England: +4.8%
- UK: +4.7%
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