House prices shooting up in Stevenage, Welwyn Hatfield and St Albans

PUBLISHED: 12:13 16 November 2016 | UPDATED: 13:10 16 November 2016

House prices are on the up in Stevenage

House prices are on the up in Stevenage

Daniel Wilson

Hertfordshire house prices are increasing way beyond the national average rate according to the latest UK House Price Index.

The average price of a property in England was £234,250 in September 2016, while the average price change was 8.3 per cent year-on-year.

In Stevenage the figure rose by almost double this amount - 15.8 per cent - from an average of £233,498 to £270,300.

Welwyn Hatfield wasn’t far behind, with a 14.6 per cent increase – the average home there sold for £333,539 in September 2015, compared to £382,137 a year later.

The St Albans local authority area recorded a 13.1 per cent rise, up from £463,759 to £524,709.

The biggest increases in England were in London – a 20.3 per cent rise in Newham and 19.3 per cent in Barking and Dagenham, while prices fell in Hammersmith and Fulham by -2.9 per cent and in Camden by -2.4 per cent.

The biggest drop elsewhere in England was in Middlesborough, at -3.3 per cent.

Not surprisingly, London was the region with the highest average house price - £488,000.

UK-wide, the average house price was £217,888, up by 7.7 per cent on the previous year.

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