BURY'S most and least expensive streets have been revealed - with the highest property going for over £700,000.

The average UK house price hit a record high of £276,759 at the start of 2022 after increasing by around £24,500 in the past year.

Office for National Statistics data shows the median house price hit £200,000 in Bury in the year to June – an increase of £22,000 compared to the previous 12 months.

The median – the middle number in a series – is used to ensure the figures are not skewed by extreme highs or lows.

Neighbourhoods in Bury which recorded the highest median house prices in the year to June were Summerseat: £310,000 – up from £281,000 in 2019-20; Sedgley Park: £290,000 – up from £250,000, Whitefield West and Park Lane: £288,000 – an increase from £265,000, Higher Woodhill: £282,000 – rising from £205,000 and Prestwich Clough and Rainsough: £266,000 – up from £230,000

Home sales firm Property Solvers tracked average sold data from HM Land Registry since 2016 across Bury postcodes.

Four properties on Tor Avenue sold for an average of £773,750.

Bolton Road was the second most expensive, with three properties selling for an average of £731,666. Third was Moorbottom Road, Holcombe, selling for an average of £665,000.

On the other end of the scale, was Lavenham Close, Bury, where houses sold for an average of £60,681, on Andrew Street, the average price was £62,657 and houses on Palace Street went for around £63,666.

Property Solvers co-founder Ruban Selvanayagam said: “To keep the data less skewed, we only ranked the streets that had over three sales.”

“It’s therefore worth noting that, in recent years, a property on Red Bank (BL9) sold for £1,800,000 and, at the other end of the market, there were properties that sold for £50,000 and under on Powell House 66-70, Walmersley Road (BL9), Bell Lane (BL9) and Mellor Drive (BL9),” he concludes.

Martin Beck, chief economic adviser of economic forecasting group EY Item Club, said: “The prospect of a series of interest rate rises by the Bank of England in 2022 will translate into higher mortgage rates.

“And cost of living pressures faced by households from rising inflation and taxes mean fewer people will be able to afford to borrow the necessary amount they need to buy at higher mortgage rates.”