The average that house prices in Bury increased in April was more than four times the UK rate, new figures show.
The rise contributes to the longer-term trend, which has seen property prices in the area grow by 4.1 per cent over the last year.
The average Bury house price in April was £234,887, Land Registry figures show – a 2.1 per cent increase on March.
Over the month, the picture was different to that across the North West, where prices increased 0.7 per cent, and Bury was more than four times above the 0.5 per cent rise for the UK as a whole.
Over the last year, the average sale price of property in Bury rose by £9,300 – putting the area 24th among the North West’s 35 local authorities with price data for annual growth.
The highest annual growth in the region was in Fylde, where property prices increased on average by 15.5 per cent, to £249,000.
At the other end of the scale, properties in Blackpool gained 0.4 per cent in value, giving an average price of £130,000.
First steps on the property ladder
First-time buyers in Bury spent an average of £195,900 on their property – £7,400 more than a year ago, and £57,800 more than in April 2018.
By comparison, former owner-occupiers paid £261,300 on average in April – 33.4 per cent more than first-time buyers.
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Property types
Owners of flats saw the biggest rise in property prices in Bury in April – they increased 2.4 per cent, to £126,270 on average.
Over the last year, prices rose by 3.2 per cent.
Among other types of property:
Detached: up 2.1 per cent monthly; up 4.4 per cent annually; £401,692 average
Semi-detached: up 2.2 per cent monthly; up 4.6 per cent annually; £256,300 average
Terraced: up 1.9 per cent monthly; up 3.7 per cent annually; £181,260 average
How do property prices in Bury compare?
Buyers paid 10.4 per cent more than the average price in the North West (£213,000) in April for a property in Bury.
Across the North West, property prices are low compared to those across the UK, where the average cost is £286,000.
The most expensive properties in the North West were in Trafford – £363,000 on average, and 1.5 times the price as in Bury.
Trafford properties cost 3.2 times the price as homes in Burnley (£115,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
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Average property price in April
Bury: £234,887
North West: £212,814
UK: £286,489
Annual growth to April
Bury: +4.1 per cent
North West: +4.8 per cent
UK: +3.5 per cent
Highest and lowest annual growth in the North West
Fylde: +15.5 per cent
Blackpool: +0.4 per cent
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