Sefton house prices increased in May

General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.

House prices increased by 1.4% in Sefton in May, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 4.1% over the last year.

The average Sefton house price in May was £210,359, Land Registry figures show – a 1.4% increase on April.

Over the month, the picture was different to that across the North West, where prices decreased 0.2%, and Sefton was above the UK as a whole, where prices did not change.

Over the last year, the average sale price of property in Sefton rose by £8,200 – putting the area 17th among the North West’s 35 local authorities with price data for annual growth.

The highest annual growth in the region was in West Lancashire, where property prices increased on average by 12%, to £239,000. At the other end of the scale, properties in Hyndburn lost 1.3% of their value, giving an average price of £118,000.

First steps on the property ladder

First-time buyers in Sefton spent an average of £169,700 on their property – £6,300 more than a year ago, and £41,000 more than in May 2018.

By comparison, former owner-occupiers paid £238,500 on average in May – 40.6% more than first-time buyers.

Property types

Owners of flats saw the biggest rise in property prices in Sefton in May – they increased 1.8%, to £121,171 on average. Over the last year, prices rose by 3.7%.

Among other types of property:

Detached: up 1.3% monthly; up 5.3% annually; £379,276 average
Semi-detached: up 1.3% monthly; up 4% annually; £226,677 average
Terraced: up 1.4% monthly; up 3.2% annually; £159,216 average

How do property prices in Sefton compare?

Buyers paid 0.7% less than the average price in the North West (£212,000) in May for a property in Sefton. 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 – £360,000 on average, and 1.7 times the price as in Sefton. Trafford properties cost 3.2 times the price as homes in Burnley (£111,000 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 May

Sefton: £210,359
The North West:£211,790
UK: £285,861

Annual growth to May

Sefton: +4.1%
The North West: +2.7%
UK: +1.9%

Highest and lowest annual growth in the North West

West Lancashire: +12%
Hyndburn: -1.3%