House prices increased by an average of £19,000 across Eden over the last 12 months, new figures show.
The average Eden house price in October was £216,538, Land Registry figures show – a four per cent increase on September.
Over the month, the picture was better than that across the North West, where prices increased 1.2 per cent, and Eden outperformed the 0.7 per cent rise for the UK as a whole.
Property prices in the area have achieved 9.6 per cent annual growth.
Over the last year, the average sale price of property in Eden rose by £19,000 – putting the area second among the North West’s 43 local authorities for annual growth.
The best annual growth in the region was in Fylde, where property prices increased on average by 10.3 per cent, to £210,000.
At the other end of the scale, properties in Copeland lost 4.8 per cent of their value, giving an average price of £120,000.
Winners and losers
Owners of detached houses saw the biggest improvement in property prices in Eden in October – they increased 4.3 per cent, to £308,387 on average.
Over the last year, prices rose by 10 per cent.
Semi-detached: up 3.9 per cent monthly; up 10.1 per cent annually; £205,023 average
Terraced: up four per cent monthly; up 9.7 per cent annually; £170,385 average.
Flats: up three per cent monthly; up 5.2 per cent annually; £121,826 average.
First steps on the property ladder
First-time buyers in Eden spent an average of £178,000 on their property – £15,000 more than a year ago, and £21,000 more than in September 2015.
By comparison, former owner-occupiers paid £246,000 on average in October – 38.3 per cent more than first-time buyers.
Buyers paid 21.8 per cent more than the average price in the North West (£178,000) in October for a property in Eden.
Across the North West, property prices are lower than those across the UK, where the average cost £245,000.
The most expensive properties in the North West were in Trafford – £309,000 on average, and 1.4 times as much as in Eden.
Trafford properties cost 3.3 times as much as homes in Burnley – £93,000 average – at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, where the average October sale price of £1.3 million could buy 14 properties in Burnley.
