20 December 2023 , 15:45
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Brits can find out the value of your home with prices mapped across the country.
House prices fell by an average of £3,000 across the UK in the year to October with the average costing £288,000, new data from the Land Registry has revealed.
That’s 1.2% lower than in the year to October 2022 and around the country that works out as an average decrease of 1.4% to £306,000 in England, compared to a 3.0% drop to £214,000 in Wales, while there was an increase by 0.2% in Scotland to £191,000.
Exclusive analysis by the Reach Data Unit can reveal how much prices have changed in each postcode district in the country. The Buckingham Gate area of London had the largest annual increase in property prices of any area in the country (that has had at least 20 house sales in the last 12 months).
The average home in SW1E - which covers the area just south of Buckingham Palace - cost £3.4 million in the 12 months to October. That’s up by 74% compared to a year earlier when the average was just under £2.0 million. There were, however, only 16 house sales that year compared to 21 this time round.
UK house prices fall again - down 3.2% from last year peak, says Nationwide
The OX49 postcode district - which covers Watlington in Oxfordshire - experienced the next largest percentage increase. Prices went up by 67% on average from £495,241 in the year to October 2022, to £828,062 in October 2023. That’s with a sale of 32 properties this year compared to 103 last year.
In CA23 - which covers Ennerdale Bridge in Cumbria - average prices rose by 45% from £114,974 last year to £166,590 this year. You can see how prices have changed in your local area by using our interactive map.
Meanwhile, the W1G postcode district - which covers Harley Street in London - had the largest percentage drop in the country. Prices there fell by 42% over the last year, from £3.1 million in the year to October 2022 down to £1.8 million in the year to October 2023. That’s followed by LL75 - Pentraeth in Anglesey - with average prices dropping by 41% to £223,438.
The W1K postcode district of Mayfair had the highest average in the country. Homes there sold for an average of £8.5 million in the 12 months to October - that’s down from an average of £9.5m last October though. The W1J area of Mayfair is next with an average of £5.3 million. That’s followed by W1S - Hanover Square - at just under £5.3 million, SW1X - Belgravia - at £4.4 million, W1B - Portland Street - at £3.5 million.