House prices across Greater Manchester rose by more than 10 per cent last year - but some parts saw faster increases than others. One neighbourhood in particular saw house prices rise by a whopping average of £397 a day.
According to figures from the Office for National Statistics, the average price of a home in Broughton Park in Salford was £367,500 in 2021. That was a 65.2 per cent increase in a year compared to the average price of £222,500 in 2020.
While the average house price increase across the region was 10.3 per cent, the next fastest-rising area was Waterhead in Oldham. Here, prices were up 44.7 per cent from an average of £98,500 in 2020 to £142,498 last year.
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The third fastest rising area was Deeplish in Rochdale, with average prices up 43.8pc from £73,000 to £105,000. At the other end of the scale, prices dropped by 31.7pc in Failsworth West in Oldham - going from an average of £204,995 in 2020 to £140,000 in 2021.
In Hulme and around the university in Manchester, prices fell by 31.7pc to £158,500, and prices in Barton upon Irwell in Salford fell 24.2pc to £190,000. Meanwhile, the most expensive place to buy a home in Greater Manchester in 2021 remained Hale Barns in Trafford.
Here, the average home cost £715,000 in 2021, which was up from £605,000 a year before. It was followed by Hale, again in Trafford, where the average house price is £575,000, and Bowdon in Trafford at £575,000.
The cheapest place to buy in Greater Manchester in 2021 was Halliwell & Brownlow Fold in Bolton, where the average price was £84,500, up 1.8pc from £83,000. The next cheapest area was Central Bolton with an average price of £87,875, and then Oldham Town South at £90,000.
Looking across England and Wales, Lordship Lane & Broadwater Farm in Haringey saw the biggest increase in the average house price, going from £280,000 in 2020 to £600,000 in 2021. The biggest drop was from an average of £1 million to £421,250 in Roehampton North West in Wandsworth.
Biggest increase in prices in 2021 across England and Wales
The below list is labelled as: Neighbourhood; Local Authority; Average price 2020; Average price 2021; Percentage change; Change (£); Change per day.
Lordship Lane & Broadwater Farm // Haringey // £280,000 // £600,000 // 114.3% // £320,000 // £877
St Matthews & Highfields North // Leicester // £112,500 // £203,000 // 80.4% // £90,500 // £248
Gray's Inn Road // Camden // £387,500 // £687,500 // 77.4% // £300,000 // £822
Wimbledon Common // Merton // £1,281,250 // £2,125,000 // 65.9% // £843,750 // £2,312
Broughton Park // Salford // £222,500 // £367,500 // 65.2% // £145,000 // £397
Central & Islington // Liverpool // £82,500 // £135,000 // 63.6% // £52,500 // £144
Redbridge & Millbrook West // Southampton // £133,000 // £216,500 // 62.8% // £83,500 // £229
Primrose Hill // Camden // £820,000 // £1,321,250 // 61.1% // £501,250 // £1,373
Five Ways South & Calthorpe Park // Birmingham // £203,000 // £325,000 // 60.1% // £122,000 // £334
Ladbroke Grove // Kensington and Chelsea // £450,000 // £720,000 // 60% // £270,000 // £740
Biggest decrease in prices in 2021 across England and Wales
The below list is labelled as: Neighbourhood; Local Authority; Average price 2020; Average price 2021; Percentage change; Change (£); Change per day.
Roehampton North West // Wandsworth // £1,000,000 // £421,250 // -57.9% // -£578,750 // -£1,586
Notting Dale // Kensington and Chelsea // £1,280,000 // £550,000 // -57% // -£730,000 // -£2,000
Church Street // Westminster // £1,100,000 // £585,000 // -46.8% // -£515,000 // -£1,411
Anfield West // Liverpool // £149,998 // £91,000 // -39.3% // -£58,998 // -£162
Wimbledon Park & Durnsford Road // Merton // £971,875 // £600,000 // -38.3% // -£371,875 // -£1,019
South Park // Hammersmith and Fulham // £1,216,000 // £755,000 // -37.9% // -£461,000 // -£1,263
Manningham & Lister Park // Bradford // £145,000 // £91,000 // -37.2% // -£54,000 // -£148
Newstead & Blurton South // Stoke-on-Trent // £229,995 // £145,000 // -37% // -£84,995 // -£233
Huyton Farm // Knowsley // £199,995 // £130,000 // -35% // -£69,995 // -£192
Hatton Garden & Theobalds Road // Camden // £1,040,000 // £678,750 // -34.7% // -£361,250 // -£990
The most expensive place to buy a home across England and Wales in 2021 was Knightsbridge, Belgravia & Hyde Park, where the average price was £2.725 million. At the other end of the scale, the cheapest place to buy last year was Horden in County Durham, with an average price of £48,750.
The figures from the ONS are based on an analysis of Land Registry sold price data. Properties sold at a discount to the market level, such as homes sold under the Right to Buy scheme, are not included in these statistics.
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