House prices in St Helens have risen by 8.1% in the last year. That’s right, the highest jump in the whole of the North West!
This means the average house price in St Helens now stands at a healthy £190,945, a 2.1% increase from June alone.
While other areas in the North West saw house prices flatline, St Helens powered ahead, even outstripping the UK average increase of 0.6%.
Thinking of selling? Over the past year, St Helens homeowners have seen an extra £14,000 added to the value of their properties. That’s enough for a dream holiday or a serious spending spree!
First-Time Buyers Dig Deep
Feeling the pinch? You’re not alone. First-time buyers in St Helens are now shelling out an average of £172,000 to get their foot on the property ladder. That’s £13,000 more than a year ago.
But before you despair, remember that former homeowners are spending even more, £213,000 on average – that’s 24.2% more than first-time buyers.
Detached Homes Leading the Charge
Looking for the biggest returns? Detached homes are where it’s at. Prices for these beauties shot up by 2.3% in July alone, reaching an impressive average of £312,178.
And it’s not just a flash in the pan. Over the last year, detached house prices have enjoyed a healthy 9% increase.
But don’t worry, other property types aren’t far behind:
- Semi-detached: up 2.1% monthly, 8.5% annually, averaging £198,628.
- Terraced: up 2% monthly, 7.6% annually, averaging £148,754.
- Flats: up 1.8% monthly, 5.6% annually, averaging £107,801.
St Helens: A Bargain Hunter’s Paradise?
Believe it or not, even with these soaring prices, St Helens remains a relative bargain. The average house price here is still 13.2% lower than the North West average of £220,000.
Compare that to the UK average of £290,000, and suddenly St Helens seems like a steal!
North West Property Prices: A Tale of Two Cities
The North West property market is a mixed bag. At the top end, we have Trafford, where properties will set you back a cool £379,000 on average.
At the other end of the spectrum is Burnley, where you can snap up a property for a much more affordable £111,000.
St Helens: The Numbers Tell the Story
Average property price:
- July in St Helens: £190,945
- July in the North West: £219,887
- July in the UK: £289,723
Annual growth to July:
- St Helens: +8.1%
- The North West: +2.8%
- UK: +2.2%
Highest and lowest annual growth in the North West:
- St Helens: +8.1%
- Pendle: -5.3%
So there you have it – the St Helens property market is officially on fire! Whether you’re a seasoned homeowner or a first-time buyer, these figures are sure to get you thinking. Is it time to cash in on the boom, or hold tight and see what the future holds? Only time will tell.