On the up: Wigan house prices increase
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The rise contributes to the longer-term trend, which has seen property prices in the area grow by 4.3 per cent over the last year.
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Hide AdThe average Wigan house price in June was £192,580, Land Registry figures show – a 0.4 per cent increase on May.
Over the month, the picture was similar to that across the North West, where prices increased 0.3 per cent , but Wigan was lower than the 0.5 per cent rise for the UK as a whole.
Over the last year, the average sale price of property in Wigan rose by £8,000 – putting the area 15th among the North West’s 35 local authorities with price data for annual growth.
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Hide AdThe highest annual growth in the region was in Cheshire East, where property prices increased on average by 10.2 per cent, to £301,000.
At the other end of the scale, properties in Pendle lost 2.9 per cent of their value, giving an average price of £128,000.
First-time buyers in Wigan spent an average of £171,400 on their property – £7,400 more than a year ago, and £50,400 more than in June 2019.
By comparison, former owner-occupiers paid £213,600 on average in June – 24.6 per cent more than first-time buyers.
Owners of detached houses saw the biggest rise in property prices in Wigan in June – they increased 0.6 per cent , to £316,465 on average. Over the last year, prices rose by 5.8 per cent.
Among other types of property:
Semi-detached: up 0.3 per cent monthly; up 4.9 per cent annually; £195,645 average
Terraced: up 0.5 per cent monthly; up 3.5 per cent annually; £148,546 average
Flats: down 0.1 per cent monthly; up 1.1 per cent annually; £101,934 average
Buyers paid 12.6 per cent less than the average price in the North West (£220,000) in June for a property in Wigan. Across the North West, property prices are low compared to those across the UK, where the average cost is £288,000.
The most expensive properties in the North West were in Trafford – £375,000 on average, and 1.9 times the price as in Wigan.
Trafford properties cost 3.3 times the price as homes in Burnley (£112,000 average), at the other end of the scale.
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