Property prices in Wigan on the rise - bucking trend in other parts of the region

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House prices increased slightly in Wigan in August, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 0.5 per cent over the last year.

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The average Wigan house price in August was £183,814, Land Registry figures show – a 0.7 per cent increase on July.

It was different across the North West, where prices remained static, and Wigan was above the 0.3 per cent rise for the UK as a whole.

Property prices rose slightly in WiganProperty prices rose slightly in Wigan
Property prices rose slightly in Wigan

Over the last year, the average sale price of property in Wigan rose by £830.

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The highest annual growth in the region was in Ribble Valley, where property prices increased on average by 6.8 per cent, to £284,000.

At the other end of the scale, properties in Burnley lost 5.6 per cent of their value, giving an average price of £111,000.

First steps on the property ladder

First-time buyers in Wigan spent an average of £162,470 on their property – £310 more than a year ago, and £44,280 more than in August 2018.

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By comparison, former owner-occupiers paid £205,490 on average in August – 26.5 per cent more than first-time buyers.

Property types

Owners of semi-detached houses saw the biggest rise in property prices in Wigan in August – they increased 0.8 per cent, to £185,457 on average. Over the last year, prices rose by 0.5 per cent.

Among other types of property:

Detached: up 0.7 per cent monthly; up 2.8 per cent annually; £310,761 average

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Terraced: up 0.6 per cent monthly; down 0.9 per cent annually; £139,731 average

Flats: up 0.2 per cent monthly; down 0.1 per cent annually; £96,033 average

How do property prices in Wigan compare?

Buyers paid 14.8 per cent less than the average price in the North West (£216,000) in August for a property in Wigan.

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Across the North West, property prices are low compared to those across the UK, where the average cost is £291,000.

The most expensive properties in the North West were in Trafford – £372,000 on average and twice the price as in Wigan. Trafford properties cost 3.4 times the price as homes in Burnley (£111,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea (£1.4m).