Some parts of England have seen house prices rocket by as much as 50% or more in just a year, analysis by NationalWorld shows.
Almost three quarters of neighbourhoods in England saw an increase in property prices in the year to September 2022, but some have seen hundreds of thousands of pounds added onto the average sale price.
Property price data published in the UK House Price Index (HPI) shows the average price for a home in England was £312,513 in September 2022, a 9% increase on the previous year when the average property cost £286,832.
The Office for National Statistics publishes localised house price figures, based on the HPI, breaking England into 6,809 neighbourhoods known as middle-layer super output areas.
In total 71% of these neighbourhoods in England saw an increase in average house prices, with 12 recording at least a 50% rise, in the year to September 2022.
But not all neighbourhoods have seen a rise in property prices in the last year. The figures show more than a quarter (26.7%) of neighbourhoods saw property prices fall. Summerfield in Birmingham saw the greatest drop in prices, with average sale values plummeting 55.1%, followed by Isles of Scilly with a drop of 45.6%, and Thornhill in Kirklees with a drop of 44.5%.
As the figures cover small areas, average house prices can fluctuate due to low sales numbers and can be heavily influenced by factors such as a new development in the area.
Here we reveal which neighbourhoods have seen the greatest increase in property prices in the last year. Images are for illustrative purposes only and may not show the exact neighbourhood in question.
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13. St George in the East and Wapping North, Tower Hamlets
St George in the East and Wapping North in Tower Hamlets has seen a 49.0% increase in property prices in the last year with the average price rising £344,500 to £1,047,000. (Image: Adobe) | I-Wei Huang - stock.adobe.com
14. Wandsworth Common, Wandsworth
Wandsworth Common in Wandsworth has seen a 48.4% increase in property prices in the last year with the average price rising £407,500 to £1,250,000. (Image: Adobe) | brendan pfahlert/EyeEm - stock.a
15. Askew, Hammersmith and Fulham
Askew in Hammersmith and Fulham has seen a 47.1% increase in property prices in the last year with the average price rising £280,000 to £875,000. (Image: Adobe) | Apostolis Giontzis - stock.adobe
16. Stamford Hill North, Hackney
Stamford Hill North in Hackney has seen a 44.8% increase in property prices in the last year with the average price rising £261,500 to £845,000. (Image: Adobe) | BasPhoto - stock.adobe.com