Calderdale house prices dropped slightly in October, figures reveal

House prices dropped slightly, by 0.2%, in Calderdale in October, new figures show.

Sunday, 20th December 2020, 8:00 am

But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 2% annual growth.

The average Calderdale house price in October was £154,048, Land Registry figures show – a 0.2% decrease on September.

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Over the month, the picture was worse than that across Yorkshire and The Humber, where prices increased 2.4%, and Calderdale underperformed compared to the 0.7% rise for the UK as a whole.

Over the last year, the average sale price of property in Calderdale rose by £3,100 – putting the area 22nd among Yorkshire and The Humber’s 24 local authorities for annual growth.

The best annual growth in the region was in North East Lincolnshire, where property prices increased on average by 9.8%, to £134,000. At the other end of the scale, properties in Harrogate gained 1.7% in value, giving an average price of £297,000.

Winners and Losers

Owners of flats fared worst in Calderdale in October – they dropped 1.3% in price, to £103,401 on average. Over the last year, prices dropped by 2.2%.

Among other types of property:

Detached: up 0.3% monthly; up 3.7% annually; £285,711 average

Semi-detached: down 0.2% monthly; up 2.7% annually; £173,064 average

Terraced: down 0.1% monthly; up 1.9% annually; £128,934 average

First steps on the property ladder

First-time buyers in Calderdale spent an average of £132,800 on their property – £2,100 more than a year ago, and £19,900 more than in September 2015.

By comparison, former owner-occupiers paid £172,100 on average in October – 29.6% more than first-time buyers.

How do property prices in Calderdale compare?

Buyers paid 13% less than the average price in Yorkshire and The Humber (£177,000) in October for a property in Calderdale. Across Yorkshire and The Humber, property prices are low compared to those across the UK, where the average cost £245,000.

The most expensive properties in Yorkshire and The Humber were in Harrogate – £297,000 on average, and 1.9 times as much as in Calderdale. Harrogate properties cost 2.5 times as much as homes in Hull (£119,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average October sale price of £1.3 million could buy 14 properties in Burnley (average £93,000).