Rochdale house prices increased slightly in December
House prices increased slightly, by 0.8%, in Rochdale in December, new figures show.
The rise contributes to the longer-term trend, which has seen property prices in the area grow by 16.3% over the last year.
Advertisement
Hide AdAdvertisement
Hide AdThe average Rochdale house price in December was £195,510, Land Registry figures show – a 0.8% increase on November.
Over the month, the picture was different to that across the North West, where prices decreased 0.1%, and Rochdale was above the 0.4% drop for the UK as a whole.
Over the last year, the average sale price of property in Rochdale rose by £27,000 – putting the area eighth among the North West’s 39 local authorities with price data for annual growth.
The highest annual growth in the region was in West Lancashire, where property prices increased on average by 23.8%, to £244,000. At the other end of the scale, properties in South Lakeland gained 5.9% in value, giving an average price of £287,000.
Advertisement
Hide AdAdvertisement
Hide AdThe average UK house price was £294,000 in December 2022, which was £26,000 higher than 12 months earlier.
It meant prices increased by 9.8% annually in December, slowing from 10.6% annual growth in November, according to the Office for National Statistics.
First steps on the property ladder
First-time buyers in Rochdale spent an average of £173,000 on their property – £25,000 more than a year ago, and £57,000 more than in December 2017.
By comparison, former owner-occupiers paid £220,000 on average in December – 27.2% more than first-time buyers.
Advertisement
Hide AdAdvertisement
Hide AdProperty types
Owners of flats saw the biggest rise in property prices in Rochdale in December – they increased 1%, to £101,123 on average. Over the last year, prices rose by 12.4%.
Among other types of property:
Detached: up 0.9% monthly; up 15.6% annually; £334,908 averageSemi-detached: up 0.9% monthly; up 17.3% annually; £207,671 averageTerraced: up 0.6% monthly; up 16.2% annually; £151,769 average
How do property prices in Rochdale compare?
Buyers paid 11.6% less than the average price in the North West (£221,000) in December for a property in Rochdale. Across the North West, property prices are lower than those across the UK, where the average cost £294,000.
The most expensive properties in the North West were in Trafford – £384,000 on average, and twice as much as more than in Rochdale. Trafford properties cost 3.3 times as much as homes in Burnley (£118,000 average), at the other end of the scale.
Advertisement
Hide AdAdvertisement
Hide AdThe highest property prices across the UK were in Kensington and Chelsea.
Factfile
Average property price in December
Rochdale: £195,510The North West:£221,101UK: £294,329
Annual growth to December
Rochdale: +16.3%The North West: +12.2%UK: +9.8%
Highest and lowest annual growth in the North West
West Lancashire: +23.8%South Lakeland: +5.9%