Rochdale house prices increased slightly in September
House prices increased slightly, by 0.5%, in Rochdale in September, new figures show.
But the rise does not reverse the longer-term trend, which has seen property prices in the area remain level.
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Hide AdThe average Rochdale house price in September was £193,056, Land Registry figures show – a 0.5% increase on August.
Over the month, the picture was similar to that across the North West, where prices increased 0.5%, and Rochdale was above the 0.5% drop for the UK as a whole.
Over the last year, the average sale price of property in Rochdale fell by £52 – putting the area 22nd among the North West’s 35 local authorities with price data for annual growth.
The highest annual growth in the region was in Ribble Valley, where property prices increased on average by 7.3%, to £284,000. At the other end of the scale, properties in Burnley lost 10.9% of their value, giving an average price of £105,000.
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Hide AdFirst steps on the property ladder
First-time buyers in Rochdale spent an average of £170,150 on their property – £130 less than a year ago, but £51,350 more than in September 2018.
By comparison, former owner-occupiers paid £217,090 on average in September – 27.6% more than first-time buyers.
Property types
Owners of detached houses saw the biggest rise in property prices in Rochdale in September – they increased 0.9%, to £334,196 on average. Over the last year, prices rose by 1.9%.
Among other types of property:
How do property prices in Rochdale compare?
Buyers paid 11.4% less than the average price in the North West (£218,000) in September for a property in Rochdale. Across the North West, property prices are low compared to those across the UK, where the average cost is £291,000.
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Hide AdThe most expensive properties in the North West were in Trafford – £366,000 on average, and 1.9 times the price as in Rochdale. Trafford properties cost 3.5 times the price as homes in Burnley (£105,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
Factfile
Average property price in September
- Rochdale: £193,056
- The North West:£218,013
- UK: £291,385
Annual change to September
- Rochdale: 0%
- The North West: +0.6%
- UK: -0.1%
Highest and lowest annual growth in the North West
- Ribble Valley: +7.3%
- Burnley: -10.9%