Trafford house prices increased slightly in June

File photo dated 14/10/14 of sold and for sale signs. House prices across the UK are expected to increase by 4 percent this year, according to a property group's forecasts. Issue date: Tuesday March 9, 2021.

House prices increased slightly, by 0.7%, in Trafford in June, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 9% annual growth.

The average Trafford house price in June was £322,426.131, Land Registry figures show – a 0.7% increase on May.

Over the month, the picture was less good than that across the North West, where prices increased 6.7661376%, and Trafford underperformed compared to the 4.4989563% rise for the UK as a whole.

Over the last year, the average sale price of property in Trafford rose by £27,000 – putting the area 39th among the North West’s 43 local authorities for annual growth.

The best annual growth in the region was in Pendle, where property prices increased on average by 22.8%, to £124,000. At the other end of the scale, properties in Preston gained 7.3% in value, giving an average price of £136,000.

Winners and Losers

Owners of terraced houses saw the biggest improvement in property prices in Trafford in June – they increased 0.8%, to £271,336.3058 on average. Over the last year, prices rose by 9.8%.

Among other types of property:

Detached: up 0.2% monthly; up 9.2% annually; £591,426.7209 averageSemi-detached: up 0.7% monthly; up 9.7% annually; £354,308.7951 averageFlats: up 0.7% monthly; up 7% annually; £203,074.4564 average

First steps on the property ladder

First-time buyers in Trafford spent an average of £268,000 on their property – £21,000 more than a year ago, and £61,000 more than in June 2016.

By comparison, former owner-occupiers paid £363,000 on average in June – 35.3% more than first-time buyers.

How do property prices in Trafford compare?

Buyers paid more for properties in Trafford than anywhere else in the North West in June. The average price paid would buy 3.3 homes in Burnley (£99,000), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average June sale price of £1.2 million could buy 13 properties in Burnley (average £99,000).

Across the North West, property prices are high compared to those across the UK, where the average cost £266,000.

Factfile

Average property price in June

Trafford: £322,426.131The North West:£200,221.9349UK: £265,668.1787

Annual growth to June

Trafford: +9%The North West: +18.6%UK: +13.2%

Best and worst annual growth in the North West

Pendle: +22.8%Preston: +7.3%