Prices boost for Hartlepool home owners

Home owners in Hartlepool have had a financial boost as house prices in the area rose, the latest figures show.

Thursday, 20th May 2021, 12:14 pm
March house price rise

Land Registry figures show prices increased by two per cent in March – adding to the longer-term trend, which has seen property prices in the area grow by 10.6% over the year.

The average house price in the area in March was £120,141 - two per cent up on February.

In the North East housing market prices increased by three per cent and, nationally, there was an 1.8% rise.

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Over the last year, the average sale price of property in Hartlepool rose by £12,000.

Owners of terraced houses saw the biggest improvement in property prices in Hartlepool in March. They increased by 2.4%, to an average of £87,411 – up 11.5% over the year.

Detached house prices rose by 2.1% monthly – up 11.1% annually – to an average of £206,877.

The value of semi-detached houses increased by 1.7% on the month to an average of £123,041 – up 9.8% annually.

The price of flats also rose – up 1.1% monthly to an average of £64,274 and a 4.9% annual increase.

First-time buyers in Hartlepool spent an average of £101,400 on their property – £9,600 more than a year ago, and £15,700 more than in March 2016.

The figures show the average price of a home in the North East was £146,000 in March.

The most expensive properties in the North East were in Northumberland – at £178,000 on average,

In the region, property prices remained low compared to those across the UK, where the average cost £256,000.