Summer hit for Hartlepool home owners

Home owners in Hartlepool took a small summer house price hit, according to new figures.
House prices fallHouse prices fall
House prices fall

Land Registry figures show house prices in the area fell by one per cent in July - but the longer-term trend has seen prices achieve 9.2% growth over the last year.

The average house price in the area in July was £116,548.

Across the North East, prices in July decreased by 3.5% and 3.7% nationally.

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Over the last year, the average sale price of property in Hartlepool rose by £9,800.

Owners of terraced houses fared worst in in July. Prices dropped by 1.3% to an average of £119,219 – but over the last year, prices rose by 9.5%.

Detached home values fell by 0.9% monthly – but up 10.6% annually to an average of £201,779.

The price of semi-detached homes was down 0.7% monthly – but up 8.1% annually – to an average of £119,219.

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Flat prices were down 0.9% monthly – but up 5.2% annually to an average of £62,838.

The figures show first-time buyers in Hartlepool spent an average of £98,300 on their property.

That is £8,000 more than a year ago, and £7,300 more than in July 2016.

Buyers paid less than anywhere else in the North East – £145,000 - in July for a property.

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Across the region, property prices remain low compared to the rest of the UK, where the average cost is £256,000.

The most expensive properties in the North East were in Northumberland – where the average price for a house in July was £180,000.