Prices boost for Hartlepool home owners

The November boost contributed to a longer-term trend which has seen property prices in the area increase by four per cent over the year – bringing the average price of a house in the area to £118,479, according to Land Registry figures.

The 8.8% increase on October was better than that across the North East, where prices increased 2.6%, and the market in Hartlepool also easily outperformed the 1.2% rise nationally.

Over the last year, the average sale price of property in Hartlepool rose by £4,600 – putting the area eighth among the North East’s 13 local authorities for annual growth.

The best annual growth in the region was in Northumberland, where property prices increased on average by 16.2%, to £177,000.

Owners of detached houses in Harlepool saw the biggest improvement in property prices in November.

They increased by 8.9% to an average of £205,466 – a rise of 5.8% over the last year.

The price of a semi-detached home went up by 8.6% on the month – a rise of 3.8% annually to an average of £121,878.

The value of flats was up by 8.2% over the month – down 0.2% annually to an average of £64,241.

First-time buyers in the area spent an average of £99,800 on their property – £3,500 more than a year ago, and £12,700 more than in October 2015.