The average property value in East England is £379,918 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in East England grew by £41,089. Compare house prices by area
Average property prices in East England grew by 12.1% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.8% per year.
If prices in East England continue to rise by 4.8% a year, the average property price will be £458,880 in 2025.
The most expensive property values in East England are found in Hertfordshire, and the cheapest property values are found in Peterborough.
There were 94,236 property sales in East England in the year ending June 2021, an increase of 10,974 when compared to the previous year.
The average price for a house in East England ranges from £302,827 for a terraced house to £507,390 for a detached house, with semi-detached in between costing on average £353,119.
The average price for a flat or maisonette in East England is £222,691.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in East England, terraced house prices have risen the most between the years ending 2011 and 2021, and detached house prices have grown the least.
Detached house prices have risen 46.6% from £346,122 to £507,390, semi-detached house prices have risen 63.9% from £215,487 to £353,119, terraced house prices have risen 66.8% from £181,573 to £302,827, and flat prices have risen 48.5% from £149,961 to £222,691.
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The most common type of property sold in East England during the year ending June 2021 was detached houses, which accounted for 34.8% of properties.
The least commonly available type of property sold in East England were flats, which account for 11.0% of properties sold.
Of the properties sold in East England during 2021, 1.8% were new build properties.
The average price paid for a new build property in East England was £14,438 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (55% of new build properties sold). For existing properties, the most common type is detached houses (42% of existing properties sold).
The most common price band for property sales in East England is £200k - £300k, which accounted for 9.4% of properties sold in 2021.
0.3% of properties in East England had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in East England were in the under £50k price bracket, accounting for 0.0% of sales.
The cheapest property prices in East England are found in Peterborough, where the average cost of a property is £239,314. Between the years ending June 2020 and June 2021, property prices have changed by 6.0% in Peterborough (compared to 12.1% in East England)
The most expensive property values in East England are found in Hertfordshire, where the average property price is £516,975. Between the years ending June 2020 and June 2021, property prices have changed by 10.1% in Hertfordshire (compared to 12.1% in East England)
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics