The average property value in England is £354,199 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 England grew by £40,151. Compare house prices by area
Average property prices in England grew by 12.8% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.0% per year.
If prices in England continue to rise by 4.0% a year, the average property price will be £414,194 in 2025.
The most expensive property values in England are found in London, and the cheapest property values are found in North East England.
There were 761,067 property sales in England in the year ending June 2021, an increase of 68,930 when compared to the previous year.
The average price for a house in England ranges from £294,888 for a terraced house to £480,686 for a detached house, with semi-detached in between costing on average £302,944.
The average price for a flat or maisonette in England is £322,224.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in 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 38.7% from £346,510 to £480,686, semi-detached house prices have risen 48.1% from £204,513 to £302,944, terraced house prices have risen 50.4% from £196,106 to £294,888, and flat prices have risen 43.2% from £225,091 to £322,224.
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The most common type of property sold in England during the year ending June 2021 was semi-detached houses, which accounted for 29.6% of properties.
The least commonly available type of property sold in England were flats, which account for 14.3% of properties sold.
Of the properties sold in England during 2021, 2.0% were new build properties.
The average price paid for a new build property in England was £28,086 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (36% of new build properties sold). For existing properties, the most common type is terraced houses (30% of existing properties sold).
The most common price band for property sales in England is £200k - £300k, which accounted for 15.5% of properties sold in 2021.
1.9% of properties in England had a price over £1 million.
The cheapest properties in England were in the under £50k price bracket, accounting for 0.3% of sales.
The cheapest property prices in England are found in North East England, where the average cost of a property is £180,610. Between the years ending June 2020 and June 2021, property prices have changed by 7.5% in North East England (compared to 12.8% in England)
The most expensive property values in England are found in London, where the average property price is £676,292. Between the years ending June 2020 and June 2021, property prices have changed by 5.4% in London (compared to 12.8% in 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