The average property value in South Ribble is £202,474 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 South Ribble grew by £13,671. Compare house prices by area
Average property prices in South Ribble grew by 7.2% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 2.5% per year.
If prices in South Ribble continue to rise by 2.5% a year, the average property price will be £223,094 in 2025.
There were 1,743 property sales in South Ribble in the year ending June 2021, an increase of 132 when compared to the previous year.
The average price for a house in South Ribble ranges from £129,954 for a terraced house to £290,411 for a detached house, with semi-detached in between costing on average £174,431.
The average price for a flat or maisonette in South Ribble is £117,126.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in South Ribble, semi-detached house prices have risen the most between the years ending 2011 and 2021, and terraced house prices have grown the least.
Detached house prices have risen 21.2% from £239,591 to £290,411, semi-detached house prices have risen 23.4% from £141,357 to £174,431, terraced house prices have risen 13.5% from £114,521 to £129,954, and flat prices have risen 19.3% from £98,188 to £117,126.
The most common type of property sold in South Ribble during the year ending June 2021 was semi-detached houses, which accounted for 43.3% of properties.
The least commonly available type of property sold in South Ribble were flats, which account for 3.0% of properties sold.
Of the properties sold in South Ribble during 2021, 0.7% were new build properties.
The average price paid for a new build property in South Ribble was £9,790 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was semi-detached houses (50% of new build properties sold). For existing properties, the most common type is semi-detached houses (44% of existing properties sold).
The most common price band for property sales in South Ribble is £150k - £200k, which accounted for 17.1% of properties sold in 2021.
The cheapest properties in South Ribble were in the £50k - £100k price bracket, accounting for 3.6% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
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