Britain’s 10 Fastest Property Price Growth Locations, Revealed

Britain’s 10 Fastest Property Price Growth Locations, Revealed

The figures are in, and Toxteth has been named the fastest property price growth location in the country right now. A surprise leader at the top of the table, property prices in Toxteth have skyrocketed an astonishing 20% on average over the past 12 months.

Rightmove’s latest round-up of property price growth figures indicates similarly impressive performance for house prices in Accrington in Lancashire, Retford in Nottinghamshire, and Heywood in Greater Manchester, all achieving 19% growth over the course of a year.

The top ten property price growth locations remain dominated by hotspots in the North West, where the region as a whole has seen an average house price increase of 8% since September 2020.

Record asking prices across the country

The figures from Rightmove suggest that property prices have hit record highs in more than 70% of areas across the country since the beginning of the year. Overall average house prices in Britain are currently up 5.8% compared to the same time last year, reaching a new average asking price of £338,462.

Speaking on behalf of Rightmove, director of property data, Tim Bannister, said that record-high prices continue to be fuelled by unprecedented demand and competition among prospective buyers.

“The number of homes for sale is at a record low, and buyer demand remains high,” he said.

The full listings of the top 10 property price growth locations in Britain published by Rightmove are as follows:

  • Toxteth, Liverpool, and Merseyside, £151,958, 20% higher than September 2020.
  • Accrington, Lancashire, £139,220, 19% higher than September 2020.
  • Retford, Nottinghamshire, £210,761, 19% higher than September 2020.
  • Heywood, Greater Manchester, £194,634, 19% higher than September 2020.
  • Brixham, Devon, £318,859, 18% higher than September 2020.
  • Crowborough, East Sussex, £501,537, 18% higher than September 2020.
  • Aberdare, Rhondda Cynon Taf, £165,322, 18% higher than September 2020.
  • Moortown, Leeds, West Yorkshire, £327,804, 17% higher than September 2020.
  • Penwortham, Preston, Lancashire, £251,478, 17% higher than September 2020.
  • Great Sankey, Warrington, Cheshire, £270,621, 16% higher than September 2020.

With an average property price of just under £152,000, Toxteth in Liverpool remains one of the cheapest areas in Britain to buy a home. Average house prices in the region have increased significantly from the £126,806 recorded in September last year.

Representing James Kristian Estate Agents in Liverpool, Warren Matthews said that ongoing improvements across the region had resulted in much greater interest among investors and first-time buyers alike.

“This has pushed demand up, increasing prices in the area, and we’re still seeing high levels of buyer interest as we approach the final months of the year,” he explained.