House prices in Ribble Valley have gone up by an average of over £7,000 in the month of March, according to figures from the Land Registry.
The latest data from the government department reveals that in March 2022 average house prices in Ribble Valley reached £274,399.
This was up from £267,225 in February, representing over a 2.7 per cent increase. In the last 12 months it has risen by 17.5 per cent.
How much have house prices increased in Ribble Valley?
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses - Up to £434,842 from £422,373 in February
- Semi-detached houses - Up to £263,496 from £255,832 in February
- Terraced houses - Up to £195,259 from £191,167 in February
- Flats - Up to £166,708 from £163,264 in February
How do Ribble Valley house prices compare to the UK average?
Despite the rise in prices this month, Ribble Valley is still slightly below the UK average with typical property value in the nations reaching £278,436 in March.
In cash terms, the average house price in March was £24,931 higher than a year earlier with house price growth accelerating to 9.8 per cent in March 2022. Prices were up by 0.3 per cent month on month.
How much could your house be worth?
We have created this map for the North West so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Ribble Valley are the most expensive for average house prices.
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