House prices in Rossendale have gone down by an average of over £3,000 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 Rossendale reached £173,767.
This was down from £176,846 in February, representing a 1.7 per cent decrease. In the last 12 months it has risen by 4.0 per cent.
How much have house prices decreased in Rossendale?
Breaking it down for specific types of housing, all prices saw a decrease.
- Detached houses - Down to £293,434 from £298,363 in February
- Semi-detached houses - Down to £183,148 from £185,550 in February
- Terraced houses - Down to £134,999 from £137,676 in February
- Flats - Down to £115,250 from £117,731 in February
How do Rossendale house prices compare to the UK average?
The fall in prices this month means Rossendale is still well 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 Rossendale are the most expensive for average house prices.
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