Prices were up by 10.7 per cent in June, slowing from 11.2 per cent in May, Nationwide Building Society said.

Across the UK, the average house price in June was £271,613, up by 0.3 per cent month on month.

In the North West, this average was slightly lower at £213,888 – which is up 13.3 per cent on last year’s figure.

Using online real estate companies, Zoopla and Rightmove, we tracked down five Lancashire properties that you can buy at a similar price to the UK average  – would you ever be tempted to invest in one?

1. Manchester Road, Hapton, Burnley 
Guide price: £271, 995

The Burnley new build (Photo: Keenans Estate Agents)

This four bedroom new build promises views of a canal and is in a semi-rural location.

It features an open-plan kitchen-dining area with French doors leading out to the garden, plus a useful utility room.

It benefits from a large living room and four well-proportioned bedrooms, with the main bedroom featuring a private en-suite.

View the full listing on Zoopla.

2. Beech Street, Rawtenstall

Guide price: £270,000
Beech Street property (Photo: Coppenwall estate agents_

This three bed home is priced just under the UK average. It is described as “deceptively spacious” and ideal as a family home.

The property boasts a sweeping, gated driveway which provides ample parking for several vehicles, a detached double garage and neutrally finished internal accommodation.

Through the reception room you can access a beautifully bright and spacious dining kitchen. 

Outside, you will find a low maintenance gravel garden with planted shrubbery and open aspect.

View the property listing on Rightmove.

3. Harwood Lane, Great Harwood

Guide price: £270,000

The Great Harwood home. (Photo: Fardella & Bell)

This semi-detached home has three bedrooms and one bathroom.

Outside you will find gardens to the front and rear along with the added benefit of a brick built workshop.

It was extended in 2019 but has still retained many of its historic and original features.

View the property listing on Rightmove.

4. Dickinson Avenue, Preston

Guide price: £275,000
The Preston property. (Photo : Entwistle Green)

Slightly over the UK average asking price is this four bedroom home, which has a “architect design”.

According to the property description, the build is well presented but “in need of some modernisation throughout.”

It has a newly refurbished kitchen and “four good sized bedrooms and family bathroom.”

Mature gardens are located to the front, side and rear.

View more on Zoopla.

5. Broadway, Fleetwood

Guide price: £270,000

The kitchen (Photo: The Square Room)
This is described as a “well presented and deceptively spacious three double bedroom detached family home.”

It has three bedrooms, one bathroom and the focal point has to be the modern kitchen.

Outside there is an enclosed and private garden, mainly paved with variety of shrubs and trees, including an apple and cherry tree.

View more on Zoopla.

Robert Gardner, Nationwide’s chief economist, said: “The price of a typical UK home climbed to a new record high of £271,613, with average prices increasing by over £26,000 in the past year.

“There are tentative signs of a slowdown, with the number of mortgages approved for house purchases falling back towards pre-pandemic levels in April and surveyors reporting some softening in new buyer inquiries.

“Nevertheless, the housing market has retained a surprising amount of momentum given the mounting pressure on household budgets from high inflation, which has already driven consumer confidence to a record low.

“Part of the resilience is likely to reflect the current strength of the labour market, where the number of job vacancies has exceeded the number of unemployed people in recent months.”