Aylesbury Vale House Prices increased in September

House prices increased slightly in Aylesbury Vale in September, new figures show.

Thursday, 19th November 2020, 9:32 am
Updated Thursday, 19th November 2020, 9:34 am
House prices increased slightly in Aylesbury Vale in September, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 2.2% annual growth.

The average Aylesbury Vale house price in September was £331,054, Land Registry figures show – a 0.7% increase on August.

Over the month, the picture was less good than that across the South East, where prices increased 1.4%, and Aylesbury Vale underperformed compared to the 1.7% rise for the UK as a whole.

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Over the last year, the average sale price of property in Aylesbury Vale rose by £7,100 – putting the area 41st among the South East’s 67 local authorities for annual growth.

The best annual growth in the region was in Tandridge, where properties increased on average by 8.1%, to £483,000. At the other end of the scale, properties in Slough dropped 4.1% in value, giving an average price of £297,000.

Winners and Losers

Owners of detached houses saw the biggest improvement in property prices in Aylesbury Vale in September – they increased 1.3%, to £563,405 on average. Over the last year, prices rose by 3.2%.

Among other types of property:

Semi-detached: up 0.3% monthly; up 2.7% annually; £336,674 average

Terraced: up 0.4% monthly; up 2.2% annually; £275,656 average

Flats: up 0.5% monthly; down 1.7% annually; £181,107 average

First steps on the property ladder

First-time buyers in Aylesbury Vale spent an average of £​263,100 on their property – ​£4,100 more than a year ago, ​and ​£35,400 more than in Sep-15.

By comparison, former owner-occupiers paid £​383,300 on average in September​ – 45.7% more than first-time buyers.

How do property prices in Aylesbury Vale compare?

Buyers paid 1.7% less than the average price in the South East (£337,000) in September for a property in Aylesbury Vale. Across the South East, property prices are high compared to those across the UK, where the average cost £245,000.

The most expensive properties in the South East were in Elmbridge – £608,000 on average, and 1.8 times as much as in Aylesbury Vale. Elmbridge properties cost 2.9 times as much as homes in Southampton (£213,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average September sale price of £1.3 million could buy 15 properties in Burnley (average £88,000).

Factfile

Average property price in September

Aylesbury Vale: £331,054

The South East: £336,763

UK: £244,513

Annual growth to September

Aylesbury Vale: +2.2%

The South East: +4.0%

UK: +4.7%

Best and worst annual growth in the South East

Tandridge: +8.1%

Slough: -4.1%