House prices increased by 3.8% in Wiltshire in October, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 9.2% annual growth.
The average Wiltshire house price in October was £307,829, Land Registry figures show – a 3.8% increase on September.
Over the month, the picture was better than that across the South West, where prices decreased 0.7%, and Wiltshire outperformed the 1.1% drop for the UK as a whole.
Over the last year, the average sale price of property in Wiltshire rose by £26,000 – putting the area 19th among the South West’s 29 local authorities with price data for annual growth.
The best annual growth in the region was in West Devon, where property prices increased on average by 19.4%, to £311,000. At the other end of the scale, properties in Cheltenham gained just 2.8% in value, giving an average price of £298,000.
Winners and Losers
Owners of detached houses saw the biggest improvement in property prices in Wiltshire in October – they increased 4.6%, to £479,180 on average. Over the last year, prices rose by 11.1%.
Among other types of property:
Semi-detached: up 3.5% monthly; up 9.6% annually; £299,467 averageTerraced: up 3.3% monthly; up 7.9% annually; £237,968 averageFlats: up 2.9% monthly; up 5.3% annually; £151,415 average
First steps on the property ladder:
First-time buyers in Wiltshire spent an average of £241,000 on their property – £19,000 more than a year ago, and £35,000 more than in October 2016.
By comparison, former owner-occupiers paid £355,000 on average in October – 46.9% more than first-time buyers.
How do property prices in Wiltshire compare?
Buyers paid 3.1% more than the average price in the South West (£299,000) in October for a property in Wiltshire. Across the South West, property prices are higher than those across the UK, where the average cost £268,000.
The most expensive properties in the South West were in Cotswold – £432,000 on average, and 1.4 times as much as more than in Wiltshire. Cotswold properties cost 2.1 times as much as homes in Plymouth (£205,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
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