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First Quarter 2005

 

Hotspot analysis for NORTH WEST

Prices shown in the tables below are arithmetic average prices of houses on which an offer of mortgage has been granted. These prices can change from quarter to quarter.  Towns in double digits are hotspots

TOWN

AVERAGE HOUSE

PRICE - £

2004

AVERAGE HOUSE

PRICE - £

2005

%

CHANGE

Accrington

73,834

103,808

41%

Altrincham

295,821

304,287

3%

Ashton-under-Lyne

85,429

106,893

25%

Birkenhead

85,377

103,070

21%

Blackburn

93,959

118,397

26%

Blackpool

90,910

114,455

26%

Bolton

100,849

127,888

27%

Bootle

70,721

94,763

34%

Burnley

85,557

99,935

17%

Bury

120,268

139,816

16%

Carnforth

161,615

172,755

7%

Cheadle

189,330

212,688

12%

Chester

177,059

192,863

9%

Chorley

132,577

159,576

20%

Crewe

128,441

168,082

31%

Darwen

82,059

101,215

23%

Dukinfield

95,928

114,558

19%

Ellesmere-Port

110,107

152,012

38%

Fleetwood

92,970

125,390

35%

Hyde

105,923

129,289

22%

Knutsford

282,075

346,183

23%

Lancaster-&-Morecambe

109,909

139,863

27%

Leigh

92,871

113,331

22%

Leyland

127,112

142,627

12%

Littleborough

106,772

123,992

16%

Liverpool

111,660

136,362

22%

Lytham-St-Annes

161,799

189,550

17%

Macclesfield

201,922

207,634

3%

Manchester

109,792

134,311

22%

Nantwich

188,651

190,172

1%

Northwich

157,597

174,461

11%

Oldham

84,994

110,363

30%

Ormskirk

184,525

217,362

18%

Poulton-le-Fylde

158,307

171,235

8%

Prenton

142,455

143,766

1%

Prescott

114,539

133,503

17%

Preston

127,590

155,086

22%

Rochdale

96,722

115,393

19%

Rossendale

120,799

129,859

8%

Runcorn

96,487

114,420

19%

Sale

180,994

202,713

12%

Salford

103,302

121,340

17%

Sandbach

157,809

176,215

12%

Skelmersdale

106,597

131,326

23%

Southport

144,548

165,006

14%

Stalybridge

132,417

141,110

7%

St-Helens

113,197

133,717

18%

Stockport

148,152

172,193

16%

Thornton

120,100

138,192

15%

Todmorden

96,384

120,198

25%

Wallasey

100,297

122,489

22%

Warrington

145,176

167,702

16%

Widnes

132,505

147,727

11%

Wigan

107,557

128,121

19%

Wilmslow

259,489

255,959

-1%

Winsford

117,316

134,820

15%

Wirral

146,447

181,512

24%

 

 

 

 

     

COUNTY

AVERAGE HOUSE

PRICE - £

2004*

AVERAGE HOUSE

PRICE - £

2005*

%

CHANGE

Cheshire

166,983

186,917

12%

Lancashire

107,999

130,622

21%

Merseyside

117,000

141,751

21%

Here you will find a general overview of the area

"House price ‘hot spots’ in the North West include Accrington, where house prices have risen by 41% over the last year to £103,808, Ellesmere Port, where house prices have risen by 38% to £152,012 and Fleetwood, where house prices have risen by 35% to £125,390.

 

The most affordable areas to live in the North West – and the only towns which have yet to break through the £100,000 barrier - are Bootle, where the average house price is £94,763 and Burnley, where the average house price is £99,935. 

 

The most expensive place to live in the North West is Knutsford, where house prices have increased by 23% over the last year from £282,075 to £346,183.

 

Ideally located between Manchester and Liverpool, house prices in St. Helens have increased by 18% over the last year from £113,197 to £133,717, due to its excellent transport links.  To the North lies the East Lancashire Road and to the South, the M62.

 

Terraced houses and semi-detached properties with two or three bedrooms continue to sell well in

St. Helens and recent regeneration work has also seen a small number of developments commence upon brownfield sites. The Sutton area of St. Helens is becoming increasingly popular with first time buyers, due to its affordable housing and its easy access to local motorways.

 

The town of Allerton in Merseyside is a traditional, residential area and has access to some of the best schools and a good shopping area.  A popular choice for families, Allerton provides a mixture of terraced, semi-detached and apartment style properties.  Prices range from £140,000 to £300,000 for terraced, £190,000 to around £350,000 for semi-detached and £150,000 to £200,000 for older style apartments, with some more recent developments selling for £350,000.

The market town of Nantwich has good access to transport links and is particularly well placed for commuting to Manchester (£134,311), Birmingham and Chester (£192,863.)  Nantwich is only a ten-minute drive away from Crewe Station, where the new, direct rail link to London takes less than two hours.  By road, the new bypass has made the M6 easily accessible for easy commuting. The housing market in Nantwich remains fairly static with house prices increasing by 1% over the last year to reach £190,172.

 

Town centre living in Nantwich is popular and there has been interest in new three storey town houses, especially amongst families and professional couples. Constantly in demand also are properties within the catchment area of popular schools, such as the Brine Lees School, which has performed well in recent league tables.

 

First time buyers are finding it increasingly difficult to climb onto the housing ladder in Nantwich and we are seeing this generate interest in the more affordable areas of Willaston, located on the outskirts of Nantwich and the neighbouring town of Crewe, where the average house price is currently £168,082, up 30.9% over the past year. 

 

Crewe is an industrial area and consists predominantly of terraced properties, which are extremely popular with first time buyers and investors. A new leisure centre is currently being constructed close to the town centre that will contain a cinema and bowling alley.  Next to this development, Redrow Homes are developing properties.

 

Villages on the periphery of Crewe, for example, Haslington and Shavington are proving to be popular.  Wistaston is also still well liked due to the school catchment area it falls into.

 

Manchester remains an extremely popular city amongst first time buyers and is extremely successful in attracting young professionals into the area.  House prices in Manchester have increased by 22% over the last year from £109,792 to £134,311.

Regeneration activity and new residential developments built upon Manchester's waste grounds and redundant buildings have replaced the derelict mills and warehouses that used to stretch across Manchester’s city centre.  Examples include the redevelopment of the Hacienda, Manchester's notorious night club, into two bedroom penthouses and the Taylor Woodrow scheme built on the site of an old raincoat works.

 

The area of Chorlton, located two miles South of Manchester city centre, offers a good supply of semi-detached, terraced properties and flats and remains extremely popular with first time buyers and young families.  Chorlton has an average sized shopping area, along with numerous wine bars and eateries.  There are also local junior schools and a recently opened secondary school.

 

House prices in Bolton have increased by 27% over the last year from £100,849 to £127,888.  With properties ranging from terraced housing to the million pound property at the high end of the market, new housing developments are constantly in demand. Families, however, remain keen to buy properties in the BL1 and BL7 areas due to the excellent reputation of the schools in the area.

 

The market town of Frodsham in Cheshire is a commuter’s haven to Merseyside, Chester, Manchester or Warrington. The popularity of Helsby High School continues to drive demand for the price of properties that fall within its catchment area.

 

Good demand exists for larger detached family homes in village locations around Frodsham, along with apartments and smaller houses in the town.  However, supply is increasing with a mixed retail/residential development in nearby Helsby to result in an additional 71 dwellings, while a scheme in Frodsham has just been given planning permission for 52 dwellings.

 

House prices in Lancaster have risen by 27% over the last year to reach £139,863.  Lancaster continues to be a popular area, due to its excellent grammar schools, university, motorway access and easy access to the Lake District.  The development of a northern bypass, currently in consultation stage, will have a positive effect upon house prices.

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