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First quarter 2005.

Property Hotspots forYORKSHIRE & THE HUMBER

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 in the sample from quarter to quarter.  Towns in high double digits are current hotspots

 

TOWN

AVERAGE HOUSE

PRICE - £

2004*

AVERAGE HOUSE

PRICE - £

2005*

%

CHANGE

Barnsley

95,373

112,784

18%

Barton-upon-Humber

104,556

120,963

16%

Batley

94,197

104,645

11%

Beverley

145,640

174,922

20%

Bingley

151,351

196,850

30%

Bradford

82,838

102,498

24%

Bridlington

111,515

134,257

20%

Brigg

123,682

159,916

29%

Brighouse

129,528

130,743

1%

Brough

149,538

189,109

26%

Castleford

104,027

113,637

9%

Cleckheaton

118,230

125,079

6%

Cleethorpes

91,943

112,356

22%

Dewsbury

94,931

115,323

21%

Doncaster

106,887

127,466

19%

Driffield

116,699

138,483

19%

Goole

122,195

140,543

15%

Grimsby

95,003

114,742

21%

Halifax

100,026

123,733

24%

Harrogate

210,617

246,255

17%

Hebden-Bridge

148,519

200,373

35%

Holmfirth

151,489

171,898

13%

Huddersfield

114,846

140,744

23%

Hull

82,994

100,536

21%

Ilkley

232,648

281,934

21%

Keighley

110,451

129,275

17%

Leeds

135,416

147,660

9%

Liversedge

105,309

134,867

28%

Mexborough

80,079

99,618

24%

Mirfield

129,561

152,631

18%

Normanton

108,421

122,385

13%

Northallerton

184,164

192,853

5%

Ossett

118,789

135,873

14%

Otley

182,315

192,441

6%

Pontefract

113,706

134,636

18%

Pudsey

135,663

147,156

8%

Ripon

163,979

205,421

25%

Rotherham

96,264

118,033

23%

Scarborough

126,213

149,164

18%

Scunthorpe

91,592

116,096

27%

Selby

145,965

165,940

14%

Sheffield

120,211

134,935

12%

Shipley

132,624

151,497

14%

Skipton

192,683

215,493

12%

Sowerby-Bridge

135,166

161,474

19%

Wakefield

127,565

146,269

15%

Wetherby

239,875

265,318

11%

Whitby

145,677

160,965

10%

York

170,787

186,785

9%

Here you will find a general overview of the region

"House prices in Yorkshire and the Humber have increased by 15.5% over the last year to reach £122,946, the strongest growth of any English region.

 

House price ‘hot spots’ in Yorkshire and the Humber include Hebden Bridge, where house prices have risen by 35% to £200,373, Bingley, where house prices have risen by 30% to £196,850 and Brigg, where house prices have risen by 29% to reach £159,916.

 

Bingley is a desirable area. Its housing market remains buoyant and demand firm.  The Bingley bypass has added to the attractiveness of this area. However, there are limited opportunities for first-time buyers in Bingley and they are seeking properties within more affordable areas, such as Keighley, where average house prices are currently, £129,275, a third less than Bingley.

 

The most affordable area to live in Yorkshire and the Humber – and the only town in the region yet to break through the £100,000 barrier - is Mexborough, where the average house price is £99,618.  With its excellent transport infrastructure, leisure centre and well-reputed schools, Mexborough provides the ideal opportunity for any first-time buyer or young family looking to get a foot onto the housing ladder.

 

The most expensive place to live in Yorkshire and the Humber is Ilkley, where house prices have increased by 21% over the last year from £232,648 to £281,934. Located 30 minutes away by train from Leeds, Ilkely remains popular amongst professionals. The town also won a gold medal in the RHS Britain in Bloom landscaping and environmental management competition in 2004.

Hebden Bridge is a quaint, Pennine town with great charm and character.  The town has both a midweek and Sunday market, which benefits both the local residents and serves as a tourist attraction.  Hebden Bridge boasts a wide selection of traditional shops selling everything from antiques to handcrafted goods along with a variety of cafés and restaurants. The town has good rail links to Leeds and Manchester and is located within close proximity to both the M62 and M65 - making it an ideal spot for commuters.

 

The housing stock in Hebden Bridge is typical of a picturesque Pennine town.  Some of the town's more famous properties are situated on the hillside and are up to six stories high.  Other features indicative of the area include cast iron fireplaces, traditional sash windows and arched stone cellars.  

 

House prices in York have risen by 9% over the last year to reach £186,785 and any property realistically priced up to £180,000 is selling well.  There has been an influx of city centre apartments and as a result, there is ample availability.  Huntington and Fulford remain popular areas for families as they are within good school catchment areas.

 

Within Morley, a suburb of Leeds, terraced and semi-detached properties in the region of £100,000 to £180,000 continue to sell well.  Areas on the outskirts of Morley, such as Tingley and Gildersome, provide excellent access to Leeds and Wakefield, due to their proximity to the motorway network and are also located within the catchment area of highly reputed schools.

 

House prices in Halifax have risen by 24% over the last year from £100,026 to £123,733. The town has a good share of first-time buyers who are buying new build flats and terraced houses close to the centre of town. Families are typically migrating to the outskirts of Halifax, where there are better schools and easier parking facilities.

 

Properties under £100,000 and the middle market up to £150,000 continue to sell well, but interest is low in the higher-end of the market, as purchasers are still cautious.

 

Redevelopment activity in Halifax is currently high, especially upon brownfield sites and the edges of green belt, where the expanding commuter belt takes in some of the more desirable areas. Private new build developments upon former council housing areas, for example, Illingworth, are in great demand.

 

Within South Yorkshire, house prices have increased by 17% over the past year to reach £126,291.  The Robin Hood Doncaster-Sheffield airport, which is based at the former RAF Finningley site near Doncaster and due to open on 28th April 2005, seems to be having a positive effect on house prices. They have increased by 19% over the past year to reach £127,466.  This trend is set to have a knock-on effect into Doncaster's neighbouring areas.  

 

The village of Balby, six miles from the airport and the former mining village of Rossington, three miles away are experiencing increasing levels of interest and demand as staff employed at the airport seek houses in the area.

 

With its excellent motorway and train links, Doncaster itself has also benefited from the increased investment that the airport has brought with it.  Doncaster’s lakeside, for example, has been transformed into commercial premises and apartments.  Increased investment opportunities may also overflow into Doncaster’s neighbouring villages, such as Bessacar, Bawtry and Sprotborough.   

With the average house price currently at £114,742, Grimsby is continuing to attract young families and first-time buyers.  First-time buyers are buying properties priced at £70,000 and under in areas such as Cleethorpe Terraces, Lord Street and Littlefield Lane, whereas the catchment areas for Healing and Humberston schools on the outskirts of the town continue to be popular to families.

House prices in Hull have increased by 21% over the last year from £82,994 to £100,536. 

Traditional terraced properties in West Hull are being bought up by first-time buyers, as well as newly built, two bed semi-detached properties on the new Kinsgwood development.

The lower end of the market continues to sell well, which includes properties around £50,000, as well as properties on Princess Avenue, which are selling for around £75,000 to £95,000.

 

The retail development of St Stephen's Square in Hull City Centre will also include some rejuvenation of the residential properties surrounding it, including a new build development at Sutton Park.”

"House prices in Bradford have increased by 24% over the last year from £82,838 to £102,498.

 

Bradford's suburban and city centre living is increasingly popular with first time buyers who have been priced out of the housing market in Leeds and are attracted to Bradford due to its affordability and excellent road and rail transport links.  Bradford provides opportunities for first time buyers to have more house for their money. 

 

Families are attracted to the suburban school catchment areas of Clayton, Queensbury and Thornton, where houses are sold at premium prices.  There is also increased interest from families in the more rural areas of Baildon, Bingley (£196,850) and Shipley.”

 

 

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