House prices increased slightly, by 0.1%, in Thurrock in June, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 6.7% annual growth.
The average Thurrock house price in June was £290,849, Land Registry figures show – a 0.1% increase on May.
Over the month, the picture was less good than that across the East of England, where prices increased 4.5%, and Thurrock underperformed compared to the 4.5% rise for the UK as a whole.
Over the last year, the average sale price of property in Thurrock rose by £18,000 – putting the area 38th among the East of England’s 50 local authorities for annual growth.
The best annual growth in the region was in North Norfolk, where property prices increased on average by 23.9%, to £304,000. At the other end of the scale, properties in Maldon gained 2.7% in value, giving an average price of £349,000.
Winners and Losers Owners of flats saw the biggest improvement in property prices in Thurrock in June – they increased 0.3%, to £185,999 on average. Over the last year, prices rose by 5.3%.
Among other types of property:
Detached: up 0.1% monthly; up 7.7% annually; £565,197 average
Semi-detached: down 0% monthly; up 6.7% annually; £359,786 average
Terraced: up 0% monthly; up 7.2% annually; £290,025 average
First steps on the property ladder
First-time buyers in Thurrock spent an average of £259,000 on their property – £16,000 more than a year ago, and £38,000 more than in June 2016.
By comparison, former owner-occupiers paid £334,000 on average in June – 29.0% more than first-time buyers.
How do property prices in Thurrock compare?
Buyers paid 11.1% less than the average price in the East of England (£327,000) in June for a property in Thurrock.
Across the East of England, property prices are higher than those across the UK, where the average cost £266,000.
The most expensive properties in the East of England were in St Albans – £550,000 on average, and 1.9 times as much as in Thurrock.
St Albans properties cost 2.8 times as much as homes in Great Yarmouth (£199,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, where the average June sale price of £1.2 million could buy 13 properties in Burnley (average £99,000).
Factfile Average property price in June
Thurrock: £290,849
The East of England: £327,017
UK: £265,668
Annual growth to June
Thurrock: +6.7%
The East of England: +12.1%
UK: +13.2%
Best and worst annual growth in the East of England North Norfolk: +23.9% Maldon: +2.7%
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