House prices in Middlesbrough have gone up by an average of over £3,000 in the month of June, according to figures from the Land Registry.
The latest data from the government department reveals that in June 2022 average house prices in Middlesbrough reached £140,963.
This was up from £137,446 in May, representing over a 2.6 per cent increase. In the last 12 months it has risen by 16.5 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Middlesbrough here.
How much have house prices increased in Middlesbrough?
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses - Up to £249,884 from £245,352 in May
- Semi-detached houses - Up to £142,089 from £138,415 in May
- Terraced houses - Up to £100,750 from £97,874 in May
- Flats - Up to £76,073 from £74,071 in May
How do Middlesbrough house prices compare to the UK average?
Despite the rise in prices this month, Middlesbrough is still well below the UK average with typical property value in the nations reaching £286,397 in June.
In cash terms, the average house price in June was £20,721 higher than a year earlier with house price growth accelerating to 7.8 per cent in June 2022. Prices were up by 1.0 per cent month on month.
How much could your house be worth?
We have created this map for the North East so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Middlesbrough are the most expensive for average house prices.
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