House prices increased by 1.1 per cent in the Braintree district in July, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 13.9 per cent annual growth.

The average Braintree house price in July was £345,210, Land Registry figures show – a 1.1 per cent increase on June.

Over the month, the picture was similar to that across the East of England, where prices increased 1.2 per cent compared to a two per cent rise for the UK as a whole.

Across the UK, the the average house price leapt by 15.5 per cent in the year to July, marking the biggest increase in 19 years.

Over the last year, the average sale price of property in Braintree rose by £42,000 – putting the area 19th among the East of England’s 45 local authorities.

Owners of semi-detached houses saw the biggest improvement in property prices in Braintree in July – up 1.4 per cent to £359,600 on average. Over the last year, prices rose by 14.7 per cent.

Detached homes were up one per cent monthly and 15.9 per cent annually to £590,794 on average.

Terraced houses were up 1.2 per cent monthly and 13 per cent annually to £295,974, while flats were up 1.1 per cent monthly and 8.9 per cent annually to £180,773 on average.

First-time buyers in the district spent an average of £285,000 on their property – £33,000 more than a year ago, and £52,000 more than in July 2017.

Buyers paid 3.7 per cent less than the average price in the East of England (£358,000) in July for a property in Braintree. Across the East of England, property prices are lower than those across the UK, where the average cost is £292,000.


Average property price in July

Braintree: £345,210

East of England: £358,413

UK: £292,118

Annual growth to July

Braintree: +13.9%

East of England: +16%

UK: +15.5%