House prices in area of Scunthorpe go up by a quarter in a year
02-11-2017
By Scunthorpe Telegraph
By Claire Miller
HOUSE prices in an area of Scunthorpe have risen by a quarter over the course of a year, figures show.
In DN15 7, around Scunthorpe General Hospital, median prices were up 26 per cent from £84,000 in 2015 to £106,000 in 2016.
The next biggest rise in North Lincolnshire was in DN15 6, where prices were up by a 17 per cent in a year, from a median of £62,750 to £73,250, although this was still the cheapest postcode in the area, while DN17 4 saw prices rise by 16 per cent to £165,000.
The area of North Lincolnshire with the biggest drop in prices was DN20 0, where the median price fell 5 per cent from £147,250 in 2015 to £140,000 in 2016.
DN9 2 had the highest median price locally, at £188,500.
The area with the biggest price rise in England and Wales in 2016 was W1U 5, around Marylebone in Westminster, which saw median prices jump 294 per cent from £990,000 in 2015 to £3.9 million in 2015, mostly due to a number of new build flats being sold at 24 Paddington Street.
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The area was the most expensive postcode in England and Wales with five or more sales.
The postcode with the lowest median price was SR8 4, around Horden in County Durham, at £25,000.
The area with the biggest price fall in England and Wales in 2015 was SW1X 7, around Belgravia and Knightsbridge, which saw median prices fall 62 per cent from £5.8 million in 2015 to £2.3 million in 2016, although this is likely a return to a more normal trend, after a £17 million flat sold at One Hyde Park in 2015 - the median price in the area was £2.1 million in 2014.
Changes in price may be due to more demand pushing up prices or a changing type of property being sold in the area, particularly if new homes have been built.
Sold prices are taken from the Land Registry’s price paid data. Areas with four or fewer sales in either 2015 or 2016 have been excluded.
There were 100 postcodes with a median price of £1 million or more in 2015, with this rising slightly to 107 in 2016.