THE average price of a detached house has increased by 50% in the last decade, a new survey claims.
According to research by online estate agents Housesimple, the average price of a detached house in the UK was £252,473 in January 2009.
Today, a detached property will set you back, on average, £377,945* - that’s an increase of £125,472 or 50% in a decade.
In the South West, the average price has increased from £268,148 in 2009, to £397,491 now - a rise of 48.2%.
For value, buyers should head north, with detached property prices in the North East, Scotland and North West, cheaper than any other regions.
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The North East is the best for value, with the average price of a detached property rising by just over £15,000 or 7.7% since 2009 - that’s less than a 1% price hike a year over the past 10 years. It’s also the only region in the country where the average price of a detached house (£212,377) is below the current average UK house price (£228,147)*.
Unsurprisingly, London is the most expensive region with the price of an average detached property up 87%, or more than £420,000, since 2009. The average price now stands at £906,825.
We took a look back at property advertising in our newspapers from 2009 to find out what your money could buy a decade ago.
Here are 11 examples of detached houses for sale in Somerset in 2009 - and how much they cost...
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