Call for your free quote 0800 955 0058

UK house price winner in 2021 revealed with 21pc rise in values

Towns with the highest house price growth in 2021 have seen values rise as much as 21.8%, three times higher than the national average.

The UK house price winner in 2021 is Taunton in Somerset rising the most, up 21.8% during the year according to Halifax, which is three times higher than the average of 6.2% nationwide.

Property values in Taunton have increased £56,546 to £315,759, has benefited its location close to the M4, being close to Chippenham and from home movers looking for more space.

Nearby Chippenham house prices were higher by 18.1% over the year with values rising £58,322 and average property values of £381,181.

Strong growth for regional towns

In the top twenty only five were in the South East and South West and the remaining 15 towns were in the Midlands, Wales, North of England and Scotland with none in London.

This table from Halifax shows the top ten UK towns with the biggest percentage in house prices during 2021 and the current average values.
Town House prices Increase
Taunton £315,759 21.8%
Newark £280,934 20.0%
Rochdale £206,098 18.5%
Chippenham £381,181 18.1%
Braintree £356,216 18.0%
Widnes £222,876 17.8%
Motherwell £177,118 17.3%
Bolton £212,671 16.9%
Hereford £306,872 16.9%
Walsall £230,972 15.9%
The second highest rise was Newark with house prices up 20.0% or £46,732 over the year and average property values of £280,934.

Older equity release buyers can benefit from higher house prices with improved provider loan to values when accessing cash with a lifetime mortgage to improve the quality of life.

With much lower growth in London, the highest rise in house prices borough was Enfield up 6.8% up £32,390 and values of £512,135 followed by Harrow up 6.7% or £35,793 and values of £567,501.

Across the capital house prices were mainly flat with Greater London average values down -0.6% from £558,272 to £554,684 and Westminster down the most at -6.9% year on year.

These higher values make it harder for first time buyers to get on the property ladder and they need larger deposit, higher mortgage and earnings to buy a new home.

See how much the mortgage repayment costs would be when buying a new home at this link:
First time buyer mortgage cost calculator with instant figures for your property.

Buyer demand high in the North

Areas that showed the largest house price growth were in high demand from buyers looking for greater affordability and space compared cities and four of the top 20 are from the North West.

Top Northern town is Rochdale rising by 18.5% or £32,123 with an average property value of £206,098, Widnes house prices are higher by 17.8%, Bolton up by 16.9% and Wirral up by 14.5%.

Three towns are in Yorkshire and the Humber with six in the Midlands and Wales whereas in 2020 eleven of the top 20 were in London and the South East and only two in 2021.

Regionally Wales has the greatest house price growth averaging 14% with values of £231,134 and well ahead of Yorkshire and the Humber and East Anglia rising just over 10% over the year.

For remortgage buyers happy to stay in their existing home, the higher values mean they can get a further advance which can be used to increase indoor space by adding an extension or loft conversion.

Scotland had average house price growth with Motherwell leading up 17.3% followed by Hamilton rising 13.7% and Dumfries higher by 13.6%.

What are your next steps?

Speak to our LCM mortgage advisers if you are buying a new home and looking for the best mortgage deal. Learn more by using the property value tracker chart and equity release calculator.

Start your free first time buyer quote and we can show you the leading mortgage offers for your property at this link:
Free mortgage quote with the best mortgage deals for your home.

If you release equity from your home to repay an interest only mortgage, we can search for the products to meet your needs so begin your equity release quote for the latest provider offers.


Mortgage Best Buys

These are examples of mortgage products we can approach with many more offering interest rates and flexibility to meet your needs.

1.17% Fixed Rate
60% Loan to Value
£1,025 App Fee
Until 31/09/2022
Reverts to 3.59%
1.19% Fixed Rate
60% Loan to Value
£999 App Fee
2-Years Time
Reverts to 3.59%
1.16% Fixed Rate
60% Loan to Value
£1,525 App Fee
Until 01/11/2022
Reverts to 4.09%
1.18% Fixed Rate
60% Loan to Value
£1,034 App Fee
Until 31/10/2022
Reverts to 3.59%

The latest mortgage news


27 Apr 2022

Mortgage costs hit a five year high as central banks raise base rates

After the Bank of England raised base rates to 0.75% lenders have reacted by increasing the cost of mortgages reaching a five year high.

16 Apr 2022

House prices in seaside towns rise 8pc as demand remains strong

Homes on the coast attract a premium and house prices are up 8% on the previous year as buyers seek to improve their quality of life.

14 Mar 2022

15 million homes can benefit from energy efficiency upgrades

Detached homes face the biggest energy costs due to lack of efficiency and in need of upgrades as we face a rise in the fuel energy cap.

25 Feb 2022

Detached home values at £425,000 with higher demand

The average value of detached homes has increased at twice the rate of smaller properties to £425,000 with a surge in buyer demand.

Call for your free quote 0800 955 0058

  • IMPORTANT

    Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.

  • WARNING

    Equity Release - Equity Released from your home will be secured against it. Mortgages – Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it. Think carefully before securing other debts against your home. The information contained in this website is subject to the UK regulatory regime and is therefore intended for consumers based in the UK.

    CONTACT

    Address:
    9th Floor, 30 Crown Place
    London, EC2A 4EB

    Phone:
    0800 955 0058

    Email:
    info@londoncitymortgages.co.uk

    London City Mortgages Limited is a registered company in England & Wales under company number 09278987. London City Mortgages Limited is an Appointed Representative (FCA no. 655965) of Blackstone Moregate Limited (FCA no. 459051) which is authorised and regulated by the Financial Conduct Authority. LCM and LCM Equity Release are trading names of London City Mortgages Limited.

    2022 © London City Mortgages.
    Website designed & developed by Spyre Media