House prices increased slightly in Thurrock in November, new figures have revealed.

The boost, which saw prices rise by 0.7 per cent, contributes to the longer-term trend, which has seen property prices in the area achieve 5.5 per cent annual growth.

The average Thurrock house price in November was £281,443, Land Registry figures show – a 0.7 per cent increase on October.

Over the month, the picture was better than that across the East of England, where prices decreased 0.3 per cent, but Thurrock underperformed compared to the 1.2 per cent rise for the UK as a whole.

Over the last year, the average sale price of property in Thurrock rose by £15,000 – putting the area 18th among the East of England’s 50 local authorities for annual growth.

The best annual growth in the region was in East Suffolk, where property prices increased on average by 11.1 per cent, to £271,000.

At the other end of the scale, properties in Broxbourne lost 0.7 per cent of their value, giving an average price of £347,000.

Winners and Losers

Owners of detached houses saw the biggest improvement in property prices in Thurrock in November – they increased 0.8 per cent, to £550,231 on average.

Over the last year, prices rose by 8.2 per cent.

Among other types of property:

  • Semi-detached: up 0.5 per cent monthly; up 6.7 per cent annually; £349,451 average
  • Flats: up 0.5 per cent monthly; up 1.5 per cent annually; £178,584 average

First steps on the property ladder

First-time buyers in Thurrock spent an average of £250,000 on their property – £12,000 more than a year ago, and £50,000 more than in October 2015.

By comparison, former owner-occupiers paid £324,000 on average in November – 29.9 per cent more than first-time buyers.

How do property prices in Thurrock compare?

Buyers paid 7 per cent less than the average price in the East of England (£303,000) in November for a property in Thurrock.

Across the East of England, property prices are higher than those across the UK, where the average cost £250,000.

The most expensive properties in the East of England were in St Albans – £533,000 on average, and 1.9 times as much as in Thurrock. St Albans properties cost three times as much as homes in Great Yarmouth (£179,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average November sale price of £1.5 million could buy 16 properties in Blaenau Gwent (average £95,000).

Factfile

Average property price in November

  • Thurrock: £281,443
  • The East of England: £302,624
  • UK: £249,633

Annual growth to November

  • Thurrock: +5.5 per cent
  • The East of England: +4.8 per cent
  • UK: +7.6 per cent

Best and worst annual growth in the East of England

  • East Suffolk: +11.1 per cent
  • Broxbourne: -0.7 per cent