As House Prices Lift, How Has Your Local Market Changed?

House prices surge by over £17,000 in a year - let's see where home prices have increased the most.

Homeowners across the UK have been left delighted following today’s House Price Index report, indicating a property boom across the country. 

Data shows that a majority of regions across the UK have gone up in price, with hotspots including Sevenoaks in Kent and Rushcliffe in Nottinghamshire.

Property owners in many of London’s boroughs continue to see their homes varying in price, with areas such as Lewisham and Redbridge among the big winners, according to our partners at Purplebricks Mortgages.

Robert Nichols, managing director of Purplebricks Mortgages, believes that many Brits will be buoyed following the increase in house prices across the country.

In particular, first-time buyers could benefit - Robert said they ‘have more opportunities to get a first foot on the ladder’. 

Properties in swanky Kensington, Chelsea, and Westminster have seen their value drop by an average of as much as 20% in a year, or over £180,000.

The analysis carried can reveal the exact places where property values have increased both this month and also year on year. 

The welcome news for homeowners across the UK is that the value of their homes increased by 6.4% year on year.

This increase of £17,344 in the 12 months from March 2024 until March 2025 would be welcomed by property owners as Trump’s tariffs threatened to wreak havoc on the property markets. 

There was a small but welcome monthly increase of 1.1% according to today’s House Price Index report from the Office for National Statistics (ONS). 

Properties in Sevenoaks continued to rise following last month’s increase, with a further 8% increase from this time in 2024, equating to £44,417 being added to the price tag.

Homes in the town located in coastal county Kent now cost over half a million, with the average price tag a cool £535,142. 

The London borough of Redbridge was another big winner in this month’s House Price Index with a rise of 9% year on year, an increase in monetary value of £44,807.

Properties in the borough which borders Essex and the Epping Forest now sit at £492,390 as London property prices continue to soar.

In the rest of London, it was a continuous postcode lottery as 24 boroughs saw a price rise and nine saw prices continue to drop, according to property experts Purplebricks. 

The difference throughout London is so diverse that Redbridge was the biggest winner, yet the top 6 biggest losers were also boroughs of the capital. 

Lewisham experienced a yield of 9% which added £42,011 to the property price in the south-east of London. 

The average house in the borough now costs an average of £488,497 following the HPI report today. 

The borough, known for its historical landmarks experienced much better fortunes than other boroughs in the south of the capital. 

Kensington and Chelsea, alongside the City of Westminster, recorded annual losses of over £100,000, according to the HPI data.

The homes in SW3, famed for the E4 reality show and Champions League chasing footballers, saw prices plunge by 15%, equivalent to a jaw-dropping £179,444.

Despite the seemingly continual freefall, the average property in Kensington and Chelsea remains £1.1 million, ensuring that homes in the exclusive borough remain over 7 figures. 

The City of Westminster experienced a devastating drop of 20% meaning homes in proximity to Parliament lost £181,776 from their valuation.

Homes in the political heartland of the United Kingdom are now worth £904,356 despite the continual dip in value. 

Across the UK, there has been a strong rise in property with average prices in homes compared to last year.

Since March 2024, homes have increased by over six per cent over the last calendar year, no doubt delighting homeowners from Aberdeen to Aberystwyth. 

House prices in England saw an annual change of 6.7%, making the average property worth £295,645. 

Welsh homes continue to go from strength to strength with another strong showing as the Welsh capital gears up to host the European Champions Cup final.

The average property price in Cymru increased to £208,093, a 3.6% rise year-on-year.

Properties north of the border in Scotland also witnessed an increase of 4.6% annually, which meant that the average home is now worth £185,939. 

Tom Evans, Sales Director here at Purplebricks said: “House prices continuing to rise is great news for UK homeowners.

“While the stamp duty changes that came into force from April 1 may not be felt quite yet, the prospect of more Bank of England base rate cuts will likely fuel demand and push up prices further this year - suggesting 2025 will be a strong year for the UK housing market.”

Robert Nichols, Managing Director of Purplebricks Mortgages, said: “Rising house values coupled with falling mortgage rates is a big win for homeowners and would-be homeowners alike.

“The bump in property prices should boost confidence in the benefits of investing in bricks and mortar, while repeated Bank of England base rate cuts will spur both existing and prospective owners into making a move.

“The downward trend in mortgage rates will fuel further interest in the market, meaning more for sale signs and more opportunities for that first foot on the ladder - making 2025 a great year for first-time buyers.”

Curious how much your home is worth today? Book in a free house valuation - with a local, friendly estate agent.