Enfield house prices increased in June

File photo dated 14/10/14 of sold and for sale signs. House prices across the UK are expected to increase by 4 percent this year, according to a property group's forecasts. Issue date: Tuesday March 9, 2021.

House prices increased by 1.5% in Enfield in June, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 11.5% annual growth.

The average Enfield house price in June was £432,250.4662, Land Registry figures show – a 1.5% increase on May.

Over the month, the picture was less good than that across London, where prices increased 2.5322733%, and Enfield underperformed compared to the 4.4989563% rise for the UK as a whole.

Over the last year, the average sale price of property in Enfield rose by £45,000 – putting the area third among London’s 33 local authorities for annual growth.

The best annual growth in the region was in Harrow, where property prices increased on average by 16.7%, to £522,000. At the other end of the scale, properties in City of London lost 13.2% of their value, giving an average price of £756,000.

Winners and Losers

Owners of terraced houses saw the biggest improvement in property prices in Enfield in June – they increased 2%, to £460,890.8232 on average. Over the last year, prices rose by 13.4%.

Among other types of property:

Detached: up 0.7% monthly; up 11.5% annually; £1,031,498.331 averageSemi-detached: up 1.5% monthly; up 12.6% annually; £665,548.4932 averageFlats: up 1.1% monthly; up 8.8% annually; £301,179.1121 average

First steps on the property ladder

First-time buyers in Enfield spent an average of £378,000 on their property – £38,000 more than a year ago, and £38,000 more than in June 2016.

By comparison, former owner-occupiers paid £490,000 on average in June – 29.7% more than first-time buyers.

How do property prices in Enfield compare?

Buyers paid 15.3% less than the average price in London (£510,000) in June for a property in Enfield. Across London, property prices are high compared to those across the UK, where the average cost £266,000.

The most expensive properties in London were in Kensington and Chelsea – £1.2 million on average, and 2.9 times as much as in Enfield. Kensington and Chelsea properties cost 3.9 times as much as homes in Barking and Dagenham (£319,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average June sale price of £1.2 million could buy 13 properties in Burnley (average £99,000).

Factfile

Average property price in June

Enfield: £432,250.4662London:£510,298.6011UK: £265,668.1787

Annual growth to June

Enfield: +11.5%London: +6.3%UK: +13.2%

Best and worst annual growth in London

Harrow: +16.7%City of London: -13.2%