Homes in Sunderland city centre sold for an average of £69,442 in the year to the end of July, making the SR1 postcode the cheapest place to buy a property in England and Wales. The figure is lower than in any other postcode in the country.
Grimsby was the next cheapest area, with homes in the DN31 postcode selling for an average of £79,940. In Middlesbrough's TS1 postcode, the average house price was £82,417. In TS3, Brambles Farm, the average was £86,861, and in DL4, covering Shildon in County Durham, the average was £90,983.
Other areas with homes under £100,000
Several other postcodes also saw average prices below the £100,000 mark. Bradford city centre (BD1) averaged £91,291, Easington (SR8) £95,509, and Ferndale (CF43) £97,655. Hull (HU2) averaged £99,977, while Liverpool city centre (L2) came in at £102,910.
Further down the list, Hartlepool (TS24) averaged £103,098, New Tredegar (NP24) £103,386, and Ferryhill (DL17) £103,684. Blackpool (FY1) averaged £104,569, Trimdon Station (TS29) £105,999, and Grimsby (DN32) £106,130. Anfield (L5) averaged £109,164, Doncaster town centre (DN1) £109,418, and Birmingham city centre (B2) £110,917.
Property hotspot in Wales
The Welsh postcode of LL61 was the property hotspot of the country. The postcode covers Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch, the longest name for a town in Europe. Average house prices in the area increased by 26.3 per cent in the year to the end of July and are now £293,901. It is the largest percentage increase of any area where at least 50 sales have been made over the last 12 months.
SY25, also in Wales, and WV2 in Wolverhampton had the next largest annual increases, with prices rising by 25.0 per cent. In Stockport's SK1 postcode, prices were up by 24.4 per cent, while in CA26 in Cumbria they rose by 23.3 per cent.
Other notable price rises
Other areas with strong annual increases include Forest Row in Wealden, Sussex (RH18) at 23.1 per cent, Appleby-in-Westmorland in Cumbria (CA16) at 22.5 per cent, and Llandrindod Wells in Powys, Wales (LD1) at 22 per cent. Heanor in Amber Valley, Derbyshire (DE75) and Harbury (CV33) both rose by 22 per cent.
Norwich (NR7) saw prices increase by 21.6 per cent, while St John in London (NW8) rose by 21 per cent. Pendleton in Salford (M6) and York city centre (YO1) both saw increases of 20 per cent. Telford (TF8) rose by 19 per cent, Whitland in Wales (SA34) by 18.7 per cent, and Petersfield in East Hampshire and Winchester (GU32) by 18.5 per cent. Boston and East Lindsey (PE22) rose by 18.1 per cent, Wetherby in Leeds (LS23) by 17.2 per cent, and Corbridge in Northumberland (NE45) by 17 per cent. The figures come from the Lang Registry, which lists the sale price of every house sold in the country.
