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Average house prices in park reach £250k

breaking news

breaking news

The average cost of a home in the North York Moors National Park has now reached £250,000, a new survey on house prices has revealed.

The report, published by the North York Moors National Park Authority, says figures from the Land Registry show that a detached house 
now costs just under £323,000, while a semi-detached 
property averages £218,515, and a terraced home 
£189.840.

House prices had been increasing year on year, says the report, but then dropped dramatically as a result of the recession, but are now rising again.

In the Ryedale district, the average cost of a property ranges up to £287,622 for a detached property, well above the average figure for the Yorkshire and Humber region of £159,471.

“The overall sale price of homes in the national Park increased by three per cent in 2013, compared to 1.4 per cent sold across the region,” says the report.

Four properties in the park were sold in the past year for more than £650,000.

“House price increases in the park outstripped increases across the Yorkshire and Humber region,” adds the 
report.

“With experts anticipating significant growth in the housing market over the next five years, the recent decline in owner occupation levels are likely to continue.”

 

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