House prices in parts of the UK have risen by more than five per cent over the last 12 months, according to Barclays Mortgages Postcode Ownership Index
An analysis of house prices in 15 cities across the UK has found that some areas have seen prices rise at double the national average of 2.6 per cent, with many of these in the North of England and Midlands. The Barclays Mortgages Postcode Ownership Index is based on data provided by Barclays Mortgages to Hometrack, a property analyst, using average house prices from Zoopla.
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These 15 postcodes have seen the biggest hike in house prices over the last year (Photo: Shutterstock) Photo: (Photo: Shutterstock)
. Bardsley, Oldham - OL8
Parts of Oldham have seen the fastest growth, with house prices in the OL8 postcode area, covering Bardsley, seeing an increase of 5.7 per cent in the last 12 months. This rise is more than double the national average, 2.6 per cent, and is 1.2 per cent higher than the rest of Greater Manchester. Photo: (Photo: Shutterstock)
. Wolverhampton - WV2
The second largest increase was seen in the WV2 postcode area of Wolverhampton, which includes parts of the city centre, Horseley Fields and East Park. Prices rose by 4.5 per cent over the last 12 months, meaning properties there are worth £2691 more than the average property in Wolverhampton. Photo: (Photo: Shutterstock)
. Anfield, Liverpool - L4
Liverpool’s L4 postcode, which covers Anfield, saw the third biggest increase in property prices, of 4.4 per cent. Photo: (Photo: Shutterstock)
. Llanrumney, Cardiff - CF3
In Wales, the area which saw the highest increase in property prices over the last 12 months was Llanrumney, a suburb of Cardiff in the CF3 postcode area, at 3.9 per cent. Photo: (Photo: Geograph, Jaggery)
. Burmantofts and Richmond Hill, Leeds - LS9
The LS9 postcode area in Leeds includes Burmantofts and Richmond Hill, where property prices have risen by an average of 3.8 per cent over the last 12 months. Photo: (Photo: Geograph, Stephen Craven)
1. Bardsley, Oldham - OL8
Parts of Oldham have seen the fastest growth, with house prices in the OL8 postcode area, covering Bardsley, seeing an increase of 5.7 per cent in the last 12 months. This rise is more than double the national average, 2.6 per cent, and is 1.2 per cent higher than the rest of Greater Manchester. Photo: (Photo: Shutterstock)
2. Wolverhampton - WV2
The second largest increase was seen in the WV2 postcode area of Wolverhampton, which includes parts of the city centre, Horseley Fields and East Park. Prices rose by 4.5 per cent over the last 12 months, meaning properties there are worth £2691 more than the average property in Wolverhampton. Photo: (Photo: Shutterstock)
3. Anfield, Liverpool - L4
Liverpool’s L4 postcode, which covers Anfield, saw the third biggest increase in property prices, of 4.4 per cent. Photo: (Photo: Shutterstock)
4. Llanrumney, Cardiff - CF3
In Wales, the area which saw the highest increase in property prices over the last 12 months was Llanrumney, a suburb of Cardiff in the CF3 postcode area, at 3.9 per cent. Photo: (Photo: Geograph, Jaggery)