Shropshire’s average house price falls

The average price of a home in Shropshire fell last month, despite national prices increasing.

New houses - PA

A typical home in Shropshire was sold for £157,581, a 1.6 per cent decline on the previous year. That reflects a 0.5 per cent decrease on the previous month, which was better than elsewhere in England and Wales. Overall, a typical home in Shropshire is worth 13.9 per cent less than before the recession.

In September 2007 a typical home in the county was worth more than £183,000.

In the West Midlands, prices fell month-on-month by 0.9 per cent to £128,391, while around the UK, the price fell by 0.3 per cent to £162,561.

The figures mean Shropshire, as a whole, clocks in at 97 per cent of the national average price.

Bill Brookes, from DB Roberts estate agents, which has branches in Telford and Shrewsbury, said: “A change of 1.6 per cent is covered by the normal ebb and flow of what’s sold in the period covered by the figures, so to all intents and purposes it shows prices have flatlined, which is what we have experienced.”

Gloom

Michael Nettleton, director of Nock Deighton estate agents, which has branches in Telford and Bridgnorth, added: “Over the past 12 months, we have seen much doom and gloom, with the situation in Greece and the double dip recession in the UK which has had an impact on the housing market.

“We are witnessing a growing confidence among buyers and, over the last six to eight weeks have seen a buoyant market with sales up about 20 per cent compared with this time last year. While these latest figures are a disappointment, there is certainly room for optimism.”

Detached houses in the county are now worth an average of £240,723, semis are typically worth £137,494, while terraced properties cost £118,629.

Flats and maisonettes are selling for around £94,575.