The average price of houses in Watford dropped by 1.5% in June, new figures from The Land Registry have revealed.

According to the figures, rhe average Watford house price in June was £370,301, and this was a 1.5% decrease from May.

During the last year, the average sale price of property in Watford rose by £12,000 – putting the area 49th among the East of England’s 50 local authorities for annual growth.

Owners of semi-detached houses fared worst in Watford in June – they dropped 1.6% in price, to £270,973 on average. But over the last year, prices rose by 4.1%.

Detached homes were down 1.6% in price monthly; up 4% annually; £878,558 average, the price of terraced homes in Watfor were down 1.5% monthly; up 4.1% annually; £392,235 average, and for flats in Watford the price was down 1.4% monthly; up 2.1% annually; £270,973 average First steps on the property ladder First-time buyers in Watford spent an average of £329,000 on their property – £10,000 more than a year ago, and £21,000 more than in June 2016.

By comparison, former owner-occupiers paid £425,000 on average in June – 29.4% more than first-time buyers.

Buyers paid 13.2% more than the average price in the East of England, £327,000, in June for a property in Watford.

The most expensive properties in the East of England were in St Albans – £550,000 on average, and 1.5 times as much as in Watford. St Albans properties cost 2.8 times as much as homes in Great Yarmouth (£199,000 average), at the other end of the scale.