House prices in Watford have soared by an average of over £8,000 in the month of May, according to figures from the Land Registry.
The latest data from the government department reveals that in May 2022 average house prices in Watford reached £395,199.
This was up from £387,035 in April, representing over a 2.1 per cent increase. In the last 12 months it has risen by 7.8 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Watford here.
How much have house prices increased in Watford?
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses - Up to £963,516 from £944,255 in April
- Semi-detached houses - Up to £536,091 from £523,549 in April
- Terraced houses - Up to £423,935 from £413,593 in April
- Flats - Up to £278,753 from £274,811 in April
How do Watford house prices compare to the UK average?
Even when comparing Watford to the picture across the UK, the area is well above the UK average with a typical property value in the nations reaching £283,496 in May.
In cash terms, the average house price in May was £32,210 higher than a year earlier with house price growth accelerating to 12.8 per cent in May 2022. Prices were up by 1.2 per cent month on month.
How much could your house be worth?
We have created this map for the East of England so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Watford are the most expensive for average house prices.
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