THE top 50 towns where house prices are soaring have been revealed – with some areas rocketing by £37,000 in just a year.
Latest figures show that the values of many homes have doubled over the past ten years.
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New numbers from the Office for National Statistics (ONS) also shows there are no longer any areas where a typical home costs less than £100,000.
The top growth has been seen in Waltham Forest, in trendy east London.
Since 2013 prices have risen from £235,210 to £515,320 – 119 per cent.
Meanwhile in just the past year, values have rocketed £37,291.
Henry Sherwood, managing director of The Buying Agents, which advises home buyers, told Mail Online: “The area has performed incredibly well in the last decade for residential buyers and investors alike.
“A decade ago, it was popular with first and second-rung homebuyers as you could snap up a lovely Victorian terrace for under half a million.”
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Meanwhile Hastings in East Sussex has taken the second place.
House values ring in here at a whopping £295,030 – compared to just £137,090 ten years ago.
Josh Avis, of Phillip Mann estate agents in Seaford, East Sussex, near Hastings, explained: “We get a lot of movers from London, particularly South and East London, who want a change of pace of life and to be by the sea.”
A year ago, the average property in Hastings cost £21,061 less than it does today.
And Kent comes in third on the list.
Here values have soared from £147,950 in 2013 to £318,150 in 2023.
The rocketing values of homes across the UK means that there are now no areas where homes are up for grabs for under £100,000.
Compared to this, ten years ago there were 28 areas where this was possible.
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