Terraced houses see biggest price rises

Terraced houses have seen the greatest increases in their price over the last five and 10 years, research by Halifax Estate Agents reveals.

Based on Halifax’s house price data, the results show that over the last 10 years the average UK terraced house price has increased by 239%.

Over the last five years the trend is a little different, terraced properties have still recorded the biggest average house price increase across the UK at 113%.

The next biggest increase was seen by semi-detached houses at 95%, with flats and maisonettes recorded more modest growth at 87%.

Despite the strong growth in the price of terraced properties, detached houses still have the highest average price of all property types. The average price of a detached property in the UK is now £326,396, compared to £110,240 at the end of 1996.