Crawley house prices increased in March

General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.

House prices increased by 1.1% in Crawley in March, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 6.9% over the last year.

The average Crawley house price in March was £330,866, Land Registry figures show – a 1.1% increase on February.

Over the month, the picture was different to that across the South East, where prices decreased 0.4%, and Crawley was above the 1.2% drop for the UK as a whole.

Over the last year, the average sale price of property in Crawley rose by £21,000 – putting the area 20th among the South East’s 64 local authorities with price data for annual growth.

The highest annual growth in the region was in Sevenoaks, where property prices increased on average by 11.5%, to £544,000. At the other end of the scale, properties in Oxford lost 0.9% of their value, giving an average price of £466,000.

First steps on the property ladder

First-time buyers in Crawley spent an average of £298,000 on their property – £19,000 more than a year ago, and £44,000 more than in March 2018.

By comparison, former owner-occupiers paid £375,000 on average in March – 25.8% more than first-time buyers.

Property types

Owners of detached houses saw the biggest rise in property prices in Crawley in March – they increased 1.7%, to £675,347 on average. Over the last year, prices rose by 6.9%.

Among other types of property:

Semi-detached:

Terraced:

Flats:

How do property prices in Crawley compare?

Buyers paid 16.1% less than the average price in the South East (£395,000) in March for a property in Crawley. Across the South East, property prices are lower than those across the UK, where the average cost £285,000.

The most expensive properties in the South East were in Elmbridge – £719,000 on average, and 2.2 times as much as more than in Crawley. Elmbridge properties cost 2.9 times as much as homes in Southampton (£249,000 average), at the other end of the scale.

The highest property prices across the UK were in E09000020.

Factfile

Average property price in March

Crawley: £330,866
The South East:£394,543
UK: £285,009

Annual growth to March

Crawley: +6.9%
The South East: +4.6%
UK: +4.1%

Highest and lowest annual growth in the South East

Sevenoaks: +11.5%
Oxford: -0.9%