HOUSE prices increased by 1.4 per cent in Denbighshire in September, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 14.3 per cent annual growth.

The average Denbighshire house price in September was £181,305, Land Registry figures show – a 1.4 per cent increase on August.

Over the month, the picture was less good than that across Wales, where prices increased 2.5 per cent, and Denbighshire underperformed compared to the 2.5 per cent rise for the UK as a whole.

Over the last year, the average sale price of property in Denbighshire rose by £23,000 – putting the area sixth among Wales’ 22 local authorities for annual growth.

The best annual growth in the country was in the Vale of Glamorgan, where property prices increased on average by 20.6 per cent, to £284,000.

At the other end of the scale, properties in Bridgend gained 3.1 per cent in value, giving an average price of £173,000.

Owners of detached houses saw the biggest improvement in property prices in Denbighshire in September – they increased 1.5 per cent, to £228,928 on average.

Over the last year, prices rose by 14.5 per cent.

Among other types of property:

  • Terraced: up 1.3% monthly; up 14% annually; £128,725 average.
  • Flats: up 1% monthly; up 10.6% annually; £90,873 average.

First-time buyers in Denbighshire spent an average of £161,000 on their property – £20,000 more than a year ago, and £33,000 more than in September 2016.

By comparison, former owner-occupiers paid £201,000 on average in September – 24.3 per cent more than first-time buyers.

How do property prices in Denbighshire compare?

Buyers paid 7.6 per cent less than the average price in Wales (£196,000) in September for a property in Denbighshire. Across Wales, property prices are low compared to those across the UK, where the average cost £270,000.

The most expensive properties in Wales were in Monmouthshire – £315,000 on average, and 1.7 times as much as in Denbighshire.

Monmouthshire properties cost 2.7 times as much as homes in Blaenau Gwent (£115,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea.