House prices in the Maldon district rebounded in November after a six per cent crash in October.

The average Maldon house price in November was £441,581, Land Registry figures show – a five per cent increase on October.

The significant rise contributes to the longer-term trend, which has seen property prices in the area grow by 6.1 per cent over the last year – the highest in the East of England.

Across the East of England, prices fell 0.2 per cent in November, compared to a 0.8 per cent drop for the UK as a whole.

Over the last year, the average sale price of property in the Maldon district has risen by £25,000.

First-time buyers in Maldon spent an average of £334,000 on their property – £19,000 more than a year ago, and £81,000 more than in November 2018.

Owners of flats saw the biggest rise in property prices in Maldon in November – up 5.8 per cent to £185,048 on average. Over the last year, prices rose by 4.8 per cent.

Among other types of property

  • Detached: up five per cent monthly and 6.3 per cent annually to £650,892 on average.
  • Semi-detached: up 4.8 per cent monthly and 6.4 per cent annually to £401,648.
  • Terraced: up 4.8 per cent monthly and 5.6 per cent annually to £299,378

How do property prices in Maldon compare?

Buyers paid 27.4 per cent more than the average £347,000 price in the East of England in November for a property in the Maldon district.

The average cost in the UK is £285,000.

Fact file

Average property price in November

  • Maldon: £441,581
  • East of England: £346,659
  • UK: £284,950

Annual change to November

  • Maldon: +6.1%
  • East of England: -3.3%
  • UK: -2.1%

Highest and lowest annual growth in the East of England

  • Maldon: +6.1%
  • Stevenage: -9%