House prices increased more than average for the North West in Barrow in August, new figures show.

​The ​boost ​contributes to the longer-term trend, which has seen property prices in the area ​achieve 4.8 per cent annual growth​.

The average Barrow house price in August was £128,842, Land Registry figures show​ – a 4 per cent increase on July.

Over the month, the picture was ​better than that across the North West, where prices ​increased 1.4 per cent​, and Barrow outperformed the 0.7 per cent rise for the UK as a whole.

Over the last year, the average sale price of property in Barrow ​​rose by £5,900 – putting the ​area 14th among the North West’s 39 local authorities for annual growth.

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​The best annual growth in the region was in Tameside, where properties increased on average by 7.5 per cent, to £164,000. ​At the other end of the scale, properties in Hyndburn dropped 2.8 per cent in value, giving an average price of £96,000.

Winners and Losers

Owners of semi-detached houses saw the biggest improvement in property prices in Barrow in August – they increased 4.2%, to £157,884 on average. Over the last year, prices rose by 5.8 per cent.

Among other types of property: Detached: up 4.1 per cent monthly; up 5.4 per cent annually; £224,732 average; Terraced: up 3.9% monthly; up 4.2% annually; £108,239 average; Flats: up 3.6 per cent monthly; up 2 per cent annually; £77,800 average.

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First-time buyers in Barrow spent an average of £​115,100 on their property – ​£5,000 more than a year ago, ​and ​£20,300 more than in August 2015.

By comparison, former owner-occupiers paid £​144,100 on average in August​ – 25.3 per cent more than first-time buyers.​

Buyers paid 25.8 per cent less than the average price in the North West (£174,000) in August for a property in Barrow.

Across the North West, property prices are low compared to those across the UK, where the average cost £239,000.

The most expensive properties in the North West were in Trafford – £306,000 on average, and 2.4 times as much as in Barrow. Trafford properties cost 3.4 times as much as homes in Burnley (£91,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average August sale price of £1.4 million could buy 15 properties in Burnley (average £91,000).

Factfile

Average property price in August

Barrow: £128,842

The North West: £173,617

UK: £239,196

Annual growth to August

Barrow: +4.8%

The North West: +3.5%

UK: +2.5%

Best and worst annual growth in the North West

Tameside: +7.5%

Hyndburn: -2.8%