The Home Of Great Ideas For More Than 100 Years
Thank you for signing up to . You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.
The last year has been tough for the housing market. Barclays Mortgage (opens in new tab) Postcode Property Index has revealed the postcodes that have weathered the storm the best with the fastest house price growth.
Related: Why sellers should put the house on the market now – before it's too late says expert (opens in new tab)
It is great news for Oldham, in the North West. The postcode OL8 saw the fastest house price growth in the UK according to Barclays Mortgage.
Barclays Mortgage postcode property index
House prices in the postcode saw a 5.7 per cent increase in house prices over the last year. The average house price has risen from £167,766 to £174,835. Barclays Mortgage has attributed the boosted house prices to Brit's look to move to more rural areas as a result of lockdown.
Oldham is the perfect midpoint, with easy transport links to Manchester and close proximity to the Peak District. House prices in this area are now 1.2 per cent higher than the rest of Manchester.
Wolverhampton, famous as the setting for the new Prime film 'How to Build a Girl', saw the second-fastest house price growth. House prices in the WV2 postcode rose by 4.5 per cent, to an average of £168,225 in August 2020. This was 1.6 per cent more than the rest of the city.
The L4 postcode in Anfield, Liverpool saw a similar jump in house prices growing by 4.4 per cent in the last twelve months. This is 1 per cent more than the rest of Liverpool.
CF3 postcode in Cardiff, Wales saw the fourth fastest house price growth. The value of properties in the postcode increased by 3.9 per cent, compared to 3.2 per cent in Cardiff. With average house prices sitting slightly lower than in the rest of Cardiff, this is the perfect place to pick up a good investment.
'WV2 (Wolverhampton), L4 (Anfield, Liverpool) and CF3 (outer districts of Cardiff) have all seen a vast amount of redevelopment and new homes being built in recent years,' explains Lee Chiswell, Director of Barclays Mortgages.
'While new homes and redevelopments may be a draw for some, residents of Cardiff have also benefitted from a cheaper commute to England’s South-West since the Severn Bridge toll was scrapped in December 2018.'
Related: Good news! Nationwide reveals UK house prices are at an all time high (opens in new tab)
'We understand that the pandemic added fresh challenges to the process of buying and selling property. We hope the Postcode Property index will help inform those looking to move. To help them better understand the regional price fluctuations in their local area.'
Rebecca Knight has been the Deputy Editor on the Ideal Home Website since 2022. She graduated with a Masters degree in magazine journalism from City, University of London in 2018, before starting her journalism career as a staff writer on women's weekly magazines. She fell into the world of homes and interiors after joining the Ideal Home website team in 2019 as a Digital Writer. In 2020 she moved into position of Homes News Editor working across Homes & Gardens, LivingEtc, Real Homes, Gardeningetc and Ideal Home covering everything from the latest viral cleaning hack to the next big interior trend.
21 nursery ideas to welcome your bundle of joy in style
Create a space that you and your baby will love to spend time in - whatever the hour
By Rachel Homer
Teenage boys' bedroom ideas – 28 ways to make a space young adults will approve of
Teenage boys' bedroom ideas need to be practical and personal during this time of transition
By Rachel Homer
DIY coffee table ideas - budget-friendly ways to create a living room centrepiece
Save a fortune on a new coffee table with these clever cost-saving tricks
By Jacky Parker