© Provided by Lancashire TelegraphWhat are the latest house prices in Rossendale? See how much your home could be worth (PA)
House prices in Rossendale have plummeted by an average of over £9,000 in the month of February, according to figures from the Land Registry.
The price fall in Rossendale is one of the largest percentage decreases in the entirety of the UK over the month.
The latest data from the government department reveals that in February 2023 average house prices in Rossendale reached £195,687.
This was down from £205,219 in January, representing a 4.6 per cent decrease. In the last 12 months it has risen by 10.3 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Rossendale here.
How much have house prices decreased in Rossendale?
Breaking it down for specific types of housing, all prices saw a decrease.
© Provided by Lancashire TelegraphLancashire Telegraph: What%are%the%latest%house%prices%in%Rossendale%? (PA)What%are%the%latest%house%prices%in%Rossendale%? (PA)
How do Rossendale house prices compare to the UK average?
The fall in prices this month means Rossendale is still well below the UK average with typical property value in the nations reaching £287,506 in February.
In cash terms, the average house price in February was £15,052 higher than a year earlier with house price growth accelerating to 5.5 per cent in February 2023. Prices were down by -1.0 per cent month on month.
How much could your house be worth?
We have created this map for the North West so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Rossendale are the most expensive for average house prices.