Here's how Bassetlaw house prices held up during the summer

Bassetlaw house prices are increasing faster than the overall average for the East Midlands, according to latest figures.
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The ​boost ​contributes to the longer-term trend, which has seen property prices in the area ​achieve 8.2 per cent annual growth​.

Land Registry figures show the average Bassetlaw house price in August was £168,106​ – a 4.5 per cent increase on July.

Over the month, the picture was ​better than that across the East Midlands, where prices ​increased 0.6 per cent​, and Bassetlaw outperformed the 0.7 per cent rise for the UK as a whole.

House prices in Bassetlaw are rising faster than the East Midlands average. Photo: Daniel Berehulak/Getty ImagesHouse prices in Bassetlaw are rising faster than the East Midlands average. Photo: Daniel Berehulak/Getty Images
House prices in Bassetlaw are rising faster than the East Midlands average. Photo: Daniel Berehulak/Getty Images

Over the last year, the average sale price of property in Bassetlaw ​​rose by £13,000 – putting the ​area fourth among the East Midlands’s 40 local authorities for annual growth.

​The best annual growth in the region was in Derbyshire Dales, where properties increased on average by 11.9 per cent, to £288,000.

At the other end of the scale, properties in South Kesteven dropped 0.9 per cent in value, giving an average price of £219,000.

Owners of detached houses saw the biggest improvement in property prices in Bassetlaw in August – they increased 4.6 per cent to £243,333 on average.

Terraced houses rose by 4.4 per cent in value and flats by 3.6 per cent.

First-time buyers in Bassetlaw spent an average of £​142,000 on their property – ​£11,000 more than a year ago, ​and ​£30,000 more than in August 2015.

F ormer owner-occupiers paid £​190,000 on average in August​ – 33.2 per cent more than first-time buyers.