HOUSE prices increased slightly in Wrexham in September, new figures show.

However, the rise does not reverse the longer-term trend, which has seen property prices in the area suffer a 6.1% annual decline.

The average Wrexham house price in September was £196,368, Land Registry figures show – a 0.4% increase on August.

Over the month, the picture was different to that across Wales, where prices decreased 0.9%, and Wrexham was above the 0.5% drop for the UK as a whole.

Over the last year, the average sale price of property in Wrexham fell by £13,000 – putting the area 21st among Wales’s 22 local authorities with price data for annual growth.

First steps on the property ladder

First-time buyers in Wrexham spent an average of £170,000 on their property – £12,000 less than a year ago, but £34,000 more than in September 2018.

By comparison, former owner-occupiers paid £225,000 on average in September – 32.4% more than first-time buyers.

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Property types

Owners of detached houses saw the biggest rise in property prices in Wrexham in September – they increased 0.6%, to £289,406 on average. Over the last year, prices dropped by 5.2%.

Among other types of property:

  • Semi-detached: up 0.4% monthly; down 6.4% annually; £178,003 average
  • Terraced: up 0.2% monthly; down 7% annually; £147,777 average
  • Flats: up 0.2% monthly; down 6.3% annually; £97,851 average

How do property prices in Wrexham compare?

Buyers paid 8.6% less than the average price in Wales (£215,000) in September for a property in Wrexham. Across Wales, property prices are low compared to those across the UK, where the average cost is £291,000.

Factfile

Average property price in September

Wrexham: £196,368

Wales: £214,912

UK: £291,385

Annual change to September

Wrexham: -6.1%

Wales: -2.7%

UK: -0.1%