285 Properties Secured For Clients - 22.08.2025
Halifax House Price Index
July 2025 - North-West Highest Growth In England - 4.0%
- House prices increased by +0.4% in July, the highest since the start of the year
- Average property price now £298,237 compared to £297,157 last month
- Annual rate of growth +2.4% (vs +2.7 in June)
- House prices in the North West for the last 12 months are up +4.0%, compared to the UK average of 2.4%
Why It Matters for Sub-£100k Investors
- Many North West towns (e.g. Burnley, Accrington, Blackburn, Darwen) still offer terraced homes under £100,000, well below the regional average.
- These properties often yield 7–10%+ gross returns, depending on condition and tenancy strategy.
- Capital growth of +4.0% means your investment is not just cash-flowing, but also appreciating faster than most of the UK.
Additional Market Evidence
- Rightmove & Zoopla show increasing buyer demand in affordable areas of the North due to southern buyers being priced out of their local markets.
- Regeneration and infrastructure investment (e.g. town centre revamps in Blackburn, Burnley, Accrington) continue to attract investors and uplift values.
- Mortgage approvals and buyer demand remain steady despite broader economic uncertainty.
Summary
If you’re investing with a budget of under £100k, the North West remains one of the best-performing and most affordable parts of England. You benefit from low entry prices, growing demand, capital growth outpacing much of the country, and strong rental yields
North-West 12 Month Growth At 4.0% - 1.6% ABOVE THE UK AVERAGE!
“UK house prices rose in July, up by +0.4% (£1,080 in cash terms), the biggest monthly increase since the start of this year. The average house price is now £298,237, +2.4% higher than a year ago.
“While the national average remains close to a record high, it’s worth remembering that prices vary widely across the country depending on a number of factors, not least location and property type.
“Challenges remain for those looking to move up or onto the property ladder. But with mortgage rates continuing to ease and wages still rising, the picture on affordability is gradually improving.
“Combined with the more flexible affordability assessments now in place, the result is a housing market that continues to show resilience, with activity levels holding up well.
“We expect house prices to follow a steady path of modest gains through the rest of the year.”
Homeowners coming to the end of fixed-rate mortgage deals
Amanda continues: “The second half of this year will also see a notable rise in homeowners coming to the end of fixed-rate deals taken out during the pandemic-era property boom; a period marked by ultra-low interest rates and soaring house prices.
“While most borrowers coming to the end of five-year fixed-rate mortgage deals will see their monthly repayments rise, the extent of this will vary across households. Those coming off a two year fixed-rate are very likely to see their monthly payments come down, as they originally locked in rates during the peak that followed the 2022 mini-budget. We’re unlikely to see a significant impact on house prices, but it may influence market dynamics if prospective home movers choose to delay plans as a result of tighter budgets.”
Amanda Bryden, Head of Mortgages, Halifax
Nations and regions house prices
In England, the North West shows the strongest growth, up +4.0% on an annual basis, with properties now costing an average of £242,293.
The South West, London and the South East continue to see moderate growth, with prices rising by just +0.2% and +0.5% respectively. London remains the most expensive part of the UK, now averaging £539,914.
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