281 Properties Secured For Clients - 16.07.2025
Halifax House Price Index
June 2025 - North-West Highest Growth In England - 4.4%
- House price growth flat in June at 0.0% vs dip of -0.3% in May
- Average property price now £296,665 compared to £296,782 last month
- Annual rate of growth edges down to +2.5% from +2.6 in May
- First-time buyer numbers have returned to pre-stamp duty change levels
- House prices in the North West for the last 12 months are up +4.4%, compared to the UK average of 2.5%
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 +3.7% 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 4.4% - 1.9% ABOVE THE UK AVERAGE!
“The UK housing market remained steady in June, with the average property price effectively unchanged over the month, following a slight drop of -0.3% in May. At £296,665, the average house price is still around +2.5% higher than this time last year.
“The market’s resilience continues to stand out and, after a brief slowdown following the spring stamp duty changes, mortgage approvals and property transactions have both picked up, with more buyers returning to the market. That’s being helped by a few key factors: wages are still rising, which is easing some of the pressure on affordability, and interest rates have stabilised in recent months, giving people more confidence to plan ahead.
“Lenders have also responded to new regulatory guidance by taking a more flexible approach to affordability assessments. Over the last two months, we’ve already helped an additional 3,000 buyers – including more than 1,000 first-time buyers – access a mortgage they wouldn’t have qualified for before
“Of course, challenges remain. Affordability is still stretched, particularly for those coming to the end of fixed-rate deals. The economic backdrop also remains uncertain; while inflation has eased, it’s still above target, and there are signs the jobs market may be softening.
“But with markets pricing in two more rate cuts from the Bank of England by year end, and the average rate on newly drawn mortgages now at its lowest since 2023, we continue to expect modest house price growth in the second half of the year.”
Amanda Bryden, Head of Mortgages, Halifax
Nations and regions house prices
In England, the North West shows the strongest growth, up +4.4% on an annual basis, with properties now costing an average of £241,938.
The South West and London continue to see more subdued growth, with prices rising by just +0.5% and +0.6% respectively. However, the capital remains by far the most expensive part of the UK, with the average home now priced at £540,048.
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