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Value of detached houses up by over £640 per month in past decade

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The average price of a detached property has grown by almost £77,000 to £282,211 since the second quarter of 2002. This represents a 38% increase over this period.

Terrace houses have grown by 41% to £151,568 whereas semis and bungalows are up by 37% to £165,565 & £185,365 respectively.

Price differences between detached properties and most other property types have widened since the start of the housing downturn

The average price of a detached house is now £117,000 (70%) higher than that for a semi-detached home; a gap that has widened from 66% at the height of the housing market in mid 2007.

More information on this report can be found on the following link to Property Reporter http://www.propertyreporter.co.uk/view.asp?ID=10300