Revealed: How Hucknall house prices fared during the first lockdown
The coronavirus pandemic has caused an unprecedented economic shock in the UK but the property sector has managed to hold up well, despite a drop in sales.
New figures from the Office of National Statistics (ONS) average house prices held up across England.
However, the story was a mixed one for the Dispatch region with prices rising in six areas but suffering a drop in three others.
Hucknall reflected this mixed bag all on it’s own with ONS figures from the year ending September 2019 to September 2020 – encompassing the first national lockdown – showing that average prices rose in West Hucknall and Hucknall Town, but fell in Hucknall North & East and Hucknall Westville.
West Hucknall was the joint third-best area in the whole of Ashfield – alongside Huthwaite – with the average house price up 7.9 per cent from £176,447 to £190,332.
Hucknall Town had a much smaller increase of just 0.5 per cent from £138,413 to £139,083.
Average house prices in Hucknall North & East dropped by 5.8 per cent from £206,189 to £194,233, while for Hucknall Westville, the numbers were the second-worst in Ashfield with prices down 8.5 per cent from £212,749 to £194,711.
Only Jacksdale & Underwood fared worse in Ashfield with an 11 per cent drop in prices, while at the other end of the scale, Ashfield’s best performing area was Sutton Central & Leamington where average prices were up 10.8 per cent.
The best performing area in the Dispatch region was Ravenshead & Newstead, where average prices were up 8.2 per cent from £298,537 to £323,001.
Average prices improved in Bestwood Village, up 4.1 per cent from £176,361 to £183,629.
The news was also positive for Bulwell with average prices rising in both Bulwell North and Bulwell West.
In Bulwell North, prices were up 7.4 per cent from £122,315 to £131,340, while in Bulwell West, they rose 5.1 per cent from £127,692 to £134,234.