The big house price winners and losers, as value of average home soars by £45,000 in one area

• House prices in the UK have increased on average by 6.4 per cent in the last year
• But prices in some areas have plummeted by up to 21 per cent, while in other parts of the country they have soared by as much as 18 per cent
• The latest statistics show the house price ‘winners’ and ‘losers’

The average home in the UK is now worth £271,000, with prices having risen by 6.4 per cent over the last year, new figures show.

The latest House Price Index, published by HM Land Registry this week, shows that prices rose by 1.1 per cent in the last month alone.

But the data only covers the period up to March 2025, meaning it does not show the impact of stamp duty changes on the housing market.

The figures show a very different outlook depending on where in the country you live.

How have house prices changed, and what does the rest of 2025 hold in store?

Analysis by the online estate agents Purplebricks shows the big house price ‘winners’ and ‘losers’.

The biggest loser is the City of Westminster, in London, where £181,776 - or 20 per cent - has been wiped off the value of an average property over the last 12 months.

The biggest winner is Redbridge, where house prices have increased on average by £44,807, or nine per cent, between March 2024 and March 2025.

The big losers include some of London’s poshest areas, like Kensington & Chelsea, while, in contrast, traditionally cheaper parts of the capital have seen big increases.

Other big winners include parts of Derbyshire, Nottinghamshire and Surrey.

Tom Evans, sales director at Purplebricks, believes house prices are likely to rise further this year.

He said: “While the stamp duty changes that came into force from April 1 may not be felt quite yet, the prospect of more Bank of England base rate cuts will likely fuel demand and push up prices further this year - suggesting 2025 will be a strong year for the UK housing market.”

Of course, whether rising house prices in your area make you a winner or loser depends on whether you already own a house and are not looking to upsize.

But Robert Nichols, managing director of Purplebricks Mortgages, claimed that falling interest rates would help first-time buyers.

He said: “The downward trend in mortgage rates will fuel further interest in the market, meaning more for sale signs and more opportunities for that first foot on the ladder - making 2025 a great year for first-time buyers.”

Below are the 10 biggest house price ‘winners’ and ‘losers’, based on how much property values have increased or decreased in the last year.

House price ‘winners’

What can you get for your money?

In Redbridge, a two-bedroom maisonette with easy access to the Central, Victoria & Elizabeth lines is listed for sale on Purplebricks for £450,000.

In Sevenoaks, a ‘stylish’ one-bedroom flat near the train station is listed for sale on Purplebricks for £350,000.

And in Chesterfield, North East Derbyshire, a three-bedroom semi-detached house is listed for sale on Purplebricks for offers over £250,000.

House price ‘losers’

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