County Durham is one of the cheapest areas to buy a property in the UK despite this month's increase in prices.

The latest data from the government department reveals that in August 2022 average house prices in County Durham reached £130,413.

This was up from £126,808 in July, representing over a 2.8 per cent increase. In the last 12 months it has risen by 8.8 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around County Durham here.

How much have house prices increased in County Durham?

Breaking it down for specific types of housing, all prices saw an increase.

• Detached houses - Up to £219,587 from £213,321 in July
• Semi-detached houses - Up to £128,709 from £125,304 in July
• Terraced houses - Up to £104,221 from £101,306 in July
• Flats - Up to £78,493 from £76,361 in July

What%are%the%latest%house%prices%in%County Durham%? (PA)

How do County Durham house prices compare to the UK average?

Despite the rise in prices this month, County Durham is still far below the UK average with typical property value in the nations reaching £295,903 in August.

In cash terms, the average house price in August was £35,473 higher than a year earlier with house price growth accelerating to 13.6 per cent in August 2022.  Prices were up by 0.9 per cent month on month.

How much could your house be worth?

We have created this map for the North East so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of County Durham are the most expensive for average house prices.