House prices in Southend have plummeted by an average of over £12,000 in the month of February, according to figures from the Land Registry.

The latest data from the government department reveals that in February 2023 average house prices in Southend reached £335,823.

This was down from £348,164 in January, representing a 3.5 per cent decrease. In the last 12 months it has risen by 3.7 per cent.

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

How much have house prices decreased in Southend?

Breaking it down for specific types of housing, all prices saw a decrease.

  • Detached houses - Down to £648,590 from £669,973 in January
  • Semi-detached houses - Down to £431,067 from £447,288 in January
  • Terraced houses - Down to £335,339 from £348,730 in January
  • Flats - Down to £212,396 from £220,109 in January

Echo: What%are%the%latest%house%prices%in%Southend-on-Sea%? (PA)What%are%the%latest%house%prices%in%Southend-on-Sea%? (PA)

How do Southend house prices compare to the UK average?

Despite the fall in prices this month, Southend is still above the UK average with a typical property value in the nations reaching £287,506 in February.

In cash terms, the average house price in February was £15,052 higher than a year earlier with house price growth accelerating to 5.5 per cent in February 2023. Prices were down by -1.0 per cent month on month.

How much could your house be worth?

We have created this map for the East of England 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 onto their website.

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