Rotherham new build homes averaging £300,000, higher than neighbouring areas

The average price of a new build home in Rotherham is now touching £300,000, around £60,000 more than each of the two neighbouring areas.

The only good news for local purchasers is that houses and flats are much more pricey in Sheffield.

The average cost of a house there is £208,733, compared to £178,443 in Rotherham - and that local price has gone down since Christmas.

The figures were revealed in a deep-dive of data curated by the Government’s Land Registry.

It may make painful reading for young families who want to move up the property ladder at a time of cost-of-living challenges, and also be bad news for people in rented accommodation hoping to make the jump to owning their own place.

There have been some dizzying rises in sale prices.

A comparison over the last five years shows that the average Rotherham detached house went up from £207,040 to £270,026.

Semi-detached homes went up from £133,435 to £170,879, terraced from £104,859 to £131,593 and flats/maisonettes from £83,715 to £96,343.

A new build in Rotherham, on average, will set you back £297,122, almost £100,000 more than if you’d bought it five years ago.

Rotherham’s recent figure is well up on Barnsley (£236,832) and Doncaster (£232,432), but down on the Sheffield average of £265,220.

The average across England is a mighty £456,247, however, according to the Land Registry.

There are some interesting anomalies in the marketplace.

According to the OnTheMarket.com web portal, sold prices as a whole in Rotherham, as of July 5, have risen 12 per cent over the last year.

The average price paid for properties around the Kiveton Park Station district represented a whopping rise of 28 per cent.

Whiston saw the next biggest hike with 25 per cent, followed by Treeton (21 per cent) Brinsworth (18 per cent) Wales (17 per cent) and Thurcroft (14 per cent.)

The following pack also showed notable rises: East Dene (13 per cent) Killamarsh and Thorpe Hesley (11 per cent).

There were some blips in the figures when it came to falling prices, though.

OnTheMarket claimed the average price paid for Throapham homes was £168,000 over the last year, representing a fall of 26 per cent.

Wath had a slip in sale prices by 24 per cent, Laughton Common was down by 11 per cent, Dinnington nine per cent and Catcliffe eight per cent, while Maltby and central Rotherham report small dips.

Meanwhile the most expensive properties on sale in the area, currently, were in Kimberworth and Laughton, according to Rightmove - going for a cool £1.85 million.