The commuter hotspots where asking prices are rising the fastest – and where they’re falling
Average asking prices for homes in Glasgow and Manchester’s commuter hubs have soared in the past year, new research shows.
Property portal Rightmove analysed asking price growth in commuter towns linked to six of Britain’s largest cities: London, Manchester, Birmingham, Bristol, Glasgow and Cardiff.
Of the cities analysed, the strongest asking price growth is concentrated in commuter locations by Glasgow and Manchester, with 10 of the top 15 fastest-growing hotspots located here.
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Asking prices are rising fastest in more affordable commuter areas, Rightmove said, but falling in some higher-priced locations.
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Colleen Babcock, property expert at Rightmove said the research shows two very different stories playing out in the UK’s commuter markets.
“In the more affordable locations around Glasgow and Manchester, asking prices are rising strongly as buyers look for value within reach of major cities,” she said.
“Meanwhile, some of the more expensive commuter hotspots are seeing prices ease, which could create opportunities for buyers who may previously have been priced out.
“For anyone considering a move, it’s a reminder that looking a little further beyond the main city locations can often open up more options and better value for money.”
Glasgow and the North dominate list of commuter hotspots with the fastest rising asking prices
Asking prices for homes in Falkirk, a commuter town of Glasgow, had the highest annual change among the cities listed, with growth of 13.5%.
The average asking price for home in the town is now £183,596, just lower than the average asking price in Scotland of £199,888, according to Rightmove in August.
Clark Gillespie, director at Forth and Clyde Property, an estate agent in Falkirk, said the city is “an attractive choice for buyers because it offers a combination of affordability, strong transport links and excellent family amenities”.
The town has good transport connections to nearby hubs like Edinburgh and Stirling too, meaning “it’s a practical option for commuters who want to stay connected to major cities while getting more for their money”.
Beyond Falkirk, towns near Glasgow dominate the list of commuter hotspots with the fastest-growing asking prices, with six locations earning a place in the top 15.
Several of Manchester’s commuter towns have also seen strong asking prices growth, with four ranking in the top 15.
Asking prices for homes in Rochdale have grown by 8.7% in the past year, the second-fastest of those analysed, bringing the average to £238,115. The suburb has asking prices lower than the average for the North West, which stood at £273,421 according to Rightmove in August.
Other notable Manchester commuter towns with fast-growing asking prices are St Helens (7.8%), Wigan (6.2%), and Stalybridge (5.6%).
|
Commuter hotspots |
Nearby city |
Average asking price |
Annual price change |
|
Falkirk, Stirlingshire |
Glasgow |
£183,596 |
13.50% |
|
Rochdale, Greater Manchester |
Manchester |
£238,115 |
8.70% |
|
Broxbourne, Hertfordshire |
London |
£654,263 |
8.10% |
|
St. Helens, Merseyside |
Manchester |
£192,570 |
7.80% |
|
Port Talbot, Neath Port Talbot |
Cardiff |
£176,787 |
7.70% |
|
Wishaw, Lanarkshire |
Glasgow |
£140,127 |
7.00% |
|
Wigan, Greater Manchester |
Manchester |
£193,347 |
6.20% |
|
Stalybridge, Greater Manchester |
Manchester |
£265,378 |
5.60% |
|
Greenock, Inverclyde |
Glasgow |
£135,151 |
5.30% |
|
Hamilton, Lanarkshire |
Glasgow |
£174,869 |
5.30% |
|
Wolverhampton, West Midlands |
Birmingham |
£230,737 |
5.20% |
|
Barry, Vale Of Glamorgan |
Cardiff |
£261,859 |
5.20% |
|
East Kilbride, South Lanarkshire |
Glasgow |
£174,348 |
5.10% |
|
Dumbarton, Dunbartonshire |
Glasgow |
£168,045 |
5.00% |
|
Penarth, South Glamorgan |
Cardiff |
£432,414 |
4.70% |
Source: Rightmove, 24 August
London’s commuter hubs dominate list of asking price falls
Average asking prices in many towns serving London have fallen, representing 11 of the bottom 15 commuter towns.
Haywards Heath in West Sussex, a commuter town for the capital, has seen the biggest price fall of 4.8% since last year, Rightmove’s analysis found. Here, the average asking price is now £461,066, just below the average of £469,604 in the South East of England.
Meanwhile, asking prices in Maidenhead, Berkshire have fallen by 3.9% in the past year, bringing them to £571,686.
London does have one commuter town that bucks this trend. Broxbourne in Hertfordshire had the third-strongest asking price growth at 8.1%.
Some of Bristol’s commuter hubs have also seen asking prices fall. Asking prices for homes in Bath fell by 3.8% in the past year, while those in Yate, a suburb of the city, fell by 2.3%.
|
Commuter area |
Nearby city |
Average asking price |
Annual price change |
|
Haywards Heath, West Sussex |
London |
£461,066 |
-4.80% |
|
Maidenhead, Berkshire |
London |
£571,686 |
-3.90% |
|
Bath, Somerset |
Bristol |
£508,109 |
-3.80% |
|
Leamington Spa, Warwickshire |
Birmingham |
£369,612 |
-3.30% |
|
Reading, Berkshire |
London |
£377,211 |
-2.90% |
|
Billericay, Essex |
London |
£558,087 |
-2.80% |
|
Yate, Bristol |
Bristol |
£331,921 |
-2.30% |
|
Slough, Berkshire |
London |
£405,182 |
-2.20% |
|
Chelmsford, Essex |
London |
£402,836 |
-2.10% |
|
Basingstoke, Hampshire |
London |
£353,642 |
-1.90% |
|
Woking, Surrey |
London |
£509,550 |
-1.70% |
|
Tonbridge, Kent |
London |
£483,362 |
-1.50% |
|
Redhill, Surrey |
London |
£426,481 |
-1.30% |
|
Brentwood, Essex |
London |
£559,908 |
-1.20% |
|
Caerphilly |
Cardiff |
£251,142 |
-1.20% |
Source: Rightmove, 24 August
