‘City escape’ benefits Altrincham as house prices grow by almost £24,000 in 2020

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The price of a house in Altrincham grew by an average of almost £24,000 in 2020, the second-highest of any place outside London.

According to new data released by Zoopla, the value of properties in Altrincham grew by £23,772, with the average price of a house in the town now standing at £536,144.

Altrincham was the only Northern town to feature on the list, which was topped by Windsor in Berkshire.

The top 10 was dominated by places that had evidently benefited from the desire of house-buyers to find more rural or suburban locations in lockdown.

Other places on the list included Penzance, St Albans, Winchester, Christchurch, Hove, Cirencester, Cheltenham and Bishop’s Stortford.

The biggest increases in London were in Kensington and Chelsea (£49,812) and Westminster (£47,882).

RankTownCounty12-month change in value
2AltrinchamGreater Manchester£23,772
4St AlbansHertfordshire£23,410
7HoveEast Sussex£21,660
10Bishop’s StortfordHertfordshire£19,008
The top 10 change in house prices for towns outside London

Gráinne Gilmore, Head of Research at Zoopla, said: “The housing market has been one of the bright spots of the economy in this otherwise uncertain year.

“The ‘once-in-a-lifetime’ reassessment among a large cohort of homeowners around how and where they want to live has led to strong levels of demand since the end of the first lockdown.

‘”he data reflects an increased demand for additional indoor and outdoor space, and some rural locations have seen a rise in activity levels as those no longer constrained by a daily commute look for a different style of living.”

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