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Mean house price of semi-detached houses (5247) Metric type
- Help text
- This is the mean house priced for residential property sales (transactions) of semi-detached houses in the area for a 12 month period. These figures have been produced by the ONS (Office for National Statistics) using the Land Registry (LR) Price Paid data on residential dwelling transactions.
The LR Price Paid data are comprehensive in that they capture changes of ownership for individual residential properties which have sold for full market value and covers both cash sales and those involving a mortgage.
The mean is the value determined by adding the values of all transactions for an area together and dividing it by the number of transactions that took place in that area. It is useful for comparing with the median to give an indication of the distribution of house prices in an area and assessing what affect extremely high value transactions have on this distribution. However, the median is the most appropriate measure of average house price.
Note that a transaction occurs when a change of freeholder or leaseholder takes place regardless of the amount of money involved and a property can transact more than once in the time period.
The LR records the actual price for which the property changed hands. This will usually be an accurate reflection of the market value for the individual property, but it is not always the case. In order to generate statistics that more accurately reflect market values, the LR has excluded records of houses that were not sold at market value from the dataset. The remaining data are considered a good reflection of market values at the time of the transaction. For full details of exclusions and more information on the methodology used to produce these statistics please see http://www.ons.gov.uk/peoplepopulationandcommunity/housing/qmis/housepricestatisticsforsmallareasqmi
If, for a given year, for house type and area there were fewer than 5 sales records in the LR Price Paid data, the house price statistics are not reported.
- Modified
- 25 Jan 2024
- Data last updated
- 24 Jan 2024
- Short label
- Mean house price of semi-detached houses
- Status
- Discontinu
- Output precision
- 0
- Polarity
- not applicable
- Measure
- Mean house price
- Dataset
- Mean house price for national and subnational geographies, quarterly rolling year
- Collection
- House Price Statistics for Small Areas
- Source
- Office for National Statistics
- is found in the following lists
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