House prices increased by 2.8 per cent in Windsor and Maidenhead in July, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 8 per cent annual growth.

The average Windsor and Maidenhead house price in July was £506,867, Land Registry figures show – a 2.8 per cent increase on June.

Over the month, the picture was better than that across the South East, where prices decreased 1.3 per cent, and Windsor and Maidenhead outperformed the 3.7 per cent drop for the UK as a whole.

Over the last year, the average sale price of property in Windsor and Maidenhead rose by £38,000 – putting the area 47th among the South East’s 70 local authorities for annual growth.

Winners and Losers

Owners of semi-detached houses saw the biggest improvement in property prices in Windsor and Maidenhead in July – they increased 3 per cent, to £534,520 on average. Over the last year, prices rose by 8.2 per cent.

Among other types of property:

Detached: up 2.8 per cent monthly; up 9.2 per cent annually; £933,963 average

Terraced: up 2.8 per cent monthly; up 8.5 per cent annually; £457,203 average

Flats: up 2.8 per cent monthly; up 6.6 per cent annually; £305,725 average

First steps on the property ladder

First-time buyers in Windsor and Maidenhead spent an average of £395,100 on their property – £26,700 more than a year ago, and £10,000 more than in July 2016.

By comparison, former owner-occupiers paid £610,600 on average in July – 54.5% more than first-time buyers.

How do property prices in Windsor and Maidenhead compare?

Buyers paid 43.1 per cent more than the average price in the South East (£354,000) in July for a property in Windsor and Maidenhead. Across the South East, property prices are high compared to those across the UK, where the average cost £256,000.

The most expensive properties in the South East were in Elmbridge – £687,000 on average, and 1.4 times as much as in Windsor and Maidenhead. Elmbridge properties cost 3.2 times as much as homes in Southampton (£217,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average July sale price of £1.3 million could buy 13 properties in Burnley (average £101,000).