House prices across Warwick district shot up over £30,000 last year, government data has revealed.

The most up to date UK House Price Index - which runs up to November 2022 - shows the average house price in the district currently sits at £366,793, compared to £335,276 in December 2021.

However, month-on-month the average property price has fallen 0.2 per cent locally - having also fallen by 0.4 per cent the month before.

The current average house price in the region now sits at £662,000 while a semi-detached will set buyers back £391,000 on average.

Data shows that first-time buyers in the area had to pay £296,500 on average last November - compared to £270,774 in the December before.

First-time buyers still account for 7.2 per cent of the local market - following a peak at 10.5 per cent in July last year.

Speaking to Nub News at the start of 2023, local independent estate agent Julie Philpot said last year had been "crazy" for the local property market.

"Needless to say, since August/September, once interest rates had gone up, people have held back," she said. 

"Obviously the press reports had all the negativity, and said prices are falling, so people decided to wait and see what happened. 

"But to be honest while people are waiting, there are people who still want to buy, so the prices aren't necessarily going to drop that much, because somebody out there will purchase."

As of November 2022, the average house price in the UK is £294,910. Nationwide property prices have fallen by 0.3 per cent compared to the previous month, and risen by 10.3 per cent compared to the previous year.