House prices leapt by 14.8% in the South Hams in November, new figures show.
The significant boost contributes to the longer-term trend, which has seen property prices in the area surge by 24.3% in the last year – the highest in the South West.
The average South Hams house price in November was £431,305, Land Registry figures show – a 14.8% increase on October.
Over the month, the picture was better than that across the South West, where prices increased 2.5%, and South Hams outperformed the 1.2% rise for the UK as a whole.
Over the last year, the average sale price of property in South Hams rose by £84,000 – putting the area top among the South West’s 29 local authorities with price data for annual growth.
At the other end of the scale, properties in Bath and North East Somerset gained just 5.2% in value, giving an average price of £378,000.
Owners of detached houses saw the biggest improvement in property prices in South Hams in November – they increased 15%, to £648,178 on average. Over the last year, prices rose by 25.7%.
First-time buyers in South Hams spent an average of £343,000 on their property – £66,000 more than a year ago, and £112,000 more than in November 2016.