HOUSE prices have fallen in the Maldon district but still remain more than 10 per cent up on last year.

House prices dropped in October, new Land Registry figures have revealed.

The average house price was £421,699 – a 1.2 per cent decrease on September.

But the drop does not reverse the longer-term trend, which has seen property prices in the area grow by 10.7 per cent over the last year.

Compared to 2021, the average sale price of properties in Maldon rose by £41,000 to £421,699– putting the area 30th among the East of England’s 45 local authorities.

The average for the UK is £296,422 and £362,865 for the East of England.

First-time buyers in Maldon spent an average of £319,000 on their property – £31,000 more than a year ago.

The average price of detached properties in the district is up 11 per cent annually to £621,618.

Semi-detached houses are up 11.7 per cent annually to £382,630 and terraced properties are up 10.4 per cent to £285,818 on average.