HOUSE prices have increased by more than two per cent in Tendring in August, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 16.3 per cent annual growth.

The average Tendring house price in August was £257,166, Land Registry figures show – a 2.3 per cent increase on July.

Over the last year, the average sale price of property in Tendring rose by £36,000 – putting the area third among the East of England’s 50 local authorities for annual growth.

Owners of semi-detached houses saw the biggest increase in property prices in August – they increased by 2.6 per cent to £248,496 on average.

First-time buyers in Tendring were also found to have spent an average of £216,000 on their property – £30,000 more than a year ago, and £51,000 more than in August 2016.

By comparison, former owner-occupiers paid £281,000 on average in August – almost 30 per cent more than first-time buyers.