HOUSE prices in two Bradford postcodes could see some of the highest rises in Yorkshire, according to new research.

House selling weather forecast, PropCast, has looked at the performance of 61,435 property sales across the region’s 51 postcode districts to identify which are the strongest and weakest property.

Areas including Manningham, Girlington, White Abbey, Lower Grange, Wibsey and Buttershaw could all potentially see their stock rise.

While it is good news for BD8 and BD6, as they are the most likely to see house prices rise, homeowners in BD24, which includes Giggleswick, Horton in Ribblesdale, Settle could likely see a fall in how much their properties are worth.

TOP STORIES:

According to housing website Zoopla, the average house value in Bradford is 133,589, with the average price paid slightly higher at £136,064.

The online tool used to complete the research revealed 67 per cent of Yorkshire postcode districts are showing resilience despite political uncertainty, predicting them to see house prices rise in the next few months.

Caused by various factors to include increased buyer activity, limited availability of good quality stock, while employment and affordability remains strong, Propcast is confident this should bring confidence to hundreds of homeowners who are unsure about whether to put their home on the market or not.

Mark Bower, founder of Hamilton Bower, an Estate Agency in Shipley, said many house prices are showing promise.

He told the Telegraph & Argus: “Despite the uncertainty over Brexit, house prices have seen growth in the region.

“The noticeable shortage of new stock coming onto the market has resulted in an increase in demand, with motivated buyers waiting to pounce on the right opportunity.

“Borrowing is affordable to many and areas of Bradford have attracted investment in the buy to let sector with rents rising strongly across the district offering attractive yields.

“It appears that areas within Bradford are beginning to finally recover from the fall in values in 2008 as a result of the global financial crisis.”

PropCast measures buyer demand levels across England and Wales, which helps tell sellers whether their home will be easy to sell or not.

Gavin Brazg, Founder of PropCast, said: “Although the majority of Yorkshire & Humber retain the upper hand despite Brexit uncertainty, sellers still need to position their asking price competitively against other similar properties for sale if you want to attract multiple offers and achieve the best possible price.

“For those in areas which are expected to see prices fall, try not to be too down heartened. There are numerous factors that can lead to drops which are usually symptomatic of each other.

“When buyer demand in a particular area consistently drops or houses are left on the market for too long (usually because of the decrease in demand), homeowners will often be advised to lower their house price (or their expectations) in order to make a sale.

“The best way for sellers to strengthen their position in a falling market is to price conservatively from the start and choose a local, trusted estate agent who truly knows the market and how best to position your home within it for a fast sale.”