A Dorset neighbourhood has been named one of the UK's price hotspots for 2022 by the property site Rightmove.

Sandbanks saw the average house asking price increase by 22% compared to 2021, which was the third-highest rate in the UK.

Only Hulme in Greater Manchester (up by 26%) and Eastwood in Nottingham (up by 29%) saw a higher rise.

In real figures, Sandbanks' average house asking price went up from £1,298,385 in 2021 to £1,585,246 in 2022.

Bournemouth Echo: The average house asking price for properties in Sandbanks rose to almost £1.6m in 2022The average house asking price for properties in Sandbanks rose to almost £1.6m in 2022 (Image: Google Streetview)

Sandbanks is an affluent area, which has had a number of notable residents including Harry Redknapp, Karl Pilkington and Tony Pulis.

Its average house asking price was significantly higher than all the other areas in the top 10.

Top 10 highest average house price rise areas in UK for 2022

1. Eastwood, Nottingham - £231,381 (up by 29%)

2. Hulme, Greater Manchester - £238,249 (up by 26%)

3. Sandbanks, Dorset - £1,585,246 (up by 22%)

4. Heathfield, East Sussex - £405,846 (up by 21%)

5. Chelston, Devon - £275,773 (up by 20%)

6. St. Peters, Kent - £379,199 (up by 20%)

7. Cowes, Isle Of Wight - £367,569 (up by 20%)

8. Little Lever, Manchester - £202,890 (up by 20%)

9. Birchington, Kent - £416,156 (up by 19%)

10. Deeping St. James, Cambridgeshire - £326,824 (up by 19%)


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Tim Bannister, Rightmove’s property expert said: “Property prices have risen exceptionally over the last three years. If we compare with December 2019, just before the pandemic started, the average asking price of a home in Great Britain has risen by a staggering 20%.

"To put that into context, asking prices rose just 3% in the previous three years, and we need to go all the way back to 2013 to see similar price growth.

"We expect average asking prices to drop by 2% next year now that the frenetic period for the market is over, and it is likely that some sellers, particularly those in locations and sectors of the market that have benefitted the most from pandemic price growth, may be willing to give up some of their gains in this calmer market in order to negotiate a successful sale.”