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Many houses, flats and bungalows have risen in price more than the cost of keeping them running.
The average property across England is now worth £6,220 more than this time last year.
The combination of average council tax, utility bills and maintenance over the same period is £6,047, said comparison site GetAgent.co.uk.
Average figures for upkeep are £1,818 in council tax, £1,139 on energy, £397 on water, £146 for insurance and £2,547 in maintenance.
When looking at costs against property price rises, 43 percent of local authorities have seen the average price increases outstrip the annual cost of upkeep in that area.
Those living in the West Midlands, East Midlands, Yorkshire and the Humber and the North-west have done particularly well covering their running costs.
Most property owners in the east of England, the North-east, London and the South-west have not been so fortunate. Homeowners in the Southeast have been worst off, with house prices in the region increasing by £3,185 in the past year, while annual outgoings total £6,846.
However, the five best performers were in London, with Hammersmith and Fulham top of the table. The annual cost of upkeep on a home in the borough is £10,481, while house prices have increased by £44,525 in the past year, leaving homeowners a profit of £34,044.
Outside of London, Sevenoaks in Kent has the largest proportion of house price appreciation left over.
Property prices have climbed by £28,685 in the past year, leaving £20,469 once the annual upkeep cost of £8,216 has been accounted for.
Colby Short of GetAgent.co.uk said: “It’s been a topsy-turvy last 12 months that’s included Brexit uncertainty, a pandemic market deep-freeze and an atmospheric, stamp dutyfuelled return to form where house price growth is concerned.The market has stood firm through it all and while homebuyers have been scrambling to save on stamp duty, many existing homeowners have seen their property pretty much pay for itself in terms of upkeep costs and annual price appreciation.”
He added: “Bricks and mortar is largely the best investment you can make and maintaining it is certainly money well spent.”
Earlier this week the Office for National Statistics revealed that house prices hit a new high of £239,000 in August after increasing by 2.5 percent annually.
Average values across the UK were £6,000 higher typically than in August 2019. Some 98,010 home sales took place in September – in line with the same month last year.
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