According to Halifax’s research, the average price of a terraced property has increased 68.4% to £151,332 in the ten years to the second quarter of 2011.
The report also revealed that the value of terraced houses has risen by an average of £118 a week over the course of the decade.
Suren Thiru, housing economist at Halifax, said: “Demand for such properties is likely to have been supported by their relatively favourable levels of affordability over the period. The rapid house price rises during much of the 2000s priced many potential home movers out of the upper end of the UK housing market,” added Thiru.
Terraced properties saw their share of all house sales rise by more than any other property over the decade, increasing to 34% from 31%.
Detached homes were the only type of property to see a drop in their share of sales, declining to 14% from 21%, driven by a large drop in demand from home movers.
Bungalows saw the next biggest rise in value by 67.9% to £187,167, followed by semi-detached properties, with a 62.4% increase to £164,970.
The value of detached homes increased 56%, but flats and maisonettes were the worst performer, with a 49% increase to £163,825 after the market was flooded with a glut of properties.
Scotland and Yorkshire and Humber accounted for the biggest price rises across all property types over the decade, while London saw the smallest gains.
