Detached feeling of best value

The value of detached homes increased by 13 per cent during the year to the end of June, to stand at an average of 299,295, according to Halifax.

The group said the price rise had outperformed all other property types, which saw price gains of between 8 per cent and 9 per cent during the same period.

The average cost of a detached home was 63 per cent more than the average UK house price during the second quarter.

But homeowners with semi-detached properties have seen the biggest gains during the past decade, with the value of their properties soaring by 111 per cent since 2000.

The average cost of a terraced property has jumped by 110 per cent during the same period, while the price of bungalows rose by 109 per cent and the value of detached homes increased by 102 per cent.

Flats were the only property type not to see double digit returns, with prices rising by an average of 81 per cent since 2000.

The research comes after economists warned that the housing market was set for a fresh round of price falls after lending levels remained subdued. Semi-detached and terraced homes were the most popular properties bought in the year to end of June, accounting for 61 per cent of all sales, up from 58 per cent in 2000.