The average price of a terraced property has increased 68.4% to £151,332 in the ten years to the second quarter of 2011, said the Halifax. Despite recent price hikes, a terraced home is still 45% cheaper than an average detached home.
Terraced properties saw their share of all house sales rise by more than any other property over the decade, increasing to 34% from 31%. 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.