Waltham Forest in London was found to have the highest increase in property prices compared to any other area in the UK over the past 10 years.
New research showed that the area experienced a staggering house price increase of 113.6% within this period.
The study conducted by online trading platform, CMC Markets, analysed house price data from the Office for National Statistics (ONS) for each local authority in the UK between 2012 and 2022 in order to discover which area saw the highest increase in house prices and therefore provides the highest return on investment.
While the analysis revealed that Waltham Forest had the biggest return, the area with the second highest increase in property prices was Thanet in Kent.
House prices in Thanet averaged at £142,273.02 in 2012 and have risen to £301,510.06 as of this year, meaning that there has been a 111.9% rise in prices.
Barking and Dagenham came in third, with a 105.9% rise in house prices in the London borough over the past decade.
Hastings in East Sussex places fourth, with prices skyrocketing by 96.8% since 2012.
And finally, another London borough rounds out the top five with Hackney seeing a 96.5% rise in house prices – the average rising from £315,619.92 to £620,147.39 in the past ten years.