Property prices in London commuter areas have surged over the last 12 months, experts have revealed. The news as been welcomed by homeowners across the nation, with prices rising £8,000 over the last year - making the average UK home worth £270,000. Bath and North East Somerset also saw prices drop by 1 per cent, while in Cornwall values stagnated. Waltham Forest also added £27,687 to property prices moving the average value to £512,726. Overall, homes in England have gone up 2.7 per cent since last July, with the average property worth £291,852.