Penarth has been named as one of Britain's 'hipster hotspots' which are pushing up house prices in certain areas.

Research by property website Zoopla found the South Wales coastal town which is popular with young professionals had seen property prices jump by 23 per cent since 2011.

The town, which is very close to the city of Cardiff, joined places like Bristol, Manchester and Edinburgh, as well as London, on the hipster hotspot list.

Zoopla looked into the impact on house prices in areas which have attracted new generations of creative, upwardly-mobile people.

Some neighbourhoods have become more 'gentrified' as younger generations of home buyers have found themselves priced out of the areas nearby.

Dalston in East London was identified by Zoopla as the top hipster hotspot, with property prices there having typically increased by nearly 60 per cent over the past five years, now averaging £633,593.

While London's Shoreditch, Stratford, Tooting and Stoke Newington were also identified as having seen strong house price growth, Zoopla found that away from London, property values in other cities' suburbs have also surged as their popularity has grown.

Montpelier in Bristol, which has previously been dubbed one of the 'coolest' places to live in Britain, has seen property price growth of nearly 40 per cent across the last five years.

Meanwhile, Chorlton in Manchester has seen house prices increase by 28 per cent over the past five years.

Birmingham was also identified as a hipster hotspot, with property values in the Jewellery Quarter having increased by 31 per cent over the past five years.

And in Leith in the Edinburgh area, house prices have increased by 13 per cent since 2011. Glasgow's Finnieston has also seen property values increase by 20 per cent over the past five years.

Lawrence Hall, a spokesman for Zoopla, said: "As cities change shape and property prices continue to climb, it is inevitable that run-down areas are revived to accommodate growing resident numbers, resulting in new trendy hotspots starting to appear.

"Given London's population and size, and the city's ongoing gentrification process, it's not surprising to see the capital's edgy enclaves dominating the hipster hotspot rankings.

"With gentrification happening across UK cities, we have seen a shift in price for these areas over the past five years as well as a new set of residents for these hotpots in these ever-growing cities."