Autumn Housing Market Report: North East Region

Autumn Housing Market Report: North East Region

A Strong Third Quarter

Key Statistics

In the North East region, the average house price was £463,592, representing a 2.53% annual change. The premium price threshold in the North East is £350,000, which means the top 5% of sales were above this figure. Over the last 12 months, the average price per square foot has been around £240. The total value of sales over the past year has been £721m with 28 sales at or over £1 million. 

VIEW THE FULL REGIONAL REPORT

 

 

The North East Premium Market

While some areas in the North East have seen a decrease in the average property price, others have performed extremely well. The average price in Newcastle and Washington has increased significantly, by 8%, followed closely by Stockton-On-Tees, which increased by 7%.

The highest premium threshold in the North East is in Newcastle at £400,000, with Durham not far behind at £391,000.

North East Regional Property Housing Market report Statistics Autumn 2020

 

 

Click here to read the full F&C Autumn Housing Market Report: North East

 

Properties for sale in the North East region

Teesdale, Durham, 5 bedrooms

large english stone built dream family home with blue doors

This five-bedroom family home, set back from a quiet road on the south side of the nearby river, stands on half an acre of grounds and enjoys picturesque views towards Bowes Museum. The property has been extended to include a generous open-plan kitchen, family and garden room, and is beautifully presented with fresh, neutral décor throughout.

Tynemouth, Tyne and Wear, 5 bedrooms

contemporary executive Georgian style family house

This contemporary, executive residence is conveniently located to the north-east of the city of Newcastle and within 1.5 miles of the popular and highly regarded coastal town of Tynemouth. Built in a Georgian style, with brick elevations, stone headers and an arched canopy over the front entrance door, this home boasts impressive accommodation throughout, including a breakfast-kitchen, lounge, games room, family room and dining room on the ground floor.

Hartlepool, Durham, 5 bedrooms 

Grade II Listed symmetrical Georgian former rectory in private gardens

Hutton House, set in east Durham, was formerly the rectory to the adjacent parish church. The Grade II Listed, historic building, dating back to 1824, was created for the Reverend Thomas Slater, but has since been a family home for many years. With approximately 11 acres of land, this magnificent Georgian home is ideal for a family with equestrian interests, while a range of attractive outbuildings facing a rear courtyard could be developed as holiday lets with the necessary planning permission.

 

Contact us

If you are looking to sell your property in the North East region of the UK, the rest of the UK or overseas, don’t hesitate to get in touch with your local Fine & Country agent today.

BOOK A VALUATION

 

18th Nov 2020

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18th Nov 2020

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