Summer Housing Market Report: North East Region
Key Statistics
In the North East region, the average house price was £463,592, representing a 2.9% annual change. The premium price threshold in the North East is £354,000, 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 £239. The total value of sales over the past year has been £869m with 22 sales at or over £1m.
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. South Shields has seen a 4% decrease and Bishop Auckland has had a 3% decrease in the average house price, while Gateshead has seen an impressive 13% increase. The average price in Newcastle has increased by 11%, Darlington has increased by 8% and Stockton-On-Tees has increased by 7%.
The highest premium threshold in the North East is in Durham at £403,000, with Newcastle not far behind at £400,000.
Click here to read the full F&C Regional Summer Market Report: North East
Properties for sale in the North East region
Stockton-on-Tees, Durham, 5 bedrooms
This contemporary, yet characterful home provides a high-end lifestyle in one of the North East’s most desirable locations, situated in 10 acres surrounded by mature woods with access to a further 150 acres of woodland from this gated development. The home benefits substantial living accommodation with underfloor heating and a layout designed for family life, as well as five double bedrooms all with en-suite bathrooms and dressing facilities.
Stocksfield, Northumberland, 6 bedrooms
Located within the picturesque Tyne Valley, this outstanding family home enjoys a secluded setting within mature grounds of two acres with planning approval on one acre of the land. This 19th century country home provides outstanding, spacious accommodation with four reception rooms, a generous breakfasting kitchen, six bedrooms, two bathrooms and a washroom with W.C., plus a home gym or study.
Iveston, Durham, 5 bedrooms
The Willows is a beautiful country home in a commanding elevated position with wonderful views over the surrounding rolling countryside and grounds of formal gardens and a small paddock. The stone-built family home offers fabulous accommodation arranged over three floors providing two reception rooms plus a large living, dining and kitchen area, utility room and W.C. on the ground floor. The property also has a triple garage with a home office.
Contact us
Looking to buy or sell your home in the North East region? Click here to find your local Fine & Country agent today.
21st Aug 2020
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