Autumn Housing Market Report: North East
Busiest Market in a Decade
Key Statistics
In the North East region, the average house price was £515,707, representing a 10.45 percent annual change. The premium price threshold in the North East is £390,000, which means the top five percent of sales were above this figure. Over the last 12 months, the average price per square foot has been around £247. The total value of sales over the past year has been £896 million, with 41 sales at or over £1 million.
The North East Premium Market
Prime property price growth in the North East is 10.4 percent, on par with the average across England and Wales. The highest premium threshold in the North East is in Durham this quarter at £451,000, with Newcastle not far behind at £445,000.
Click here to read the full F&C Autumn Housing Market Report: North East
Properties for sale in the North East region
Belford, Northumberland, 3 Bedrooms
Belford Hall is a Grade I Listed Georgian manor house, designed in the Palladian style, and is built of Ashlar and slate roof. The hall was designed by architect James Paine and built in the mid 1750s, with later additions by John Dobson. The hall sits amongst 24 acres of parkland, including a small lake. The East Pavilion is a fine example of a sympathetic conversion apartment. With accommodation set over two floors. This three-bedroom home is well appointed with a fabulous modern kitchen and bathroom facilities blended with traditional features such as sash windows, coving and feature fireplaces. The property enjoys gas central heating and en-suite facilities in all three bedrooms.
Seaham, County Durham, 4 Bedrooms
Slinglawe Farm offers a prime opportunity to run an equestrian business from a large family home with panoramic countryside views. With 17 loose boxes and 40 acres including hay fields, the farm at Seaton, near Seaham, is ideally set up for a livery or training yard whilst some of the land is already providing income as storage space for caravans. The farmhouse could be remodelled as two separate cottage-style properties. The two-storey, brick-built farmhouse has an excellent living room with glazed doors opening to the garden on two sides leading to an elevated outdoor dining area, and a wood-burning stove set in a feature Inglenook fireplace.
Edmundbyers, County Durham, 5 Bedrooms
Enjoying an idyllic setting on the Northumberland and Durham border, this individual country residence boasts stunning countryside views to the rear and approximately 7 acres of land. The property has been significantly extended to provide amazing living space which will appeal to young and growing families. The beautiful pastures also make this an ideal proposition for horse owners, with scope to erect stabling (subject to obtaining the required approval).
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Looking to sell your home with experts in premium property? Get in touch with your local Fine & Country agent today.
27th Aug 2021
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