The North East comprises Northumberland, County Durham, Tyne and Wear, and the Tees Valley, and has a rich industrial heritage from alkali production, petrochem and other chemistry based industries through to salt, glass, coal mining and steel. This is certainly an industrious place.
Its population, according to the 2011 OCSI census, is slightly short of 2.6 million and it features some outstanding geography; think of the picturesque Lindisfarne Castle in Holy Island, lush greenery, streams and waterfalls of High Force in Teesdale, Cheviott Hills’ wild terrain or the shores of Whitley Bay.
Then there are the other great places such as Hadrian’s Wall, and superb towns and cities such as Newcastle and Durham.
Economically, the region has a lot to offer. According to ONS statistics from November 2016 to December 2017, the North East’s inhabitants benefit from an employment rate of 70.7%, and the region has reasons for optimism.
Rightmove reports that property sales in the North East in 2016 were mostly terraced properties, selling on average for £119,704. Semi-detached properties went for £147,287 and detached properties fetched an average of £253,973.
With an overall average price of £156,367 properties are much more affordable here than in the neighbouring North West or Yorkshire and the Humber. It’s most expensive area to buy property was Northumberland with the significantly higher average price of £190,259. House prices remained steady across 2015 and 2016 but are up 4% on the 2014 average price of £149,972.
Connectivity to other regions in the UK is great, either using rail, road or plane. North East offers affordable housing, stability, jobs, places to enjoy and easy links everywhere else. There are plenty of good reasons to live here and properties are easy to pick up for buy-to-let.
Hunters Homes have branches throughout the region so if you are wanting to pop into an Estate Agents in the North East, just find your nearest branch using the Find Your Nearest Branch facility on this site. Our agents have enormous experience and expertise in the housing industry and the local area. They will be happy to go through options with you.
You can find out an accurate valuation of your home’s value by booking a Hunters agent online but if you are wanting something free, easy and immediate, type your the postcode of your home into our Instant Free Valuation Report section and you will receive a summary via email that you can keep for your own record.