November 2024

A Comprehensive Overview for Buyers and Sellers Are you a homeowner in Sunderland? Perhaps you’re planning to move/sell/buy within the next six to twelve months, or maybe you’re on the lookout for your next dream home and have no timescales. Whether you’re buying or selling, having a clear understanding of the current state of the property market in Sunderland is vital to make informed...

Hundreds of families headed to Seaburn this weekend to visit the new children’s play park.  Situated on land near Cut Throat Dene, behind the Seaburn Inn, the new play area marks another major investment in the community. Officially opened by the Mayor alongside children from Seaburn Dene Primary School, the park was built by BCE Northern Ltd, the company also responsible for local regeneration...

The housing affordability data across the UK provides an insightful snapshot of how long it would take to buy a home in different regions based on average salaries: North East: 4.97 years Scotland: 5.41 years Yorkshire & Humberside: 6.26 years Northern Ireland: 6.30 years North West: 6.39 years West Midlands: 6.41 years Wales: 6.52 years East Midlands: 7.47 years South...

As the property landscape in Sunderland continues to evolve, many homeowners who have been on the market for a while find themselves navigating the complex decision of when and how much to reduce their asking prices to attract buyers. With an increasing number of properties on the market in the Sunderland area, rising from 1,086 in August 2022 to 1,382 in August 2024, the competition is becoming...

The latest Census data reveals the percentage of homes that are privately rented across various UK regions, providing insight into the distribution of private rental housing. Below is a list of each region by the percentage of homes privately rented: London: 30.0% South West: 19.7% Yorkshire & Humber: 19.4% North West: 19.2% South East: 19.2% East Midlands: 18.7% East Anglia:...

The Resurgence of the Sunderland Terraced House: Or Has it Ever Been Out of Fashion? The terraced house, once considered a relic of the past, is making a notable comeback. But one might wonder – did it ever truly go out of fashion? The simple, unassuming two-up two-down, a hallmark of Victorian red brick Britain, is now being rediscovered by modern Sunderland buyers looking for more than just a...

The Renters’ Rights Bill, recently announced by the Labour Government, introduces sweeping changes to the private rental sector in England. The Bill is not law yet as it needs to pass through parliament, still many landlords may feel apprehensive about these reforms. Yet it’s important to note that much of what the Bill introduces was going to introduced by the Tory’s earlier in the year (yet they...

The Sunderland property market has undergone significant changes over the past few years, as depicted in the two graphs provided. These visualisations capture the trends in the number of properties available for sale and the number of properties sold subject to contract (SSTC) from January 2019 to July 2024. By analysing these graphs, we can gain insight into the evolving dynamics of the local property...

The Sunderland property market has experienced a rollercoaster ride since 2019, reflecting the unprecedented challenges and opportunities that have shaped the landscape of home buying and selling in the area. The accompanying graph vividly illustrates these dramatic fluctuations, comparing Sunderland’s monthly house sales, expressed as a percentage of the six-year (2019 to 2024) average in blue. Also on...

Sunderland homeowner or landlord? Curious about the trends in the Sunderland property market?  One measure is the average price paid for homes bought and sold in Sunderland in the last 12 months, on a rolling month by month basis. Each month I like to share this figure, and whilst this figure alone will not tell you much, its trend will.  My followers on social media knowI write...