The latest survey from the Royal Institution of Chartered Surveyors (RICS) suggests Yorkshire’s housing market may be set for a slowdown in the second quarter of 2016, after a surge led by the approach of higher buy to let stamp duty costs from 1 April.
The survey showed healthy for sales activity in Yorkshire and Humber over the first three months of 2016, with agents selling an average of 24 homes between December 2015 and February this year – the second highest result of all UK regions in that period. Looking ahead, however, only 9% of the region’s RICS members expected to see an increase in sales activity over the next quarter.
Prices saw an increase driven by speculation regarding investor demand prior to the new stamp duty rules on second and investment homes, but the trend is expected to stop now as investor demand wanes with the substantial new charges. In fact, just one in five Yorkshire and the Humber respondents expect prices to increase at all in the short term.
RICS chief economist, Simon Rubinsohn, says: “Over the past three months, we have witnessed a surge in buy-to-let activity. Since the Chancellor made his Autumn Statement announcement last November, investors have rushed to purchase homes before the stamp duty surcharge comes into effect. It is inevitable that over the coming months, April’s stamp duty changes will take a little of the heat out of the investor market.”
The WhatHouse? team picks its favourites from the current range of new build homes for sale from the Scottish border to north of the Humber…
City Edge in Blakelaw, Newcastle-upon-Tyne (Barratt Homes)
City Edge is creating a new community in Blakelaw, situated on the former Blakelaw School site. It provides a range of two-, three- and four-bedroom homes aimed at a wide variety of buyers, to create a diverse new neighbourhood with well-designed street scenes and lots of open space.
Just minutes from Gosforth High Street, if local amenities can’t meet your demands, Newcastle’s city centre is just four miles away and the Metro Centre at Gateshead just six miles away.
There is a three-bedroom show home and a marketing suite to visit from Thursday to Sunday, 10.00am to 5.30pm, and Monday from 12.30pm to 5.30pm.
Prices: From £142,995
Find out more about City Edge from Barratt Homes
Nostell Fields in Crofton, West Yorkshire (Redrow Homes)
Houses from Redrow’s acclaimed Heritage Collection are available here, mixing Arts and Crafts architecture with 21st-century interior layouts and specification. The current collection of four-bedroom homes for sale can be purchased with the option of Part Exchange or Help to Buy.
Crofton – which itself benefits from a good range of everyday amenities – is situated close to Wakefield town centre with its array of shopping and leisure facilities. Motorway commuter links of the M1 and M62 are also easily accessible. You’re not far from Yorkshire’s rural countryside either, a great escape in leisure time.
Prices: From £229,950
Find out more about Nostell Fields from Redrow Homes
The Hawthornes @ Amy Johnson in Hull, East Riding of Yorkshire (Keepmoat)
The Hawthornes is a development of two- and three-bedroom family homes, part of a larger scheme named after Hull’s pioneering aviator of the 1930s.
This second phase continues in the same vein as the first, offering energy-efficient homes set in lots of open spaces. The site is within easy reach of the banks of the Humber, the green spaces of Pickering Park and Hull’s commercial centre. The A63 offers convenient access to the Humber Bridge and the motorway network.
The government's Help to Buy Scheme is available to assist buyers with a small deposit.
Prices: From £94,995
Find out more about The Hawthornes from Keepmoat
Kingsbrook Wood in Middlesbrough, North Yorkshire (Story Homes)
This development offers a collection of superbly appointed terraced, semi-detached and detached houses situated close to local amenities. Practical and stylish kitchens, flexible reception rooms, easy access to the outdoors and spacious and relaxing bedrooms are the theme throughout the different house types.
The development offers the benefit of proximity to Middlesbrough’s town centre, with its mix of amenities and leisure facilities, and the rural delights of the North York Moors. Nearby, Albert Park and Hartlepool Marina offer a wide range of activities for those who enjoy the outdoor life.
Prices: From £167,950
Find out more at www.storyhomes.co.uk ; 01228 404550
Brierley Hall in Brierley, South Yorkshire (Saul Homes)
With the Help to Buy scheme, a 5% deposit on a home at this development could be as little as £7,000. Brierley Hall consists of just 32 properties, situated in a stunning rural location in the small village of Brierley, six miles to the east of Barnsley.
The residents of many of the homes on this development will have unspoilt views over surrounding fields and farmland and be part of the friendly village community, providing a much-cherished lifestyle.
There is convenient access to the M1 and A1, and from the nearest train station, Fitzwilliam, trains run to Leeds, Wakefield and Doncaster. The major shopping and leisure options of Sheffield are also within easy reach, just over half an hour from the village.
Prices: From £140,000
Find out more at www.saulhomes.co.uk ; 01226 707090
Trinity Court in Seaham, County Durham (Reeds Rains)
Early reservations at this development, currently under construction in Denehouse Road, will allow buyers a choice of fittings including kitchen, bathroom and floor coverings – a real chance to personalise their new home.
A typical townhouse here has an entrance hall with cloakwoom, fitted kitchen/diner with appliances and a rear lounge to the ground floor, two bedrooms (including an en suite master bedroom) and a family bathroom to the first floor, and a third bedroom and study/fourth bedroom to the second floor.
Externally there are front and rear gardens together with a driveway.
Prices: From £150,000
Find out more at www.reedsrains.co.uk ; 0191 5814545
Copperfields in Malton, North Yorkshire (Linden Homes)
This development of 174 new homes from What House?’s Sustainable Developer of the Year 2015 is located on the site of the Malton Showground, making it perfect for commuters to York and the coast, via the A64.
There has already been considerable off-plan interest in the scheme, with a number of its two-, three- and four-bedroom homes already snapped up before they are built by first-time buyers, young professionals, families and downsizers.
The Howardian Hills are to the west of the village, an Area of Outstanding Natural Beauty adjoining the North York Moors National Park, providing an idyllic scenic setting. Malton is also making a name for itself as a foodie town, with a growing artisan community of products made there and a popular market selling a wide variety of high-quality fare.
Prices: From £159,950
Find out more at www.reedsrains.co.uk ; 0191 5814545