New data from the Nationwide has underlined the North-South divide of the property market, with the average home in ‘The North’ at around half the price of that in ‘the South’.
Nationwide’s figures show a typical home in the North – for the purposes of the study, the area comprising the North East, North West, Midlands, Yorkshire and Humberside, now costs £150,917, while averaging prices in the South West, South East, London and East Anglia brings an average of £313,670.
Separate figures from Your Move/Reeds Rains shows that the North East is the only region in the UK where average property prices are under their pre-crisis highs of 2007/8.
The WhatHouse? team picks its favourites from the current range of new build homes for sale in the North East and Yorkshire…
Hall Croft in Wickersley, South Yorkshire (Redrow Homes)
Only a handful of properties remain at this development, situated just five miles outside Rotherham and in easy reach of Sheffield and the M1. The site offers a mix of three- and four-bedroom homes within easy reach of excellent choice of primary and secondary schools within walking distance – ideal for family buyers.
Says Patsy Aicken, sales director for Redrow Homes (Yorkshire): “Hall Croft has proven to be an extremely popular development and we are confident it will carry on being so, even in this final stage. But with only a small selection of homes remaining, would-be buyers are urged to make their move fast, for fear of disappointment.”
The homes for sale are from Redrow’s Arts & Crafts-inspired Heritage Collection and for those hoping to move up from an existing property, the company is offering Part Exchange.
Prices: From £409,950
Find out more about Hall Croft from Redrow Homes
Kensington Park in Great Preston, West Yorkshire (Taylor Wimpey)
The launch of the ‘Shelford’ and ‘Gosford’ show homes at the start of this year has led to 25 homes being sold, out of the total 76 three- and four-bedroom homes of which this semi-rural development comprises.
Anne Bagshaw, sales and marketing director for Taylor Wimpey Yorkshire, says: “We’ve found there to be a real appetite in the area for modern, stylish new homes, and the rate of sales since the launch has been fantastic. Kensington Park has a strong community atmosphere and the show homes give prospective buyers a flavour of what life on this exclusive development has to offer and the stunning styles of homes available.”
Located between the villages of Great Preston and Allerton Bywater, the scheme provides residents with plenty of quality local amenities and good transport links across the region. The Help to Buy scheme might even secure buyers a bigger home than they might have expected without the government assistance initiative.
Prices: From £269,995
Find out more about Kensington Park from Taylor Wimpey
Mill Rise in Ponteland, Northumberland (Linden Homes)
Mill Rise is a development of just 18 two-bedroom apartments, set in the heart of Ponteland village, bringing a range of local amenities within walking distance of home.
Specification includes bespoke kitchen designs, stylish bathrooms, generous storage, energy efficient fittings and a balcony overlooking the picturesque river and attractive landscaping.
Ponteland Golf Course is a short drive from the development, Northumberland Golf Club just eight miles away and Matfen Hall Golf Course only 11 miles away. A further number of stunning courses are dotted within easy reach along the Northumberland Coast.
Newcastle city centre in less than ten miles away and Newcastle International Airport under three miles away.
Prices: From £247,500
Find out more about Mill Rise from Linden Homes
Darlington Arts Centre in Darlington, County Durham (McCarthy & Stone)
With construction starting this spring and the first apartments for sale at the end of 2016, it’s an early start for those who may be interested in one of these purpose-built retirement living apartments for buyers aged 60 or over.
The development will comprise 17 one-bedroom apartments and 15 two-bedroom apartments, with the first completions expected next spring. Each property has a specification aimed at older buyers, with, for example, conveniently placed power points and kitchen appliances, and there are communal facilities such as a lounge and landscaped gardens.
Darlington itself is full of heritage as well as its useful array of amenities such as a weekly outdoor market and regular indoor market, plus a modern shopping centre.
Prices: From £185,000
Find out more about Darlington Arts Centre from McCarthy & Stone
Vista in Whitburn, Tyne & Wear (Avant Homes)
This mix of four- and five-bedroom homes with two or three bathrooms are located in a coastal village just four miles from the centre of Sunderland. Their high-level specification includes open-plan family rooms, bi-fold doors and designer kitchens with top-of-the-range integrated appliances. Early buyers can choose from a wide range of options on many aspects of finish.
The village setting offers easy access to the major cities of the North East, providing residents with a ‘best of both worlds’ deal. Family buyers will be impressed by a choice of local schools and award-winning Sunderland College.
Help to Buy and Part Exchange options are available, subject to terms.
Prices: From £359,995
Find out more at www.avanthomes.co.uk ; 0191 640 4598