The latest figures from the Land Registry have revealed that over the past year, the North East of England has experienced one of the slowest regional rises in property prices in the whole of England and Wales.
The average price in Yorkshire and the Humber had risen 1.2% in the year to the end of August, to £123,063, while in the rest of the North East, the average rose 0.4% to £100,943.
Of course, these figures look at the whole of the residential property marketplace. In terms of brand new homes, LSL’s New Build Index for August showed a greater rise in average prices, with Yorkshire and the Humber increasing 2.7% and the rest of the North East up by 2.0% over the 12 months to the end of August. This compares to a national average (excluding the distorting effect of Greater London) of 4.3%.
Housebuilders in the North East are working hard to meet demand for brand new homes. Here are just a few of those currently under construction in the region.
Kensington Park in Great Preston, Leeds, West Yorkshire (Taylor Wimpey)
The development on Queen Street has only recently been announced and will feature 76 new homes, available in a range of three- and four-bedroom styles, suitable for couples and families alike.
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, new homes and we are delighted to be launching our Kensington Park development this autumn. Our sales team is now on site, and will be on hand to answer any questions prospective buyers may have about buying a new home.”
The Kensington Park development is nestled between the villages of Great Preston and Allerton Bywater, with all amenities required for daily life within easy reach. The homes are within walking distance of shops, post office, cafe, schools and a children’s play area. The area also boasts excellent transport links, with the M1, M62 and A1(M) nearby, making it a great location for commuters and families alike.
Find out more at www.taylorwimpey.co.uk ; 01138 872134
Bassington Manor in Cramlington, Northumberland (Bett Homes)
Bassington Manor is a development of three- and four-bedroom homes all featuring designer kitchens with soft-close drawers and cupboards; a range of integrated appliances including a microwave, fridge-freezer and dishwasher; high-quality bathroom tiling from Porcelanosa and sliding door wardrobe systems as standard.
These 118 new homes are situated just a short distance from the town centre and within walking distance of the railway station, making the development ideal for those working in Newcastle and beyond.
Part exchange and Help to Buy are available to assist home movers and first-timers.
Prices: From £189,995
Find out more at www.betthomes.com ; 08442 579012
Teal Farm Village in Washington, County Durham (David Wilson Homes)
Located in the heart of Washington, this collection of two-, three-, four- and five-bedroom homes comes in a choice of traditional designs, with views of Penshaw Monument and surrounding woodland. The development is close to the A1(M) and A19 and has excellent links to all the North East has to offer.
Timber play equipment and tunnels will fill the public green at the front of the development to provide a valuable play area for younger residents. All residents will benefit from the nearby amenities, such as a Sainsbury’s Local supermarket and other shops.
Washington is located between the cities of Newcastle, Sunderland and Durham, and has close ties with all three. In particular, it is under two miles from the Nissan plant in Sunderland. The town has a busy centre filled with shops, bars and restaurants, and an historic village square.
The site is open to visitors from Tuesday to Sunday, 10.00am to 5.30pm and Monday 12.30pm to 5.30pm.
Prices: From £164,995
Find out more at http://whathou.se/Cm9SkG ; 0844 811 6622
Pont House Park in Leadgate, County Durham (Gleeson Homes)
There are seven property types available at this development of 76 new homes, with a mix of two-, three- and four-bedroom styles to choose from.
An impressive consideration for buyers is the array of assistance schemes open to all sorts of buyers. As well as the government-backed Help to Buy scheme, there are Gleeson’s own initiatives to help people with a home to sell, those still saving to buy, parents trying to help their children get a foot on the property ladder and people wanting access to a 95% mortgage.
Leadgate is close to the edge of the North Pennines Area of Outstanding Natural Beauty, 12 miles from Newcastle-upon-Tyne and 24 miles from Sunderland.
Prices: From £105,995
Find out more at www.gleeson-homes.co.uk; 01207 507 399
Bewick Grange in Harrogate, North Yorkshire (Ortus Homes)
This development on Swan Road offers 33 one- and two-bedroom luxury apartments which are on sale exclusively to over-55s. Not only is Harrogate set in one of England’s loveliest regions, the town itself was recently voted the “happiest town in Britain” for the third year in a row, based on residents’ responses to their feelings on factors such as neighbourliness, recreational facilities, living costs and pride in their own home.
This age-exclusive development will be designed over two blocks, with each block consisting of three floors. There will be a sumptuously decorated reception area and manicured, landscaped gardens with a summer house. All properties have underfloor heating and a private balcony or terrace. On-site parking is available to keep your vehicles safe and secure, with the development well positioned for those looking to explore the local region.
The first residents are expected to move in this winter.
Prices: From £259,999
Find out more at ortushomes.co.uk ; 0800 201 4847
The Willows in Goole, East Riding of Yorkshire (Peter Ward Homes)
The Willows, in Goole, is located far enough away from the town centre to be a suburb, but close enough to walk. There are nine two-, three-, four- and five-bedroom house types to choose from including terraced, semi-detached and detached houses.
The housebuilder offers the Help to Buy scheme and, for those with a home to dispose of before buying their new home, its own FreeSell and Part Exchange initiatives to provide a hassle-free move.
Situated on the banks of the River Ouse, Goole makes a great commuter base, within easy reach of Humberside, Leeds, Doncaster, York and Sheffield by road and with rail links to Hull, Pontefract and Doncaster.
Prices: From £150,000
Find out more at www.peterwardhomes.co.uk ; 01405 203106