Regional Property Market Update Winter 2021: North East, Yorkshire and The Humber

Sales remain brisk as demand continues
The market is busier than in any year since 2007. In the first nine months of 2021, HMRC estimate that more than 1.2 million homes changed hands, 47% higher than the long-term UK average (2010–2019) and just 50,000 fewer than the same period in 2007. On average, there is now only 2.2 months’ worth of stock available in the UK, compared to four months’ stock in 2019 (TwentyCi).
Selby, Harrogate and Ryedale are the most active housing markets in the North East, and Yorkshire and the Humber. The average annual rate of housing stock turnover in the area as a whole is 4.1%.
 

 
On the up 
The average price of a property has increased significantly during the past year, many localities experiencing double-digit annual price growth. Agents anticipate price growth will moderate over the coming months to more sustainable levels, with predicted growth of 2.5% in the North East and 3.0% in Yorkshire and the Humber during 2022 (Zoopla). According to Dataloft, the annual increase in the average property price in the North East is £17,500, with the average property price in Yorkshire and the Humber up by £15,000.
 

 
Keeping warm 
COP26 focused attention on the environment and energy efficiency. An Energy Performance Certificate (EPC) is needed whenever a property is built, sold, or rented. While 90% of new build properties achieve the highest A or B rating, just 1 in 14 resale properties currently reach that grade, although 60% could with improvements. Upgrading could prove lucrative; resale properties rated A/B currently attract a 13% price premium (based on £psf), compared to those properties with the average D rating1.
 

 
 
Properties for sale in the North East region of the UK
Leeds, West Yorkshire, 6 bedrooms

‘Dilkoosha’ is a stunning six-bedroom Victorian end terrace property, which retains many of its period features, including high ceilings, original fireplaces, quarry tiled floors, traditional bay windows with sliding sashes, and original Victorian mouldings. This property, which is steeped in history and romance, was built in circa 1884 by the Gascoigne family of Lotherton Hall. The current owners have expertly created a fusion of period features and contemporary touches throughout, which allows the property to remain sympathetic to the era, but with a contemporary twist. 
 
Great Lumley, Durham, 5 bedrooms

The Old Methodist Chapel is a stunning period property, which originates from the early 1800s and has been completely renovated and refurbished in recent years by the current owners. The property has many period features and has been enhanced with a light and modern interior. It offers flexible and well thought out accommodation, set over three floors, to suit a wide range of buyers.
 
Pontefract, West Yorkshire, 5 bedrooms

A rare opportunity to purchase a piece of Pontefract’s history, Dandy Mill Farm consists of a Victorian farmhouse, an adjacent cottage, traditional outbuildings and the unique landmark of the Dandy Mill itself. The property is arranged within a courtyard with parking for multiple vehicles and is set in extensive grounds including a paddock with outline planning permission for two dwellings. 
 
Contact us
As property prices continue to rise and the UK hits a record number of sales for autumn, sell your property with experts in the property industry this winter. Contact your local Guild Member today.
 

 

Financial Services

Contact a specialist from Aston & Co Financial Services for help with finding the right mortgage.

Read What Our
Customers Say

Jodie Skinner

From the beginning, our experience with Michael and Rhys has been brilliant. Whenever we had a question to ask or needed some additional information, they were both just a phone call away and were always happy to provide us with an answer. As first time buyers, they made us feel ...

Sue Smith

We can’t fault Aston and co in Syston, for their handling of the sale of our property. We were kept up to date weekly and nothing was too much trouble. Both Micheal and Rhys were approachable and very professional. I would definitely recommend using them for an efficient and hassle ...

Andy

Having had issues with other agents, we came to Astons who gave us an honest appraisal of our house – not overpricing it like others to gain business. Michael and Rhys are a great partnership and Rhys being local was able to provide viewers with information that other agents hadn’t. ...

Andy Freer

Recently sold our house with Aston & Co. We honestly could not have asked for more. From the moment Michael came to value the house, to the day to day communication from Rhys we have not had to chase them once. Michael and Rhys are a great partnership and a ...

V Pears

We chose Aston & Co in Syston to handle the sale of our property. We were kept up to date regularly and Michael and Rhys dealt with all matters efficiently and quickly.We would definitely recommend using them for an efficient and hassle-free move.

Gareth Mueller

We bought a house from a vendor who used Astons & Co as their agent. Rhys was helpful and professional from start to finish and regularly kept us in the loop with how things were progressing. Communication was efficient and swift all the way through.

Julie Pearson

From the first visit to value our property to the final phone call informing us of completion Rhys and Michael at the Syston office have been brilliant, down to earth, realistic with valuation very easy to get in touch with.Making everything less stressful.Regular updates were very reassuring . I would ...

Charlotte Hings

The team at Astons are great. They’re really down to earth, take time to listen and help resolve anything they can for you.Their communication is excellent as they always keep you in the loop with what is happening with your sale. They keep both seller and purchaser happy.Fees are reasonable ...

Julie Perkins

We have recently used Aston & Co to sell our property. At all times we received regular reports from them on interest and following viewings . When our property sold Astons managed the chain keeping all parties fully informed and I believe that without their input our sale would have ...

Tina Poole

Michael and Rhys handled both our sale and purchases. They had good local knowledge, their valuation turned out to be on point. Our sale viewings were nearly all on the same day and we accepted an offer very quickly. We were kept up to date regularly with that and our ...

How Much is Your Property Worth?

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation.

PROPERTY SEARCH