The North East region of the UK is a gem for investors because it is an area of the UK that has a high demand of rich history which attracts people to live there and this is shown in the larger rental yields of the area. Some cities such as Sheffield can report a rental yield of as high as 10%.
Boasting a rich history, diverse communities, and natural beauty that attracts tourists from all over the world, the average house price in the North East is £248,000 and the region offers an affordable location for investors looking to buy property. This price is significantly lower than the UK average, making it an attractive prospect for those looking to make a sound investment.
Urban areas such as Newcastle and Sunderland are particularly attractive to landlords due to the growing student population. The North East is home to several top universities, including Newcastle University and Durham University, which attract a large number of students worldwide. As a result, there is high demand for rental properties in these areas.
Despite the low housing prices, the region offers a good return on investment for landlords. With an average rental yield of 5.6%, the North East offers higher rental yields than the UK average of 5.1%. This makes it a lucrative location for investors looking to invest in the property market.
Overall, the North East is a great area if you are looking to invest in somewhere that has a clear demand for rental property and a clear indication that property prices will also continue to increase over time. It is a safe area to invest in and an area you can definitely find a good deal in as an investor or if you are looking to buy, enjoy a great quality of life.
|An insight into property in North East
|Average house price
|Average household income
Houses for sale in different cities of the North East
For your next investment, you may use this list of all the cities in the South East of England and the corresponding data we have prepared for you.
Data for cities in North East
Cities starting with A
Cities starting with B