Plans Approved for Southwick pub to be developed into Supported Housing.
🏠New Supported Housing Scheme for Men Approved in Sunderland 🏠Sunderland City Council has approved plans to transform a long-vacant property into a specialist housing facility for men with complex needs. The development will feature 8 bedrooms and living spaces, alongside 24/7 on-site supportprovided by experienced staff. Run in partnership with Changing Lives, the scheme will offer tailored care […]
Sunderland’s baby boomers are caught in a housing paradox
The Sunderland Baby Boomer Housing Paradox: Wealth in Property, But Nowhere to Go  For decades, baby boomers in the UK have been the quiet beneficiaries of a housing market that has worked in their favour. Rising property prices and a growing housing shortage have pushed home values sky-high, giving this generation substantial equity in […]
Average 5 year fixed rate mortgage in the UK
The graphic above illustrates the average five-year fixed mortgage rate in the UK from 2000 to 2024. While there has been a noticeable rise in mortgage rates over the past couple of years, it’s worth highlighting that today’s rates are still significantly below the peaks we witnessed in the early 2000s and during the financial […]
Rising Rent’s in Sunderland
The map above illustrates the average change in rental values across different areas of Sunderland over the last five years. It highlights a clear trend of rising rental demand and prices, underscoring the shifting dynamics in Sunderland’s property market and shows varied changes, providing landlords with an insight into their specific neighbourhood’s performance. Understanding these trends […]
Sunderland House Sales Up 12.8% on 2023 –  Yet Challenges Still Remain
 The number of agreed UK property sales until Saturday, 22nd November 2024, is 18% higher than a year ago.  Breaking those stats down even further, as of 22nd November 2024, 1,009,340 UK homes had been sold subject to contract (STC), an 18% increase from the 855,083 homes sold STC in the same period of […]
Sunderland Buy-to-Let is Dead
Long Live the Sunderland Buy-to-Let Landlord Future legislation and the recent Budget have stirred considerable anxiety among landlords. The Chancellor’s decision to increase the additional Stamp Duty Land Tax (SDLT) from 3% to 5% for landlords purchasing additional properties initially suggested a grim outlook for the buy-to-let sector. This move, coupled with the introduction of […]
The New Stamp Duty Increase: Another Hurdle for North East Landlords – But Is It Really a Game-Changer?
The New Stamp Duty Increase: Another Hurdle for North East Landlords – But Is It Really a Game-Changer? Over the past eight years, landlords have faced a barrage of new regulations and tax changes. From the original 3% stamp duty surcharge introduced in 2016 to Section 24’s limitation on mortgage interest relief, the new Renters’ Rights Act […]
October ’24 Market Update
A Comprehensive Overview for Buyers and Sellers Are you a homeowner in Sunderland? Perhaps you’re planning to move/sell/buy within the next six to twelve months, or maybe you’re on the lookout for your next dream home and have no timescales. Whether you’re buying or selling, having a clear understanding of the current state of the […]
Hundreds Flock to Seaburns New Play Park
Hundreds of families headed to Seaburn this weekend to visit the new children’s play park. Situated on land near Cut Throat Dene, behind the Seaburn Inn, the new play area marks another major investment in the community. Officially opened by the Mayor alongside children from Seaburn Dene Primary School, the park was built by BCE […]
1 in 9.6 Sunderland Home Sellers Lower Their Asking Price Every Month
As the property landscape in Sunderland continues to evolve, many homeowners who have been on the market for a while find themselves navigating the complex decision of when and how much to reduce their asking prices to attract buyers. With an increasing number of properties on the market in the Sunderland area, rising from 1,086 […]