House prices leapt by 6.3% in Northumberland in June, new figures show.

The significant boost contributes to the longer-term trend, which has seen property prices in the area achieve 17.4% annual growth.

The average Northumberland house price in June was £181,776.4683, Land Registry figures show – a 6.3% increase on May.

Over the month, the picture was similar to that across the North East, where prices increased 5.8558116%, and Northumberland outperformed the 4.4989563% rise for the UK as a whole.

Over the last year, the average sale price of property in Northumberland rose by £27,000 – putting the area second among the North East’s 13 local authorities for annual growth.

The best annual growth in the region was in Redcar and Cleveland, where property prices increased on average by 19.7%, to £139,000. At the other end of the scale, properties in Stockton gained 7.5% in value, giving an average price of £142,000.

Winners and losers

Owners of terraced houses saw the biggest improvement in property prices in Northumberland in June – they increased 6.4%, to £142,538.1003 on average. Over the last year, prices rose by 17.5%.

Among other types of property:

Detached: up 6.3% monthly; up 19% annually; £308,452.0129 average

Semi-detached: up 6.1% monthly; up 16.4% annually; £171,109.9315 average

Flats: up 6% monthly; up 13.4% annually; £95,265.47294 average

First steps on the property ladder

First-time buyers in Northumberland spent an average of £148,000 on their property – £21,000 more than a year ago, and £28,000 more than in June 2016.

By comparison, former owner-occupiers paid £209,000 on average in June – 41.6% more than first-time buyers.

How do property prices in Northumberland compare?

Buyers paid more for properties in Northumberland than anywhere else in the North East in June. The average price paid would buy 1.5 homes in County Durham (£117,000), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average June sale price of £1.2 million could buy 13 properties in Burnley (average £99,000).

Across the North East, property prices are low compared to those across the UK, where the average cost £266,000.


Average property price in June

Northumberland: £181,776.4683

The North East: £149,520.7492

UK: £265,668.1787

Annual growth to June

Northumberland: +17.4%

The North East: +15.3%

UK: +13.2%

Best and worst annual growth in the North East

Redcar and Cleveland: +19.7%

Stockton: +7.5%