But not all homes on the market are completely out of reach. There are a number of affordable properties currently up for sale around Sunderland for less than £100,000 - ideal for first-time buyers looking to snap up their first home. Here are 10 budget-friendly properties in Sunderland that are on the market right now.
1. 3 bedroom terrace, Fernville Street, Eden Vale
This cosy, neatly presented three bedroom terrace sits in a popular and convenient location, offering easy access to nearby shops, amenities and transport links to Sunderland city centre and beyond. GBP 95,000 Photo: Rightmove
2. 2 bedroom terrace, Wilfred Street, Pallion
This stylish cottage has been beautifully decorated and boasts a spacious central lounge with an open plan staircase, shower room, front double bedroom, fitted kitchen and a feature bay window extension. GBP 74,999 Photo: Rightmove
3. 3 bedroom semi-detached, Pitcairn Road, Pennywell
Offering lots of space and a fitted open plan kitchen and diner, this property also benefits from gardens to the front and rear, as well as driveway parking and a garage. GBP 84,950 Photo: Rightmove
4. 3 bedroom semi-detached, Hawkesley Road, Nookside
Comprising a modern lounge, dining kitchen, three good sized bedrooms, a bathroom and gardens to the front and rear, this property sits close to a range of local amenities and has excellent transport links. GBP 94,950 Photo: Rightmove