Summer boost for Sunderland home owners

The rise contributes to the longer-term trend, which has seen property prices in the city achieve annual growth of 1.2% – bringing the average price of a house in Sunderland to £118,232 in June, Land Registry figures show.

The picture was less good than that across the North East, where prices increased 2.9% between May and June, but Sunderland outperformed the 0.7% rise for the UK as a whole.

Over the last year, the average sale price of property in Sunderland rose by £1,400 – putting the area fourth among the North East’s 12 local authorities for annual growth.

The best annual growth in the region was in Northumberland, where properties increased on average by 5.6%, to an average of £160,000.

At the other end of the scale, properties in Middlesbrough dropped 8.3% in value, giving an average price of £103,000.

Owners of semi-detached houses in Sunderland saw the biggest improvement in property prices in June – they increased 1.6%, to £122,259 on average, a 1.4% increase on the year.

People with detached homes saw the price rise by 1.4% on the month - up 2.7% annually to an average of £218,099.

Owners of terraced homes saw a more modest rise of 1.5% on the month – up 0.9% annually to an average of £96,265.

Prices for flats were up one per cent on the month – but remained down three per cent annually with an average of £74,683.

First-time buyers in Sunderland spent an average of £103,100 on their property – £1,000 more than a year ago, and £7,400 more than in June 2015.

Buyers paid 10.3% less than the average price in the North East – £132,000 - in June for a property in Sunderland.

Across the North East, property prices remained relatively low compared to those across the UK – where the average cost was £238,000.

The highest property prices in the country were in Kensington and Chelsea, in London, where the average June sale price was £1.4m.