Partner Article

Buyers’ Budgets Go That Extra Mile In Durham

FIRST-TIME buyers looking to place their first foot on the property ladder could get more than they bargained for in Durham as the city is ranked as the UK’s most affordable place to secure a home.

Renowned for its rich heritage and culture, Caroline Pattinson, managing director of Pattinson Estate Agency, says the vibrancy of Durham and the versatility of properties available in the city is fundamental to its success amongst a variety of house hunters.

She said: “From a two-bedroom apartment in Newton Hall available for offers in the region of £74,500 to a six-bedroom detached home in Durham City Centre priced at £315,000, this city has a property to cater for every buyer.

“By mapping the average earnings for the under 40s against typical house prices, the research placed Durham top of the list as the easiest place to join the property market in the UK and the most affordable city, while Newcastle was also ranked in the top 10 for affordability.

“As prices remain stable in the North East, the region continues to offer good value for money, so now really is the time to buy in Durham for all kinds of house hunters.

“There are great investment opportunities throughout the city that will see people secure much more for their budget than anywhere else in the UK, whether they are looking to purchase their first home or are a seasoned investor.”

With 29 branches located across the region including in Durham City, Pattinson is the North East’s largest estate agency, offering houses and property for sale, rent or auction. For more information on Pattinson, and its range of properties available, visit www.pattinson.co.uk.

This was posted in Bdaily's Members' News section by Pattinson .