Northumberland property experts value £328m of property in 2022

The Alnwick office of a leading property specialist saw valuations exceed £328m in 2022.

The figures from property expert Bradley Hall include both commercial and residential valuations in Northumberland, with the average valuation over £1.6m.

Although across the UK, residential property saw prices rise compared to 2021, and commercial values decreased by 13 per cent, which makes the figures from Bradley Hall’s Alnwick office even more impressive.

Angus Todd, director at Bradley Hall Alnwick, said: “There is undoubtedly increasing pressure on most people’s finances at the current time and people are having to think hard about how they spend their money.

“But what we’re seeing is a healthy market in Northumberland, for both residential and commercial property. People are seeing Northumberland as a great place to invest and there is a lot of confidence in the market. I think it’s really encouraging to see both commercial and residential estates performing so well.”

Bradley Hall is a full-service agency, offering sales and rental support for all types of residential and commercial property from its office on Alnwick high street.

“Our Alnwick office is well established, and we have earned a reputation as a go to agency for Northumberland,” added Angus.

“People know they can trust us, and this is reflected in the fantastic results we saw in 2022. Looking forward, 2023 is shaping up to be an exciting year with significant sales completing within the first month, a host of excellent properties being introduced to market, and the launch of new developments on the horizon.

“We hope to continue the growth of our specialist services across Northumberland over the coming 12 months, including our expanding property management portfolio as well building in the success of our residential and commercial agency. We look forward to continuing our work with both businesses and home owners and welcome the opportunity to discuss the market and how we can help with any property needs.”

By Mark Adair – Correspondent, Bdaily

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