Posted on: Thursday, February 25, 2021
Average annual price growth in the North East (8.3%) and in Yorkshire and the Humber (9.7%) is higher than the UK average. In eleven areas the annual rate of price growth currently exceeds 7.5%.
Although Rightmove report that average asking prices fell by 2.2% month on month in each region in January, properties are selling more quickly than a year ago.
Average property prices in the North East and Yorkshire and the Humber are more expensive than a year ago and activity across the market is robust. On average 3.5% of private properties are sold each year, with turnover in Selby more than 4%. Over 12,300 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.
First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.
This beautifully presented, stone-built family home has accommodation set over three floors, with two reception rooms, a breakfast-kitchen, three bedrooms, a bathroom and a WC. Close to the centre of a highly sought-after village, this charming home also benefits from a lawned front garden and rear courtyard.
Originally two cottages, this detached period stone cottage has been skilfully converted and extended to provide a spacious five-bedroom family home with an open-plan kitchen and diner and two generous reception rooms with charm and character throughout. The home further benefits from a single garage and south-facing gardens.
This well-presented country cottage is situated in the popular village of Seaton Ross and features four double bedrooms including one with an en suite, four reception rooms and a breakfast-kitchen. The property offers a myriad of character features such as beamed ceilings, slate floors and exposed brickwork. To the front there is ample parking and access to a beautiful garden.
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We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.