Historically one of the major economic powerhouses of Northern England, the commercial success of Sunderland has been intrinsically linked with both the manufacturing and automotive industries for many years.
In recent years however, the city has benefitted hugely from the UK Governments 369 Strategic Investment initiative, which has spearheaded a £1bn investment into the city's infrastructure and industrial assets. As a result of this, Sunderland is today a thriving and vibrant destination of choice for many young professionals and students seeking to live in the North East of England.
Average property prices in Sunderland were approximately £148,500 in March 2021, reflecting a slight reduction on the previous year, primarily due to the wider effects of the pandemic. However, as with many of the larger Northern cities, property prices in Sunderland are expected to recover relatively quickly over the course of the next 12 months, as the market demand gradually returns to the seasonal averages. Apartments in Sunderland average approximately £96,000, and terraced houses average approximately £145,500.
Many of our investment properties in Sunderland are focused around the hugely popular Millfield district of the city centre. Millfield offers easy and convenient access to both the main Sunderland Hospital and University of Sunderland, who are both amongst the city's largest employers, driving considerable rental demand in the local area.
Historically, rental yields in Sunderland have proven robust, and yields currently average in excess of 7% for properties in the city centre region.
A modern and thriving city, Sunderland offers residents an array of local amenities in keeping with many of the leading UK destinations.
From bustling shopping centres through to world class stadiums and arenas, modern day Sunderland has a wide portfolio of amenities to offer residents young and old.
Transport links throughout Sunderland also offer quick and convenient access to the other North Eastern cities including Newcastle and Middlesborough.
|1||£52,000 (1)||£90,667 (3)||£109,250 (2)||N/A|
|2||£73,222 (9)||£79,144 (65)||£106,394 (54)||£125,000 (1)|
|3||N/A||£115,739 (71)||£130,379 (62)||£174,813 (8)|
|4||N/A||£135,382 (11)||£167,600 (15)||£266,050 (10)|
|5||£130,000 (1)||£143,000 (2)||£215,000 (2)||N/A|
|1||£415 (11)||£326 (6)||£477 (1)||£349 (2)|
|2||£445 (6)||£524 (3)||£530 (8)||£472 (9)|
|3||N/A||£599 (9)||£581 (6)||£525 (5)|
|4||£932 (2)||£955 (2)||£750 (1)||N/A|
Property statistics provided by PropertyData.
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