2025 could be a promising year in local housing market
The latest property market analysis reveals promising trends for homeowners in Northern England, with particularly encouraging figures for the North East. Recent statistics highlight our region as the frontrunner in property value growth across the United Kingdom, demonstrating the robust nature of our local housing market.
At Anthony Jones Properties, we aim to provide you with the best standard of service, with our experience speaking for itself. We have a strong track record in bringing buyers and sellers together, but we also stay in touch with the latest information and changes in the UK housing market.
According to recent data, the North East witnessed an impressive 4.7% increase in average house prices, outperforming all other regions in the country. This growth notably surpassed the national average of 3.4% (measured in the year to October 2024), whilst our neighbouring regions also performed strongly - Yorkshire and the Humber achieved 4.6%, and the North West saw a 4.4% rise.
These figures are particularly meaningful for us and the people we serve, as they reflect the growing attraction of Northern properties to buyers from across the country.
What comes next for the 2025 property market?
Looking towards the remainder of 2025, several key changes are on the horizon. Coming into effect from April, there will be modifications to property-related taxes, including an increase in the Stamp Duty Land Tax surcharge for second homes (rising to 5% from 3%) and significant changes to Council Tax for second properties.
While these adjustments might influence certain segments of the market, the overall outlook remains positive, with many property owners choosing to list their homes early in 2025.
The current market dynamics show an interesting balance between supply and demand, which has helped maintain steady price growth despite broader economic uncertainties. For Wynyard residents considering property moves, this combination of strong regional performance and evolving market conditions suggests that early 2025 could present valuable opportunities for both buying and selling.
Property Market Analysis: Wynyard Estate
The prestigious Wynyard Estate continues to maintain its position as one of the region's most sought-after residential areas, with current market data showing typical property values averaging £399,158 across all housing types during 2024.
A closer look at the market reveals that detached homes, which form the largest segment of Wynyard's property transactions, achieved average sales prices of £441,498. For those seeking more modest accommodation, semi-detached properties have been changing hands at approximately £238,667, whilst terraced homes in this desirable location averaged £226,167.
Market trends indicate some price adjustments over recent years, with values showing an 11% decrease compared to 2023 figures. When compared to the market peak of 2022, when average prices reached £422,202, current values sit approximately 5% lower.
On 1st of January 2025, Rightmove had 188 properties listed for sale in Wynyard. As stated, detached homes are the most commonly available property in the local area, and there are 153 detached homes listed for sale.
We are here to help you move in and around Wynyard
If you are looking for help with any matter of the Wynyard property market, it is best to speak to property professionals. No one knows for sure what is going to happen next, so we won’t claim to have all the answers, but the Anthony Jones team is keen to help you as best we can. If you would like to contact us over housing matters, please call us today on 01740 807107.
