Over 10,000 streets in Britain now have an average property price of more than £1 million. Research by property website Zoopla revealed that just one third of these streets are based in London. The North East’s top three most pricey streets are Gubeon Wood in Morpeth, Beechfield Road, Gosforth and Corbridge’s Newcastle Road. www.zoopla.co.uk
Phase one construction of 50 cottages at Burgham Park Golf Club is well underway. Northumbrian Hills sit between Morpeth and Alnwick with work beginning in July. The roads to the site are now in place with foundations for the first eight cottages also laid. All eight of these three bedroom, two-storey cottages measure 107 square metres, and come with a balcony as standard, with each having already been snapped up for £235,000 each. They’ll be ready by early February with the remaining cottages being built as contracts are exchanged. Once complete, phase two of the development commences. This will see a luxury pavilion erected, housing a fine dining restaurant, bar, function room and leisure centre with the final phase seeing a world-class golf academy being built. www.northumbrianhills.com
Research by natural energy company Euroheat has shown that investing in a biomass boiler gives a guaranteed return 22 times greater than the average savings account. They’re not cheap to install (£35,000) but a Government incentive scheme that encourages homeowners to use renewable energy to heat their homes could entitle you to a tax free income of as much as £57,645. Plus you can expect your heating bills to drop by up to 60 percent. For details call 01885 491100 or visit www.euroheat.co.uk
There has been so much demand for information about the new Kingsbrook Wood development in Teesside that Story Homes have drafted in an expert adviser to help. Over 100 people recently attended an exclusive launch for the prestigious development that will see 126 three and four bedroom houses built at Stainsby Hall Farm, near Acklam. To help meet the demand, Anne Ambler has joined the Story Homes team as a sales adviser for the site. She brings with her 22 years of industry experience. Call her directly on 07814 286048 and visit www.storyhomes.co.uk to see why Kingsbrook Wood is attracting so much attention.
Work is underway on a £500,000 development that will introduce four new affordable houses to Northumberland. Wydon Park in Hexham is being built on the site of a children’s playground that is being relocated and improved as part of the work. Each home will have front and back gardens, off road parking, with each available for affordable rent via Northumberland Council. www.isoshousing.co.uk
It’s almost a year since Gentoo purchased the highly sought after piece of land in Cleadon that was once occupied by Oakleigh Gardens School. With phase one and two complete, a selection of 13 homes have been released for sale. These luxury four and five bedroom homes each feature substantial gardens and exclusive specifications complete with integrated appliances. Prices start at £350,000.www.hawksleyrisecleadon.co.uk
On the outskirts of Durham City work has begun on Mount Oswald, a collection of elegant four and five-bedroom detached houses, set in beautiful parkland. This exclusive development of 60 properties by David Wilson Homes feature contemporary layouts and generous space. Their stylish open-plan dining kitchens are designed to be the heart of the home, equally modern are the building methods and materials being used. These properties are eco-friendly and will be up to four times more energy efficient than older builds, which means smaller energy bills. Located on South Road, Durham’s historic centre is within easy reach and there has already been big interest ahead of show home openings in the New Year. www.dwh.co.uk/mountoswald
Online estate agent eMoov.co.uk calculated that the average house price in 2048, when a child born in 2014 will reach the typical age for a first-time buyer, will be just under £3.4 million. That means they’ll be looking at a deposit of £678,000.
With property prices at an all time high, more than half of 18-34 year olds fear they will stay trapped in generation rent. Andrew Boast has an alternative, he’s co-founded shareamortgage.com. It’s like online dating except members buy property instead of going on dates. ‘Look at sharing a mortgage in the same way as a business relationship,’ says Andrew. ‘You decide how the business is going to run and agree a clear exit point when you are going to sell. Usually most mortgage buddies will move on after a few years using any increase in property value to buy a place of their own.’ www.shareamortgage.com