I've been keeping an eye on the County Durham market and the latest figures are worth sharing - whether you've already got a rental in the area or you're considering adding one to your portfolio.
📊 The numbers
• Average house price: ~£137,000 vs UK average of ~£268,000
• Average rent: ~£632 pcm - up 6.5% in the last year
• House price growth: 3.0% year-on-year
That's nearly £130,000 below the UK average on purchase price, with rents continuing to push upward. For landlords who know the area, the entry point here remains one of the most accessible in the country.
🏠 What you can buy
• Terraced: ~£100,000
• Semi-detached: ~£140,000
• Detached: ~£230,000
• Flats: ~£75,000
💷 What you can charge
• 1-bed: ~£500 pcm
• 2-bed: ~£620 pcm
• 3-bed: ~£730 pcm
• 4-bed+: ~£900 pcm
📊 Rental demand
Demand across County Durham is steady and underpinned by a broad tenant base. The county is large and varied - from the former mining towns in the north and west to the cathedral city of Durham itself - and the rental market reflects that.
Two and three-bed terraced properties make up the bulk of rental stock and tend to let consistently. Durham City commands a premium, particularly around the university, while areas like Stanley, Consett and Bishop Auckland offer stronger gross yields for landlords focused on return over capital growth.
One thing worth flagging though - low purchase prices don't automatically mean the numbers stack up. Maintenance costs on older stock can be higher than expected, and void periods vary significantly between locations. EPC requirements are also something any landlord buying now needs to factor in early rather than late.
The landlords doing well in County Durham are the ones who are selective - choosing the right area, the right property type, and making sure their rents are keeping pace with a market that has moved meaningfully in the last couple of years.
If you'd like to check whether your current rent is still where it should be, or talk through a potential purchase, just reply and I'll be happy to go through it with you.
Recent properties we’ve marketed include:
3 Bed Semi-Detached House for sale in Lilac Place, Consett
Marketed £90,000
3 Bed Semi-Detached House for sale in Tate Avenue, Kelloe
Marketed £99,950
3 Bed Terraced House for sale in Cravens Cottages, Station Town, Wingate
Marketed £35,000


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