Property Market Update Darlington

Darlington continues to outperform the national market for sales.  Over the last 12 months, prices have increased by 3.4% vs the national average of 2%.

As you can see below the hottest areas are in DL1, sales prices are up 6% over the last 12 months, sellers are seeing a pretty buoyant market.

The biggest driver of growth in Darlington, though, is the rental market. It's up 10.5% over the past year vs. 5.8% nationally. Areas in DL1 are growing by as much as 15%, and we can see that with properties we've recently rented.

DL1 - HOT! HOT! HOT!

Eastbourne Road, DL1: This 3-bedroom terraced house, previously rented at £575pcm, saw an impressive rise to £730pcm in 2023.

Hammond Drive, DL1: This 3-bedroom terraced house, previously rented at £570pcm, increased to £625pcm in 2023.

Helmsley Moor Way, DL1: This 3-bedroom semi-detached house, previously rented at £570pcm in 2021, now achieves £710pcm in 2024.

Property values in the area range from £95k for 2-3 bedroom homes and present an excellent investment opportunity with consistent 9% rental yields.

DL3

Has also seen impressive rental growth.

Thompson Street West, DL3: This is a three bedroom semi-detached house, previously rented for £595pcm in 2021 and now in 2024, it rents for £725pcm showing the remarkable rent growth.

Craig Street, DL3: This 2-bedroom terraced house, previously rented at £550pcm, now achieves £695pcm in 2024.

Westerdale Court, DL3: This 2-bedroom terraced house, previously rented at £485pcm in 2021, now achieves £675pcm in 2024, marking a strong increase in rental value.

Property values in the area range from £100k for 2-3 bedroom homes, it presents an excellent investment opportunity with consistent 9% rental yields