Key indicators for buyers
The TD5 market is moderately favourable for buyers. Prices are rising at 302.8%, which may favour acting sooner rather than later. Affordability has improved from a peak of 7.0x in 2021 to 5.7x today. Rising rents (£662/mo, +4.9%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in TD5 sold for £145,000 in 2021, with a median of £145,000 across 1 transactions. Prices rose 302.8% compared to the previous year.
2021averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Northumberland area
A home in Northumberland costs 5.7x the local median salary — moderate, improving from a peak of 7.0x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Northumberland area
Average monthly rent in Northumberland is £662, up 4.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Northumberland price of £145,000 with a 25% deposit (£36k), a 2-year fixed mortgage at 3.97% costs around £572 per month.
Monthly cost comparison based on current data
Uses TD5 avg. price with Northumberland rental data
Monthly mortgage payments (£572) are £90 less than renting (£662). However, buying requires an upfront deposit of £36k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
SMIDDY COTTAGE, 4, PRESSEN HILL FARM COTTAGES TD5 8AR | Detached | £145,000 | 19 Mar 2021 |
SMIDDY COTTAGE, PRESSENHILL TD5 8BW | Detached | £36,000 | 3 Dec 1999 |
The most recent recorded sale in TD5 was a detached property on Pressen Hill Farm Cottages for £145,000 in March 2021. Across the last 2 sales, the median price was £145,000.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.