This months featured area
Once again welcome to the Villabela Properties Property Blog, the place where North Tyneside and Newcastle upon Tyne landlords, landladies and homeowners can find
useful information, advice, insights, resources and inspiration for owning, renting out, buying, sourcing and refurbishing property in the area.
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Our featured area is our hometown of Wallsend in North Tyneside, Newcastle Upon Tyne
a great place to invest
Wallsend in North Tyneside is an area steeped in rich culture and history (the Wallsend Metro Station has signs in both English and Latin as a nod to it’s Roman heritage) and, we believe, is a great area to invest in. Why is this?
Rising house prices
Firstly, house prices are rising. During the last year, sold prices in Wallsend were 7% up on the previous year and 8% up on 2007 when the average house price was £115,652.
While the majority of properties sold in the area last year were semi-detatched, Wallsend, has an overall average price of £124,795. This is similar in terms of sold prices to nearby Hebburn (£130,645), but was cheaper than Forest Hall (£185,121) and Shiremoor (£154,519).
Secondly, Wallsend is undergoing huge regeneration.
The area – which is located on the banks of the river Tyne, built at the North Eastern end of Emperor Hadrian’s Roman Wall – was previously known for its shipbuilding and coal mining industries.
In recent years, it has been enjoying ongoing regeneration with:
- the Swan Enterprise Zone and Business Park being built on the site of old dockyards;
- the demolition of the old shopping centre at Battle Hill in Wallsend and the building of a brand new one on the opposite side of Battle Hill Drive;
- the building of a second Tyne road tunnel and the refurbishment of the Tyne pedestrian tunnel in Willington Quay also reflect the significant amount of money being spent on Wallsend’s redevelopment.
Thirdly, Wallsend is a great place to live with lots to see and do – whether you are moving there yourself or looking to invest.
Money is being invested in outside areas (£7m has recently been spent on restoration of local parks, including Richardson Dees Park) and you can take the plunge at the recently built multi-million pound swimming pool attached to Burnside Enterprise College.
As we mentioned before, Wallsend was occupied by the Romans for around 330 years from A.D. 81 to A.D. 410. Today tourists and residents can visit The Segedunum Roman Fort, Baths and Museum which itself has just secured funding of £500k to improve the Museum and facilities.
Wallsend offers great opportunities for both homebuyers and investors, so for details of exciting opportunities in Wallsend, North Tyneside, Newcastle Upon Tyne & how we may assist please contact us today.
Thanks for dropping by
Gary Abela - Author of Blog at Villabela Properties Ltd
Wallsend - North Tyneside - Newcastle Upon Tyne. – 01912621260 - 07958258914
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