The Transforming Old Industrial City
Discover Sunderland's Real Estate
Sitting on England's northeastern coastline, Sunderland provides a scenic view of the blue sea. With its blend of history, culture, and metropolitan lifestyle, the city is quite enticing to residents, tourists, and investors alike.
Culture, History, and Business
Sunderland is a famous city located on the northeastern shoreline of England. This city has its roots that date back to the 7th century. It grew as the years passed by and became a very popular port on the eastern coastline of the United Kingdom. The shipping and trading industry thrived, and the main trading involved salt and coal. By the 14th century, ships were built here, and by the 19th century, it became a shipbuilding dock of the country. The traditional industries started to see a meltdown in the late 20th century, and the Sunderland area turned into a commercial hub for the service, science and technology, and the automotive sectors.
Despite being a city known for its industries, Sunderland is now developing into a cosmopolitan city. There has been huge funding provided to the city in the arts and culture department over the past few years. There are a lot of cultural activities to enjoy in this port city. Apart from the cultural setup, Sunderland also has the best shopping centers, great food, and drink, plenty of schools, etc. to offer everything that a resident is looking for.
Real Estate Appeal
The low housing costs are a big encouragement for everyone looking to settle down in a UK city. The average rent of a house is at £6,828 a year, and the real estate price is £121,822. So, anyone looking to move to Sunderland for better job prospects or affordable cost of living should not hesitate. The first-time home buyers and people looking to buy family houses always prefer Sunderland as their first option because of its affordable cost of living. It is also a city by the sea that has some attractive beaches, lots of green spaces, and a coastline.
According to Zoopla, the average price of a real estate in Sunderland for October 2019 is £146,839. There has been an increase in the price of the property by 0.45% in the last 12 months and an increase of 1.05% since July 2019. There has been a sale of 1398 properties in the last 12 months, and 169 houses have been sold from July to October 2019.
As an investor, Sunderland is one of the cities you would love to invest in. Read our subsequent articles to find more details about the reasons to invest as well as the best neighborhoods in Sunderland.
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