Based on the advertised rental prices for properties to rent by Your Move Durham in the last 12 months from today's date.
Why move to Durham?
Durham is a beautiful cathedral city steeped in tradition and history.
It boasts a university that is in the worlds top 100 as well as Durham Cathedral, with its Romanesque architecture, stained glass and shrines to St Cuthbert and St Bede, it is still a place of pilgrimage a thousand years on. This historic city is also home to Durham Castle, originally built in the 11th Century under William the Conqueror.
Durham attracts visitors from all over the world encouraging them to come and see the various sights and sounds on offer. Regular events include book festivals, The Lumiere, International brass band festival, the Durham Regatta, International Cricket with England and a Christmas Festival. To add to all this, the Gala Theatre have a full programme all year round.
The Durham Dales, incorporating Teesdale and Weardale is a peaceful and tranquil landscape of moors and hills, valleys and meandering rivers, dotted with picturesque villages and market towns. Part of the North Pennines Area of Outstanding Natural Beauty the Durham Dales truly is a special place. The transport structure includes a main line link with all major cities and Newcastle International Airport is close-by.
The local market
The centre of the city with its cobbled streets and traditional Victorian houses are always in demand, either as family homes or, alternatively as many have been converted into student accommodation to satisfy the demands of a growing university. These houses have held their value over the last few years and remain highly sought after. In the outlying villages there is plenty of choice and prices remain competitive. The overall growth of house prices has stabilised and was marginally up over the last few months which would suggest that buying now could just be the right time.
There is a complete mix of residents ranging from the transient students who may only be around for a few years to those who have lived and worked in the area all of their lives. Durham is particularly well placed for the A1 motorway network. This means that commuting to work is a real option and the main line rail link with London, Birmingham and Edinburgh has also added to the amount of professionals that are attracted to the city. Many who arrive in Durham on a what was originally a short term basis decide to stay.
History and sport
History and sport are what the city is known for. In addition to the obvious form a history point of view there is the Durham Light Infantry Museum. Sport is focused around Rowing and the Emirates International Durham County Cricket Ground is right on the doorstep. Durham University has also seen many famous faces pass through its doors: namely George Aligiah, TV broadcaster; Kate Adie, TV journalist; Jonathan Edwards, triple jumper; Nasser Hussein, cricketer; Late Mo Mowlem, MP and Government Minister; Minette Walters, mystery novelist; Jeremy Vine, TV broadcaster; Tim Smit, Eden Project & Lost Gardens of Heligan; David Shuckman, TV Journalist. Famous writer Bill Bryson was Durham university's 11th Chancellor and formal head of the University, from April 2005 to 31st December 2011, following in the footsteps of actor Sir Peter Ustinov, and ballerina Dame Margot Fonteyn.
Outside of the city centre you will find a mix of traditional terraced housing that at one point in time were linked into the mining industry, but over the years more modern developers have changed the landscape. Some of the major developers have brought their popular designs and made modern estates of affordable housing. This has been interspersed with more bespoke developers who have carved out a more of a niche market in terms of design and atmosphere. There is not an abundance of flats and apartments and the majority of property that is available is freehold
Your Move in Durham has one of the largest selections of property presently available starting from as little as £40,000 up to over £1m. The popular areas of the city are close to the cobbled streets and include Potters Bank and areas around Nevilles Cross; these are likely to be around the upper end of the price range. Some of the popular villages close to the centre include Shincliffe and prices here are again towards the upper end. The areas to the east such as Carville, Belmont and Gilesgate Moor remain popular as do areas to tthe west such as Newton Hall, Framwellgate Moor and Pity Me. Therse areas offer extensive shopping, schooling of all grades health and sports facilities. The average price of a 3 bedroom semi detached house and garage in these areas is around £150,000.
Among many popular areas Potters Bank and the cobbled roads leading off towards the Cathedral remain in high demand and it is argued that if it is a village life that is preferred then Shincliffe has a lot to offer.
Outside the student market there is a ready demand for rented accommodation with the average rental level being around £500 per month. For the larger more bespoke properties you could pay between £1,200 and £2,000 a month. With large employers such as the university, a university hospital, the passport office, the land registry etc there is always a steady stream of families coming and going
Restaurants & shopping
There is a mix of shopping in the centre with the high street chains such as Marks & Spencer, Next and Tesco rubbing shoulders with more traditional and bespoke shops. A visit to Durham is certain to tempt your taste buds, and you'll be spoilt for choice when it comes to places to eat across the county.
Whether it's dining out at a delicious restaurant, calling into a cosy pub for a hearty lunch, or relaxing in a quaint cafe or tearoom, it's all on the menu in Durham. Indulge in afternoon tea in a range of unique settings, or find local produce at farm shops and regular farmers' markets.
Durham may be the home of mustard, invented by Mrs Clements and first ground at a mill in Saddler Street in the city in the 18th Century, but it's also the home of great food and great service. Look out for the Taste Durham awards mark – a sign of great food and service proudly displayed at more than 60 businesses across the county.