•   
  •   

UK News Darlington is cheapest for homes, London's Kensington most expensive

11:20  22 october  2021
11:20  22 october  2021 Source:   dailymail.co.uk

William interviewed about climate change for BBC Newscast

  William interviewed about climate change for BBC Newscast The duke will talk about environmental issues ahead of his inaugural Earthshot Prize awards ceremony.William was pictured being interviewed by Newscast’s Adam Fleming at Kensington Palace, in the run up to the inaugural Earthshot Prize award ceremony this Sunday.

MailOnline logo © Provided by This Is Money MailOnline logo

We all know about the North-South divide. We all know about the Prime Minister’s attempt at ‘levelling up’. We all know about the crumbling Red Wall.

But when it comes to property, the facts of the matter tell their own story. According to Churchill Home Insurance, Darlington in County Durham is the cheapest place to buy a property in the country, at just £58 per square foot.

Which is staggering when you compare it to the most expensive — Kensington in central London, where the average price per square foot stands at £1,721.

Imposing: The Clock Tower in Darlington, County Durham - the cheapest place to buy a property in the country, at just £58 per square foot © Provided by This Is Money Imposing: The Clock Tower in Darlington, County Durham - the cheapest place to buy a property in the country, at just £58 per square foot

Music giants Robbie Williams and Eric Clapton have homes in this exclusive royal borough home, as do entrepreneurs Sir Richard Branson and Sir James Dyson.

Natural wonders: Europe's most beautiful waterfalls

  Natural wonders: Europe's most beautiful waterfalls There’s something arrestingly beautiful about waterfalls. Whether it’s for their immense power, their majestic size, or the stunning landscapes they’re found in, they have long inspired us. And when it comes to Europe, there’s no shortage of fabulous falls. From mighty Nordic torrents to glistening Mediterranean flumes, here are the most impressive of them all.

But here’s the twist: anyone looking to take advantage of Darlington’s prices might have to move fast because there are plans to turn this market town into the hottest property in the north.

Chancellor Rishi Sunak is opening up a smart new division of the Treasury there over the next five years, moving about a quarter of the department.

That’s about 400 people, many of whom will be local recruits. ‘We’re giving talented people in the North-East the opportunity to work in the heart of Government, making decisions on important issues for our country,’ explains Sunak.

So what are the draws of these polar-opposite locations?

Kensington is one of the crown jewels of London neighbourhoods featuring not just top museums but also a host of chic cafes, boutique shops, and even Kensington Palace, where the Duke and Duchess of Cambridge live with their children.

Half-term hire car costs are up 60% in holiday hot spots across Europe

  Half-term hire car costs are up 60% in holiday hot spots across Europe Travellers to Europe in the coming weeks could be surprised by bumper car hire costs, research suggests. Prices are up by an average of 60 per cent to £241 this half-term compared to the October half-term in 2019, pre-pandemic.This equates to an extra £90 for a week long hire, according to data by iCarhireinsurance.com, a provider of stand-alone car hire excess insurance. © Provided by This Is Money ( Larnaca, Cyprus, is the most expensive place to hire a car this autumn, averaging almost £300 for a week's hire.

There are three Zone 1 underground stations and several independent schools, and you’re a stroll away from the West End.

Upmarket: A terrace in Kensington, London, where the average price per square foot stands at £1,721 © Provided by This Is Money Upmarket: A terrace in Kensington, London, where the average price per square foot stands at £1,721

Top restaurants include Daphne’s and Launceston Place — both favourites of the late Princess Diana — and the iconic Bibendum with two Michelin stars.

There’s no surprises when it comes to property values in this area; they’re stellar. The cheapest property in Kensington for sale on Rightmove in the middle of October was priced at £40,000 and that was just a space in a car park.

The most expensive listing, by contrast, was a seven- bedroom semi, with an eye-watering asking price of £30 million.

Of just over 510 property sales in the past year, the average price was a slightly more modest £2,169,235, according to Zoopla, but that’s after prices took a 4 per cent knock as fewer people bought in London during the pandemic.

Revealed: Britain's best and worst mortgage lenders

  Revealed: Britain's best and worst mortgage lenders Which? has revealed the results of its annual survey, which pits mortgage lenders against one another in terms of their customer service and who offers the cheapest deals.Consumer website Which? has published the results of its annual lender survey, where it asks mortgage holders to rate them on their customer service and value for money.

It’s a different story in Darlington, which has a modest average property price of £172,724, according to Zoopla.

But things are changing; there have been more than 1,600 property sales in the past 12 months and prices have gently risen 4.5 per cent. The most expensive home on sale is a four-bedroom detached house with grounds, for £700,000.

However that’s still an exception, with many more at the other end of the scale, where there are several two-bedroom terrace houses for sale at £45,000.

If you’re moving in, bone up on railway history — the world’s first steam train service began here almost 200 years ago.

Otherwise, look out for a twice-weekly street market, the revamped Hippodrome theatre and the odd tribute to comic Vic Reeves and businessman Duncan Bannatyne, both brought up in the town.

Darlington is brimming with well-preserved Victorian buildings while you can stroll in the beautiful South Park. If you’re after the best of local food, the two-Michelin starred Raby Hunt Restaurant is the place to go.

The town has the buzz of a place on the move — there are modernisations under way at both the railway station (2 ½ hours to London, 30 minutes to Newcastle) and the indoor market.

Latest Covid-19 case rates for UK local authority areas

  Latest Covid-19 case rates for UK local authority areas Bath & North East Somerset is now recording the highest rate in the country.The figures, for the seven days to October 15, are based on the number of people who have tested positive for Covid-19 in either a lab-reported or rapid lateral flow test, by specimen date.

Meanwhile, Rishi Sunak’s Treasury initiative is already putting Darlington on the map. ‘I know of several people from London who have moved here thanks to working remotely,’ says estate agent Henry Carver of Carver Residential.

On the market: North-South divide

Read more

Two bridges 'wash away' as Scottish river bursts banks .
Emergency services helped people to leave dozens of houses in a high-risk area of Hawick in the Borders after declaring 500 properties could be inundated amid heavy downpours.Emergency services helped people to leave dozens of houses in a high-risk area of Hawick in the Borders after declaring 500 properties could be inundated amid heavy downpours that also struck the Lake District.

usr: 0
This is interesting!