Sunderland is the second cheapest area of England in which to buy a property.
The city of Sunderland has a population of around 280,000. It is part of the Tyne & Wear region in the northeast of England. It is close to the city of Newcastle upon Tyne.
The city centre is the cheapest part of Sunderland. The average house price in Sunderland (based on the SR1 postcode) is currently just £75,082. The Sunderland SR3 postcode area is also amongst the top 15 cheapest areas of England to buy property in, with an average price of around £117,000.
Sunderland is a major commercial city which provides many jobs. It is known for the company Nissan Motor Manufacturing UK (NMUK).
Doxford International Business Park is home to a number of large businesses and around 8,000 people work there. The University of Sunderland is here, so there is also a demand for student accommodation.
According to Rightmove and Zoopla house prices in Sunderland start from as little as £32,000.
Here’s a useful article which looks at buy-to-let investment in Sunderland.