2 Bedroom Middlesbrough or 2 Bedroom Dagenham.

February 15, 2016

There has always been a North and South divide and this is of course not just in terms of football… House prices have also been very wide apart, though with increasing prices in London this is surely at a level which was never the case before?

Of course, if we compare a detached residential property in Mayfair with a one bedroom flat in an ex mining village in Wales, then we will see a difference in figures that a pocket calculator would not hold… But I have picked two property on Rightmove, one North and the other South, very similar in location ie a major town, same sized and similar style of property and neighbourhood. Both nice property and ideal for first time buyers, young family or for retired couples etc.

Comparing both with a 15 year mortgage, first we have this two bedroom terraced in South Bank, Middlesbrough coming in at £17,500. A monthly repayment of £118 and a deposit of 10%, ie £1,7500.

or 16 times more expensive price and 16 times more expensive in monthly mortgage payments in a similar location, ie prominently ex-council property estate is this:

Both are close to major towns, though of course the property in Dagenham is close to London which is the Holy Grail it would appear for everyone… But the property in South Bank is still only 2.5 miles from a major town, Middlesbrough, has the same local amenities, though of course employment situation may be slightly different both in availability of work and average salary. If you have a business online though, and you are not precious on living near to London, the divide in prices in immense.

We have not looked at prices in between though which at some point will meet in the middle, not sure how far North / South you’ll be required to travel to get that ‘middle price’.

Land Registry, House Price Index 29th January 2016 report.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Estate Agent Talk

Dolphin v Beauchamp Estates v Hudsons – Elite Apartment Rental Options in London SW1

London has long been known as a potpourri of diverse cultures, lending it a whimsical charm while being a major global hub. Renowned for its juxtaposition between modernity and royal heritage, it’s a unique blend of ancient landmarks and contemporary living. You’ll find avant-garde architecture sitting comfortably alongside historic streets and vibrant neighbourhoods. While the…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Stay secure this Christmas: Home security tips for high-value homes

High value home insurance specialists, Stanhope, are warning homeowners to be especially careful this Christmas. “It’s a busy time for everyone, including burglars,” says Director, Matthew Ashton, who highlights why high value homes are particularly vulnerable and what to do about it. “High value homes are easy to identify thanks to tell-tale signs of wealth…
Read More →
Letting Agent Talk

Six months on: How the new anti money laundering regulations are reshaping the lettings market

Six months have passed since the anti-money laundering (AML) rules came into effect, bringing mandatory financial sanctions checks into every area of the lettings market. When the changes were first introduced, many landlords were surprised by the breadth and immediacy of the requirements. Half a year on, the sector is now seeing how the industry…
Read More →
Breaking News

Private rent and house prices, UK: December 2025

Main Points Average UK monthly private rents increased by 4.4%, to £1,366, in the 12 months to November 2025 (provisional estimate); this annual growth rate is down from 5.0% in the 12 months to October 2025. Average rents increased to £1,422 (4.4%) in England, £820 (6.1%) in Wales, and £1,012 (3.3%) in Scotland, in the…
Read More →
Breaking News

Breaking Property News 17/12/25

Daily bite-sized proptech and property news in partnership with Proptech-X. How to get Proptechs from MVP to EXIT Reporter Zara S. Proptech has spent years trying to prove its relevance to the property industry. New platforms appear daily, capital flows in cycles, and “disruption” is promised more often than it is delivered. What is far less…
Read More →
Estate Agent Talk

Why Real Estate Pros Should Care About the RoHS Directive in Smart Home Tech

Some of the tasks that real estate pros perform nowadays include negotiating and posting, and checking houses on property listings. You also have to deal with buyers who expect “smart-everything,” landlords who want long-term reliability, and tenants who care about safety and sustainability. In the middle of these expectations, there’s rohs directive. Why should you…
Read More →