New figures from the estate agents at Purplebricks show that the average house price in North Tyneside is now a whopping £205,879. That’s almost double what it was 20 years ago! Back in 2004, the average house price was a much more manageable £103,732.

The good news doesn’t stop there. If you’re lucky enough to own a detached house in North Tyneside, your home has gone up in value by a staggering 104.9% since 2004. That means a house that cost £185,096 in 2004 is now worth a cool £379,268!

Semi-detached homes haven’t done too badly either, with prices rising by 105.5% over the last 20 years. Even terraced houses have seen a huge increase, with prices jumping by 109.6%.

Flats Still a Good Investment

Even flats have performed well, with average prices rising by 66.3% over the last 20 years. That means if you bought a flat for £72,271 in 2004, it’s now worth around £120,192.

Good News for Homeowners

Purplebricks CEO, Sam Mitchell, says homeowners should be happy with the money their homes have made them over the past 20 years. He calls bricks and mortar “one of the safest and most secure investments in Britain.”

Mitchell adds that even though London homeowners have seen some of the biggest gains, it’s encouraging to see that people all over the UK are seeing their home values increase over time.