Tynemouth is now the most expensive place to rent outside of Newcastle city centre, new monthly figures have revealed.
The popular village tops a Metro-themed list of the average rental charge for properties near a station.
A Tyne and Wear ‘Rent Map’ from property firm KIS shows Tynemouth has moved up one spot with an average rental charge of £830 a month for a two-bedroom property within a quarter of a mile of the station.
And Whitley Bay makes the top five for the first time at an average of £675 a month.
The map shows that moving just one stop, from Tynemouth to North Shields, could save people £350 a month while they could save £292 by moving from Tynemouth to Cullercoats.
Ajay Jagota, managing director of KIS, said: “This month’s figures show too that you don’t need to move to a different area to see a striking variation in rent costs.”
“With analysis as geographically focused as ours you are bound to see fluctuations in prices from month to month as just one uncharacteristically expensive or cheap property coming on to the market can skew the prices for the entire area.
“Nonetheless we’re constantly reviewing our methodology and hope as this project develops we’re going to produce some really valuable data for property renters and property investors alike.”