Sheringham has been popular with tourists and dwellers alike. This sleepy seaside town wasn’t prominent on the UK property radar until now. In fact, it wasn’t even recognised.
However, second-homers from the crowded London are now eyeing this location on the Norfolk coast for a quieter dwelling. Further, it has also attracted families, especially with kids, and adventure fanatics to enjoy its beachside charm.
Here’s more surprise: The beach of the town has stayed virgin over the time.
Let’s take a look at how the property market of Sheringham is doing:
- Property Price
Detached properties are selling like hot cakes, owing to the ‘weekend holidaying’ mentality of the Londoners. The average price for such realty is presently £326,519. Flats, too, are no way behind. They are selling for an average price of £171,116. A terraced property in the town would fetch £229,506 on an average.
- Relative affordability
The overall average price in the town is £252,852. This is comparable with the house prices in the neighbouring Weybourne, Cromer, and West Runton. In Weybourne, the average price is £249,389, which is almost same as that in the town.
Meanwhile, the average price is more expensive than that in Cromer, where it is £196,014 and cheaper than in West Runton, where it is £296,282. Still and all, Sheringham is preferred to this location because of its seaside serenity.
Thus, compared to the other areas, this town still holds properties that are affordable in terms of livability. The prices are absolutely budget friendly.
- Rising Price Trends
Because the destination is being thronged more and more, the property prices have naturally gone up. In the year 2010, the average value was £221,100. It went up by a whopping 14% in the year 2014. Also, in the year 2015, there was a further rise of 12%. Towards the end of this year, the town is believed to become a mainstream hub for property seeking, buying, and letting.
Added to the trends, estate agents in Sheringham speak about the other alluring factors:
- The town is well connected with Norwich, which further makes it more attractive for dwelling.
- It holds the reputation for a gentle pace of living.
- The property range is wide and covers bungalows and modern houses.
- The town also holds a rich heritage of fishing, which invites residents to gather and indulge in celebrations annually.
- Independent retailers are in plenty here and so are supermarkets, eateries, and high street favourites.
- Estate agents in Sheringham say families approach the town for living due to its well-supported educational institutions, health facilities, and sports amenities.
- The Sheringham Little Theatre adds to the glory of the town, inviting art lovers.
- Last, but not the least, the location owes its immense popularity to its beach. A walk along the cliffs, an evening by the seaside on a bench, the roaring waves, children building sandcastles, surfers frolicking in the waters – all this is more than enough to urge people to set up their abodes here, even if temporarily.
Is it a good time to buy a property here?
Yes, of course! We never knew of a time that was better. Sheringham will not disappoint you. Not with its sand, sun, and sea. So, invest in a property here and stay blessed forever.
Property Services | Estate Agents 