Autumn Housing Market Report: East of England - Autumn Housing Market Report: East of England
Ask the agent August 31, 2021
     

Autumn Housing Market Report: East of England

Busiest Market in a Decade

Key Statistics

In the East of England, the average price of property is £1,043,648, which represents a 12.82 percent annual change in price. The premium price threshold in the East of England is £771,000, which means that the top five percent of sales in the region were above this figure. Over the last 12 months, the average price per square foot has been around £488. The total value of sales over the past year has been £4.51 billion, with 1,698 sales at or over £1 million.

 

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The East of England Premium Market

Prime property price growth in the East of England is 12.8 percent stronger than the average across England and Wales. The average sales prices command over £1 million in Watford and Cambridge.

The highest price increases in the East are in Watford, Colchester, Ipswich and King's Lynn, all with an increase of 17 percent.

 

Click here to read the full F&C Autumn Housing Market Report: East of England

 

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Simon Pelling, Partner of Fine & Country Mid Essex comments on the region:

"Premium property in Central-and-Mid-Essex continues to perform well, with increased demand from buyers now looking a little further afield as a result of changes in working practices following the pandemic.

"We are seeing demand for large homes with a home office, annexe or separate working area being particularly popular.

"Our buyer profile has also hanged; the demographic is now a younger professional buyer making a first, second or third move to one of our region's premium homes. Where pre-pandemic, we were seeing it typically being buyers in their late 40s and 50s that fulfilled our sellers' demands. The result in the younger buyer means homes designed and furnished/decorated to a style and taste to support a younger audience are proving popular.

"Supply of quality property remains tight, with prices holding firm. It continues to be a seller’s market, which we envisage continuing at least into 2022."

 

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Properties for sale in the East of England region

Great Gransden, Cambridgeshire, 4 Bedrooms

17th century Old School House in Cambridgeshire village fine and country

Great Gransden is one of the most sought-after villages in the South Cambridgeshire area, and this charming property sits in an enviable position at the heart of the village. The Old School House, as the name suggests, is just a stone's throw from the outstanding Ofsted rated Barnabas Oley primary school and is a 17th-century house with a Victorian addition to create a unique, four bedroom family home.

 

Kelvedon, Essex, 5 Bedrooms

Edwardian family manor house in Essex dream home

Farm Hill House is an outstanding Edwardian family home, which sits prominently within its own grounds of around 3.5 acres with a swimming pool, a tennis court and landscaped gardens designed by an award-winning designer. The residence has been meticulously renovated to an exceptional standard throughout, with accommodation extending to about 8,000 sq. ft.

 

Little Waldingfield, Suffolk, 25 Bedrooms

Brookwood Manor amazing dream house

Brookwood Manor is a unique Tudor detached property that offers a wealth of potential either as a commercial venture or a private residential home with over 11,000 square feet of accommodation and approximately 3 acres of grounds. The manor is close to Great Waldingfield, which is a popular, thriving village midway between the market town of Sudbury and the historic medieval village of Lavenham.

 

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Looking to sell your home with experts in premium property? Get in touch with your local Fine & Country agent today.

 

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