This is a region with a lot to offer those wanting to invest in buy-to-let and Hunters have plenty of Letting Agents in East Anglia, which encompasses the coastal counties of Norfolk, Suffolk, Essex and Cambridge, and is a real attraction for people wanting days out, short breaks and holidays all year round.
The population of East Anglia currently stands at almost six million based on the last OCSI census in 2011 (5.847 million).
With a rich variety of countryside including such places of natural beauty as the Norfolk Broads, the Brecks and Thetford Forest, and Constable Country, it is easy to see why people want to live and work in the region’s pretty market towns and villages. When you add 500 miles of coast with sandy beaches, fantastic cliffs, creeks and saltmarsh to the mix, it all adds up to a place where people can live well and find space and peace from the hustle and bustle of inner city life.
If all that seems a little too sedentary, remember that this region is jam packed with heritage and historical sights. It is an area rich in arts, culture and festivals; from the Norfolk & Norwich Festival, Britain's first arts festival which first began almost 250 years ago, to King’s Lynn Festival, Great Yarmouth’s Maritime Festival and Out There, an energetic weekend of performing arts and circus skills. East Anglia also boasts of a huge range of country houses, stately homes, historical sites such as castles and cathedrals, zoos, gardening centres and museums.
The main industries are agriculture and tourism and this means seasonal work. According to Office of National Statistics (ONS) findings for December 2016, East Anglia still has one of the lowest levels of unemployment in the UK, and is currently enjoying a 10 year low. This is clearly reflected in the local housing market
Since 2014, when the average house price was £261,360, prices rose by 18% to 2015 and then another 7% to 2016. The overall average price in the region currently stands at £309,055 which is more expensive than some nearby regions such as Manningtree (£278,416) but cheaper than Dunmow (£364,052)
According to the Land Registry (March 2017), most property sales in region during 2016 involved terraced properties and the average sale price for these was £266,471. Detached properties for sale in East Anglia fetched an average price of £428,655 while semi detached houses for sale attracted an average £302,123.
If you are thinking of investing in the region you can easily find one of Hunters’ Letting Agents in East Anglia using our Find Your Nearest Branch facility.
What if you have already spotted a property you are interested in buying to live in or buying to let, or if you are thinking of selling? There are many tools you can use to find the value of a property from booking a valuation to using a house price calculator.
Hunters offer an instant service for getting a house price estimate. Whether you are interested in buying a property or thinking of selling your home, we can provide you with a Free Valuation Report worth £19.95 which will give you a rough guide to property value.