The sun by the sea… rises! Norfolk’s Hemsby leads villages with biggest rise in property value as buyers seek coastal scenery views
- Norfolk’s Hemsby tops the list of villages with the biggest house price increases
- The average value of a home in Hemsby has increased by 22% in the past year
- Three of the top five villages with the biggest price increases are in Norfolk
The UK homebuyer village hotspots have been revealed and dominate the list of seaside locations.
The pandemic has sparked a ‘race for space’ in which people living in cities have moved to rural and coastal areas due to more flexible working practices.
They eschew crowded urban landscapes for open green spaces in the countryside and easy access to expansive sea views.
Britain’s village hotspots for homebuyers have been revealed by property website Rightmove
This four bedroom house in Hemsby is up for sale for £300,000 through Bycroftft . estate agents
Hemsby, just north of Great Yarmouth, tops Rightmove’s rankings, following the biggest rise in average home prices in the past year.
The typical value of a Norfolk village home rose 22 percent in the 12 months from June last year, from £221,533 to £270,144.
Three of the top five villages with the largest increase in house prices were in Norfolk, with Heacham and Caister-On-Sea also on the list.
Heacham saw asking prices rise 20 percent in June 2021 compared to the same period last year, while asking prices in Caister-On-Sea rose 12 percent.
Caister-On-Sea also saw one of the largest increases in village demand, with buyer demand increasing by 46 per cent in June 2021 compared to June 2020. Average asking prices in Caister-On-Sea are £240,909.
David Lowes, of estate agents Mr & Mrs Clark in Norfolk, said: ‘With a general desire to flee to the countryside, the rural county of Norfolk is in high demand.
“With 90 miles of diverse coastline, the added option of a ‘next-to-the-sea’ lifestyle, and the simple pleasure of a beautiful sunrise or sunset, the coastal villages have a special appeal.”
Heacham saw asking prices rise 20 percent in the year to June 2021, says Rightmove
This four bedroom house in Heacham is up for sale for £475,000 through estate agents in Sowerbys
He added: ‘Hemsby and Caister in the east and Heacham in the west of the county offer some of the more affordable options, driving strong percentage price growth.
“Each of these villages is also close to larger cities, which helps with the transition to the countryside in terms of availability of amenities and activities.”
Rightmove defined demand as the number of questions it had via emails and phone calls to agents through its website.
The average price increases in these villages appear to be about three times higher elsewhere. But this can be affected by villages with lower stock and fewer trades.
The average price of a home in Britain has risen by 6 percent in the past year to June, from £317,058 to £336,073, according to Rightmove.
This four bedroom house in Caister-on-sea is for sale for £400,000 through Bycroft . estate agents
Rightmove revealed that six of the top 10 villages with the largest annual price increase in June are by the sea. In all these villages, house prices rose faster than the national average.
Tim Bannister of Rightmove said: “Over the past year we’ve talked a lot about the changes we’re seeing in where people choose to live, and this data shows continued demand from buyers looking for towns and rural locations outside of the country.” traditional big cities.
“While we have seen signs that cities are starting to make a steady comeback, particularly in the rental market, price growth in all parts of the UK remains strong.
“With the summer weather finally here, we’re seeing an additional drive from buyers looking for that perfect seaside village location, supporting price growth in these areas.”