Yarmouth

Area Guide For Yarmouth

Great Yarmouth, often known to locals as Yarmouth, is a coastal town in Norfolk, England. It is located at the mouth of the River Yare, 20 miles (32 km) east of Norwich. It has been a seaside resort since 1760, and is the gateway from the Norfolk Broads to the sea. For hundreds of years it was a major fishing port, depending mainly on herring fishery, but its fishing industry suffered a steep decline and has now all but disappeared. The discovery of oil in the North Sea in the 1960s led to a flourishing oil rig supply industry, and today it services offshore natural gas rigs. More recently, the development of renewable energy sources, especially offshore wind power, has created further opportunities for support services. A wind farm of 30 generators is within sight of the town on the Scroby Sands. The town has a beach and two piers. The town itself is on a thin spit sandwiched between the North Sea and River Yare. Its well known features include the historic rows (narrow streets) and the main tourist sector on the seafront. The area is linked to Gorleston, Cobholm and Southtown by Haven Bridge and to the A47, A149 and A12 by the Breydon Bridge.

 
 

Yarmouth Map

Estimated Price: £365,058
Average Asking Price: £392,829
Price change in last one year: £23,829
Average Price Paid: £327,953
Average Rent Rates: £897

 
 

Property Prices Breakdown in Yarmouth

Average Price for property in Yarmouth is around £365,058 which varies based on type of property you are interested in and ranges from £438,857 for detached house to around £289,612 for semi-detached. Similarly terraced house is around £323,373 and a flat is worth £184,027. Values have been changing and have risen £2,055 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,238 in last 6 months, £23,829 in last 1 year, £42,423 in last 2 years, £45,995 in last 3 years, £43,119 in last 4 years and £40,319 in last 5 years.

Currently average asking price of a property in Yarmouth is around £392,829 based on approximately 49 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £897 per month.

Estimated property value in Yarmouth is £365,058. Average asking price is £392,829 while average price paid is £317,259 which is up by £23,829 and Avg. asking rent £897.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Yarmouth area. In last 1 year alone average price buyer paid is around £317,259 based on approximately 49 sales in Yarmouth area alone. If you compare it to last 3 years sales of 143 properties where buyers paid around £316,572. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £327,953 for 228 and average amount paid for purchase of approx. 300 properties sold in last 7 years comes to about £319,380 per sale.

 
 

Properties For Sale in Yarmouth

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £195,817, £449,500 for a 3 bedroom house, £518,325 for a 4 bedroom house and £499,950 for a 5 bedroom house. For a flat the prices of 2 bedroom is £199,950. To sum up the asking prices for properties in Yarmouth it comes to around average £196,407 for 2 bedroom property, £449,500 for 3 bedroom, £518,325 for 4 bedroom and £499,950 for 5 bedroom.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it is £897 for 4 bedroom. You should be generally be expecting around average £897 rent per month for 4 bedroom property in Yarmouth area.

Popular Houses in Yarmouth

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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