Sheringham

Area Guide For Sheringham

Sheringham is a town that has a population of 7,143; it is an English seaside town within the county of Norfolk in the United Kingdom. The motto of the town, granted in 1953 to the Sheringham Urban District Council, is Mare Ditat Pinusque Decorat, Latin for "The Sea enriches and the pine adorns".

Sheringham town focus is focused on a customary high road with an extensive variety of exclusive shops. On Saturdays during the time there is a well-known market in the auto stop beside the route station which pulls in extensive swarm’s level out of the Christmas season. The town additionally has a decent determination of master shops, for example, second-hand books, obsolescent and bric-a-brac, fishing supplies handle and draw a PC shop, a model shop, and expressions and art shops.

 
 

Sheringham Map

Estimated Price: £239,028
Average Asking Price: £303,935
Price change in last one year: £5,314
Average Price Paid: £210,205
Average Rent Rates: £653

 
 

Property Prices Breakdown in Sheringham

Average Price for property in Sheringham is around £239,028 which varies based on type of property you are interested in and ranges from £296,144 for detached house to around £209,571 for semi-detached. Similarly terraced house is around £190,245 and a flat is worth £163,470. Values have been changing and have risen £193 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,019 in last 6 months, £5,314 in last 1 year, £20,963 in last 2 years, £22,987 in last 3 years, £16,296 in last 4 years and £24,742 in last 5 years.

Currently average asking price of a property in Sheringham is around £303,935 based on approximately 173 properties for sale. Same is the case with rental options based on 4 properties up for rent, average asking rent is around £653 per month.

Estimated property value in Sheringham is £239,028. Average asking price is £303,935 while average price paid is £218,002 which is up by £5,314 and Avg. asking rent £653.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 Sheringham area. In last 1 year alone average price buyer paid is around £218,002 based on approximately 173 sales in Sheringham area alone. If you compare it to last 3 years sales of 540 properties where buyers paid around £209,391. 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 £210,205 for 904 and average amount paid for purchase of approx. 1,217 properties sold in last 7 years comes to about £207,695 per sale.

 
 

Properties For Sale in Sheringham

 
 

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 £180,000, £301,250 for a 3 bedroom house, £315,000 for a 4 bedroom house and £556,250 for a 5 bedroom house. For a flat similarly the prices varies from £118,167 for a single bedroom to £387,488 for a 3 bedroom Flat. To sum up the asking prices for properties in Sheringham it comes to around average £118,167 for 1 bedroom property, £180,000 for 2 bedroom, £344,369 for 3 bedroom, £315,000 for 4 bedroom and £556,250 for a 5 bedroom property.

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 £780 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £377. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £624. You should be generally be expecting around average £377 rent per month for single bedroom property and approximately £702 for 3 bedroom property in Sheringham area.

Popular Houses in Sheringham

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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