Swaffham

Area Guide For Swaffham

Swaffham is a market/business town and civil parish in the English region of Norfolk. The town is arranged 12 mile east of King's Lynn and 31 mi est of Norwich.
The common ward has a territory of 11.42 sq mi and in the 2001 measurement had a populace of 6,935 in 3,130 households. For the reasons of nearby government, the area falls inside the locale of Breckland.

Swaffham is one of the numerous areas for The Man Who Became Rich through a Dream society story (Aarne-Thompson sort 1645). The story recounts a pedlar from Swaffham who imagined for a few successive evenings that on the off chance that he tended to London Bridge he would in the long run hear uplifting news. He ventured out to London, and held up for a few days on the extension. Inevitably a businessperson asked him for what reason he was holding up, and the man recounted his fantasy. The retailer snickered, and answered that he frequently envisioned that on the off chance that he went to a certain plantation in Swaffham and began burrowing, he would discover covered fortune. The pedlar came back to Swaffham, and discovered the fortune.

 
 

Swaffham Map

Estimated Price: £198,660
Average Asking Price: £243,790
Price change in last one year: £17,256
Average Price Paid: £168,947
Average Rent Rates: £585

 
 

Property Prices Breakdown in Swaffham

Average Price for property in Swaffham is around £198,660 which varies based on type of property you are interested in and ranges from £233,539 for detached house to around £164,494 for semi-detached. Similarly terraced house is around £136,924 and a flat is worth £91,544. Values have been changing and have risen £2,151 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,018 in last 6 months, £17,256 in last 1 year, £25,297 in last 2 years, £33,698 in last 3 years, £24,429 in last 4 years and £21,115 in last 5 years.

Currently average asking price of a property in Swaffham is around £243,790 based on approximately 224 properties for sale. Same is the case with rental options based on 17 properties up for rent, average asking rent is around £585 per month.

Estimated property value in Swaffham is £198,660. Average asking price is £243,790 while average price paid is £179,487 which is up by £17,256 and Avg. asking rent £585.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 Swaffham area. In last 1 year alone average price buyer paid is around £179,487 based on approximately 224 sales in Swaffham area alone. If you compare it to last 3 years sales of 596 properties where buyers paid around £172,831. 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 £168,947 for 904 and average amount paid for purchase of approx. 1,158 properties sold in last 7 years comes to about £167,001 per sale.

 
 

Properties For Sale in Swaffham

 
 

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 1 bedroom is around £83,000, £137,146 for a 2 bedroom house, £226,595 for a 3 bedroom house, £341,702 for a 4 bedroom house and £550,000 for a 5 bedroom house. For a flat similarly the prices varies from £67,500 for a single bedroom to £101,238 for a 2 bedroom Flat. To sum up the asking prices for properties in Swaffham it comes to around average £75,250 for 1 bedroom property, £132,921 for 2 bedroom, £226,595 for 3 bedroom, £341,702 for 4 bedroom and £550,000 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 can vary from £544 for 2 bedroom to £688 for 3 bedroom and £750 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £397. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,066. You should be generally be expecting around average £397 rent per month for single bedroom property, £639 for 2 bedroom, £688 for 3 bedroom and approximately £750 for 4 bedroom property in Swaffham area.

Popular Houses in Swaffham

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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