Regional Property Market Update Autumn 2020: Essex, Norfolk and Suffolk (East of England)

It is estimated that nearly two million people own buy-to-let property across the UK (Resolution Foundation 2019), with property being regarded as a ‘safe-haven’ asset. At 4.7%, the gross yield on residential property across the East of England is attractive.
In Essex, Norfolk and Suffolk, gross yields in seven areas are upwards of 5%, Harlow and King’s Lynn and West Norfolk are the current top performers.
Average gross yields on residential property are attractive, with positive rental and house price growth

Strongest housing markets across the Essex, Norfolk and Suffolk region
Property prices across the East of England were 2.6% higher year-on-year as the housing market reopened in June. Brentwood and Babergh are the current top performers in the Essex, Norfolk and Suffolk region with prices over 6% higher than a year ago. Activity across the market has been brisk;, nationally the average time taken to sell a property fell to 53 days in August, down from 62 days in August 2019. Sensible pricing remains crucial, as correctly priced properties are nearly twice as likely to be sold ‘subject to contract’ within four months of listing than those that have had their asking price reduced. Homes in the East of England are selling, on average, 11 days quicker than a year ago.

Properties for sale in the Essex, Norfolk and Suffolk region
Saffron Walden, Essex, 4 bedrooms

Iswas Cottage is a delightful four-bedroom family home of character, enjoying a picturesque setting within a good-sized plot of approximately one third of an acre surrounded by open countryside. The house has been well-maintained by the current owners and provides light and airy living accommodation and benefits from many original features including exposed timbers throughout.
Alpheton, Suffolk, 3 bedrooms

This beautifully presented Grade II Listed thatched cottage is set on high ground in a village between Sudbury and Bury St Edmunds, with spectacular country views to both front and rear. This property is full of character, containing a wealth of exposed timbers with good sized ceiling hights and Inglenook fireplaces under a thatched roof.
Cawston, Norfolk, 4 bedrooms

Rose Cottage is tucked away on Chapel Street, next to a former chapel and offers well-presented and comfortable character accommodation, benefitting from oil fired radiator central heating and replacement double glazed windows. Whilst the garden is all to the front of this property, it offers a surprising amount of privacy and seclusion and has been designed to minimise maintenance.

Regional Reports
Click to see the market reports in other regions:
● Market Report 2020 Autumn South West
● Market Report 2020 Autumn East Midlands
● Market Report 2020 Autumn Hertfordshire, Bedfordshire and Cambridgeshire (East)
● Market Report 2020 Autumn London
● Market Report 2020 Autumn North East and Yorkshire
● Market Report 2020 Autumn North West and North Wales
● Market Report 2020 Autumn Northern Ireland
● Market Report 2020 Autumn Scotland
● Market Report 2020 Autumn South East Home Counties – Kent and East Sussex
● Market Report 2020 Autumn Southern Home Counties – Surrey and West Sussex
● Market Report 2020 Autumn Southern
● Market Report 2020 Autumn Thames Valley, Berkshire, Oxfordshire and Buckinghamshire
● Market Report 2020 Autumn West and South Wales
● Market Report 2020 Autumn West Midlands and Wales

Contact us
If you would like guidance on buying or selling your home with the best agent in your area, find your local Guild Member today.

Financial Services

Contact a specialist from Aston & Co Financial Services for help with finding the right mortgage.

Read What Our
Customers Say

Jodie Skinner

From the beginning, our experience with Michael and Rhys has been brilliant. Whenever we had a question to ask or needed some additional information, they were both just a phone call away and were always happy to provide us with an answer. As first time buyers, they made us feel ...

Sue Smith

We can’t fault Aston and co in Syston, for their handling of the sale of our property. We were kept up to date weekly and nothing was too much trouble. Both Micheal and Rhys were approachable and very professional. I would definitely recommend using them for an efficient and hassle ...

Andy

Having had issues with other agents, we came to Astons who gave us an honest appraisal of our house – not overpricing it like others to gain business. Michael and Rhys are a great partnership and Rhys being local was able to provide viewers with information that other agents hadn’t. ...

Andy Freer

Recently sold our house with Aston & Co. We honestly could not have asked for more. From the moment Michael came to value the house, to the day to day communication from Rhys we have not had to chase them once. Michael and Rhys are a great partnership and a ...

V Pears

We chose Aston & Co in Syston to handle the sale of our property. We were kept up to date regularly and Michael and Rhys dealt with all matters efficiently and quickly.We would definitely recommend using them for an efficient and hassle-free move.

Gareth Mueller

We bought a house from a vendor who used Astons & Co as their agent. Rhys was helpful and professional from start to finish and regularly kept us in the loop with how things were progressing. Communication was efficient and swift all the way through.

Julie Pearson

From the first visit to value our property to the final phone call informing us of completion Rhys and Michael at the Syston office have been brilliant, down to earth, realistic with valuation very easy to get in touch with.Making everything less stressful.Regular updates were very reassuring . I would ...

Charlotte Hings

The team at Astons are great. They’re really down to earth, take time to listen and help resolve anything they can for you.Their communication is excellent as they always keep you in the loop with what is happening with your sale. They keep both seller and purchaser happy.Fees are reasonable ...

Julie Perkins

We have recently used Aston & Co to sell our property. At all times we received regular reports from them on interest and following viewings . When our property sold Astons managed the chain keeping all parties fully informed and I believe that without their input our sale would have ...

Tina Poole

Michael and Rhys handled both our sale and purchases. They had good local knowledge, their valuation turned out to be on point. Our sale viewings were nearly all on the same day and we accepted an offer very quickly. We were kept up to date regularly with that and our ...

How Much is Your Property Worth?

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation.