Moving Forward

Key Statistics

In the East region, the average price of property is £1,007,650, which represents a 10.04 percent annual change in price. The premium price threshold in the East of England is £750,000, which means that the top five percent of sales in the region were above this figure. Over the last 12 months the average price per square foot has been around £483. The total value of sales over the past year has been £3.59billion with 1,255 sales at or over £1 million.

The East of England Premium Market

Prime property price growth in the East of England has been strengthening over recent months. In both Cambridge and Watford, the average price of a prime property commands a seven-digit sum. The price threshold for a prime market property exceeds £500,000 in all areas of the region except Peterborough. 

The highest price increase in the East is in King's Lynn with 21 percent, Watford is second with 19 percent and Colchester is a close third with an 18 percent increase. 

Click here to read the full F&C Summer Housing Market Report: East of England

Christopher Scott, Director of Fine & Country South Norfolk and North Suffolk comments on the region:

"The market at Fine & Country South Norfolk and North Suffolk has been relentless. In almost 40 years in the industry I have never known a market like this. The demand from discerning buyers from London, Essex, Hertfordshire and Kent is at an all-time high. Buyers' needs have certainly changed since the pandemic. The glamour for the countryside, outside space and a work-from-home area has become top of the list of requirements. At Fine & Country we have managed to maintain stock levels but it is true to state that it is very much hand-to-mouth. Properties come onto the market and are under offer at lightening speed and more often than not, properties are selling for the asking price or figures in excess of guide prices are being obtained."

Properties for sale in the East of England region

Great Totham, Essex, 7 bedrooms

Orchards is a magnificent and grand country estate, set on a plot of 2.5 acres with secure, gated grounds, tennis courts, generous terrace areas, a two-storey pool house and a guest bungalow. In total, there are six beautifully styled reception rooms, a stunning dining-kitchen and seven bedroom-suites including a principal bedroom with an adjoining dressing room, an elegant en-suite and a private balcony. 

Eltisley, Cambridgeshire, 4 bedrooms

Green Farm is a stunning 17th-century home that has been improved and restored to a very high standard over the years. This utterly charming Grade II Listed timber-framed period house enjoys a sought-after location overlooking the pretty village green in the delightful Cambridgeshire village of Eltisley, which offers easy access to Cambridge, St Neots and rail links to London.

Hadleigh, Suffolk, 7 bedrooms

Town House Farm is a bespoke seven-bedroom home nestled within 75 acres of land in the Suffolk countryside. There are five stunning reception rooms including a home cinema, a loggia that is perfect for al fresco dining and entertaining, and seven double-bedrooms, including three with en suites. Located in the vicinity of the market town of Hadleigh, this home is in the perfect position for both rural living, whilst only being a few minutes' drive from the Hadleigh High Street, which boasts an eclectic mix of shops, public houses, cafés and many other facilities.

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Looking to sell your home with experts in premium property? Get in touch with your local Fine & Country agent today.

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