Don't miss a story sign up to Weston Mercury's FREE daily newsletter CLICK HERE

Burnham-on-Sea named as a top property hotspot after 2017 growth

PUBLISHED: 08:00 11 January 2018 | UPDATED: 14:51 11 January 2018

The average asking price for a property in Burnham rose from £213,908 in 2016 to £235,083 last year.

The average asking price for a property in Burnham rose from £213,908 in 2016 to £235,083 last year.

Archant

Burnham-on-Sea has been named as one of the top growth hotspots in the country after the average house asking price increased by nearly 10 per cent in 2017.

The seaside town came fourth in a national table, which excluded London, as the average asking price for a property rose from £213,908 in 2016 to £235,083 last year, an increase of 9.9 per cent.

Sudbury, in Suffolk, Sowery Bridge, in West Yorkshire and Kendal, in Cumbria, are the only locations which has seen a greater price growth.

All places in the top 10 saw asking price growth of more than nine per cent in 2017, yet they all fell below the national average of £302,865, with the cheapest being West Bromwich, in the West Midlands, where asking prices are currently £149,360, up 9.5 per cent on this time last year.

MORE: North Somerset house prices increase by up to £45k in 12 months.

A study conducted by real estate and property company Rightmove also found that Bristol was the most popular area for both buying and renting searches outside of London.

Burnham’s location to nearby cities has made it a more desirable place to live.

Rightmove director Miles Shipside said: “Although prices have grown at a muted rate of 1.2 per cent nationally this year, there are a number of local markets where strong demand and short supply has led to strong price rises, especially in areas where homes are relatively more affordable than some of their nearby cities.

“Many locations on this list have certainly benefitted from a ‘ripple out’ effect where buyers look for more for their money away from climbing city house prices.”

Burnham based estate agents Gary Berryman’s, in High Street, has noticed the town’s house prices surge, agreeing sales on £1million worth of property between December 27-30.

The estate agent’s sales negotiator Alex Ashworth said: “This time of year is usually quiet for us, but we have been inundated with sales and interest in our listed properties.

“It is great to see the prices in Burnham increase in the current market and outperform many other areas across the country.

“The town fully deserves this because it is a great place to live and its location to other major cities has no doubt made it a more desirable option for buyers.”

Burnham and Highbridge town councillor Louise Parkin added: “It is a great story for the town.”

Other News Stories

12:00

Don’t miss our weekly round-up of photos shared with us by our readers.

Read more

Snow showers are possible in Weston-super-Mare at the start of next week, the Met Office has warned this morning (Saturday).

Read more
34 minutes ago

Four nearby beaches have been named in Somerset’s top 10 list.

Read more
34 minutes ago

A Weston-super-Mare business will donate to a homeless charity for every foreign student coach which comes to the area.

Read more
10:00

A trade union has been celebrating securing higher wages for workers at the country’s biggest fast food business.

Read more
Yesterday, 17:00

Watch some mixed martial arts at the Winter Gardens or take on the elements in the Two Bay Tough Ten.

Read more
Yesterday, 16:47

Take a look at this brilliant drone footage of Birnbeck Pier by YouTuber McGoPro Guy

Read more
Yesterday, 16:00

The Grand Pier has been surprising visitors with special prizes to mark national Random Acts Of Kindness Day on Saturday.

Read more
Yesterday, 15:00

Fly-tipping cost North Somerset Council around £74,000 last year – but it did not issue a single fixed-penalty notice.

Read more
Yesterday, 14:00

Glue, scissors and fabric were put to good use at Cheddar Library.

Read more

Most Read News

Read Online

Image
Read the Weston Worle and Somerset Mercury e-edition E-edition

Local Weather

Sunny

Sunny

max temp: 5°C

min temp: -1°C

Useful Links

Advertise in the paper
Submit a Story
Subscribe to the paper
Competitions
Send Your Letters
Order Photos
Family notices
iwitness24
Facebook
Twitter
Reader Travel

Family Notices 24

Newsletter Sign Up

Sign up to receive our regular email newsletter

Show Job Lists

Local business directory

Somerset's trusted business finder