Latest Property News
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Frome Starter Homes 34.6% Cheaper Today Than 35 Years Ago
It might surprise many that, despite significant inflation over the past few years, buying a house today is still more affordable as a percentage of take-home pay.
The average value of a typical Frome first-time buyer property has surged by 318.1% since 1989 (35 years ago), reaching £309,600 in 2024. So, the title of this article sounds wrong.
Yet the headline price one pays for your home is almost irrelevant. Indeed, it is what it costs each month out of one's salary. You see, despite this increase in house prices, the monthly mortgage payments that first-time buyers in Frome need to make today are significantly lower as a proportion of their take-home pay compared to 1989.
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Mapping Frome: Areas with Homes Below the National Average House Price of £281,000
Our latest heat map provides a detailed view of Frome's property market, illustrating the percentage of homes valued below the national average price of £281,000 in the different neighbourhoods and areas of the town and surrounding area.
This visualisation not only helps prospective Frome buyers understand where more affordable homes are located but also provides sellers with insights into current market conditions in their locality.
As estate agents in Frome, we believe this tool will aid in making informed decisions in this dynamic property market.
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Key Points from the King's Speech 2024 for Frome Homeowners and Landlords
The King’s Speech at the State Opening of Parliament sets the agenda for the government's priorities. This year's speech, delivered by King Charles, is the first from a Labour government since 2010 following the recent general election.
With 30+ bills highlighted, there are significant plans, though nothing particularly groundbreaking or seismic for Frome homeowners or landlords.
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Frome Property Market Insights: How to Sell Your Home Faster in 2024
The length of time it takes to sell a property is a crucial indicator of the health of the property market. This metric can provide insight into supply and demand dynamics, the efficiency of estate agencies, and overall market confidence.
For Frome homeowners and investors alike, understanding these trends can inform better decision-making. When properties sell quickly, it often reflects a strong market with high demand, whereas longer sale times might suggest a surplus of properties or decreased buyer interest.
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% of people working more than 49 hours per week
As an estate agent in Frome, we are dedicated to understanding the unique aspects of our local community.
Using data from the Office for National Statistics and the 2021 Census, this heat map illustrates the percentage of working residents in different areas of Frome who work more than 49 hours per week.
