Latest Property News
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The Humble Terraced House: A British Favourite
With 6,196,793 terraced homes across the UK—making up 23.2% of all properties—the terraced house has long been a staple of British living. From classic Victorian rows to modern townhouses, these homes have stood the test of time, offering charm, character, and practicality.
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£ per square foot March 2025
Welcome back to news of Frome's property market, where each week I bring you different local property market stats and trends. This week I am back again with the March’s £/sq.ft statistics.
The average property presently in Frome is on the market for £353 per square foot, a figure representing the current heartbeat of Frome's property market.
Last month it was £352 per square foot.
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Understanding Rental Yields in Frome
This map provides an insight into the average gross yields for rental properties in Frome.
The darker areas indicate higher yields, while the lighter areas represent lower yields.
Generally, there is an inverse relationship between rental yield and property value—properties with lower capital values often generate higher yields, whereas higher value properties tend to have lower returns on the yield.
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Will Your Home Sell? The Stats Every Frome Homeowner Needs to Know
Over the past 12 months, 1,579,728 homes have left the UK estate agents books. Of these, just 870,498 properties (55.1%) successfully reached exchange and completion (ie the homeowner moved) – meaning that 44.9% (709,230 homes) were withdrawn unsold.
However, the likelihood of selling varies significantly depending on where you live. Northern Ireland leads the way with an 82.4% success rate with London, however, siting at the bottom of the table, with just 41.5% of homes completing.
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Why Does it Take 117 Days to Move into a Frome Home?
Buying or selling a home is often one of the most significant transactions people make, yet the process in England and Wales remains frustratingly slow. You find the home of your dreams, you make an offer, it is negotiated, and a price is agreed. Yet once a sale is agreed, it takes an average of 118 days—nearly 17 weeks—for legal completion to take place for a home in the UK. That’s more than four months of uncertainty, stress, and potential financial risk for buyers and sellers alike.
