Latest Property News
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Frome House Price Review: The August 2025 Update
Frome homeowner or landlord? Curious about the trends in the Frome property market? One measure is the average price paid for homes bought and sold in Frome in the last 12 months, on a rolling month by month basis.
Each month I like to share this figure, and whilst this figure alone will not tell you much, its trend will. My followers on social media know I write regular articles on the Frome property market. It is in those articles I expand and clarify what these monthly figures mean to you.
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% Chance of Selling & Moving Home in the UK 2025, by Price Range
Saleability is not the moment a home is marked Sold Subject to Contract. It is the percentage of homes that make it from coming on to the market to exchange of contracts and legal completion, when everyone is legally tied in and the move happens.
These are the stats for UK property market
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The Average Value of a Frome Terrace / Town House
Frome's classic terraces and smart town houses are the backbone of the town. Over the last twelve months they changed hands at an average of £328,994 . That is the average price paid. By definition, half of sales were below that figure and half were above. This covers everything from older terraces near the centre to newer town houses on modern estates on the outskirts.
What pushes a home above the average is usually a mix of street, condition, parking, garden, EPC, layout, and the simple feel of the place. An ensuite bathroom, a decent kitchen, and a nice garden often make a clear difference. Homes close to schools, transport links, and everyday shops tend to draw a wider pool of buyers.
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The New Build Premium – Why Frome Brand-New Homes Cost More
If you have ever wondered why a brand-new home often costs more than an older one, you’re not alone. This extra cost is called the “new build premium”. Think of it like buying a car, a brand new one commands a higher price because it’s unused, comes with the latest features, and offers peace of mind.
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How will the interest rate cut affect the Frome property market?
The Bank of England has reduced interest rates to 4%, marking its fourth cut in under a year to its lowest level in 2 years. This decision follows a previous reduction in May.
The Bank of England has revised its economic growth forecast for 2025, now predicting a 1.25% expansion, slightly up from an earlier estimate. The impact of this rate cut will be felt across the financial landscape, potentially easing borrowing costs for mortgages and loans while simultaneously reducing returns for savers.
