Latest Property News
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Frome Q1 2024 Property Market Report
In the articles on the Frome property market, we like to provide an insight into the real story of what is happening in our Frome (and national) property market and address the misconceptions that some of the ‘doom monger’ media have been spreading.
Despite almost daily reports of a housing market crash since September 2022, the data shows that the British (and Frome) property market is doing OK.So, let’s dive into the stats and start with the life blood of the housing market – new properties coming on to the market.
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% of Frome Homes with high EPC ratings
As we navigate through a world where sustainability and cost-efficiency are at the forefront of Frome homebuyer and tenant priorities, understanding the energy efficiency of Frome properties has never been more critical.
The energy performance certificate (EPC) ratings, ranging from A (most efficient) to G (least efficient), are not only indicative of a Frome property’s environmental footprint but also have a substantial impact on the running costs for households.
Our latest heat map offers a compelling visual representation of Frome, showcasing the concentration of properties with the coveted 'A to C’ EPC ratings.
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Frome percentage of single occupancy households
In the ever-evolving landscape of the Frome property market, understanding the demographics of occupancy rates is pivotal for both buyers and sellers.
As a Frome estate agent, we've published this heat map from the Office of National Statistics to shed light on the distribution of single-occupant homes across various areas of Frome from the Census in 2021, providing a unique insight into the current living trends within our community.
This visualisation, using publicly available information, is particularly invaluable for potential buyers seeking neighbourhoods that resonate with their lifestyle preferences, be it the quietude of a predominantly single-occupant area or the vibrancy of a more diverse community. For Frome sellers, this map offers a strategic understanding of their property's positioning, potentially attracting the right demographic.
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82 Days to Sell a Property in Frome
Whether you are a Frome landlord looking to liquidate your buy-to-let investment or a Frome homeowner looking to sell your home, finding a buyer and then getting the legal work done can take a frustratingly long time.
It is a step-by-step process that can take many months.
One of the worst parts of house selling is not knowing how long you might be stuck at each step. Independent research shows that, in the last 12 months, every estate agent in the UK has taken on average, 67 days from the property coming on the market to be sold subject to contract (STC) and then 113 days to get to completion. That's nearly 26 weeks from the board going up.
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How has the Spring Budget affected Frome Homeowners and Landlords?
The Spring Budget 2024 this afternoon has introduced some changes that could significantly influence your Frome property strategies and investment outcomes.
Here’s a comprehensive mini update:
