Instant Valuation

Sitting just 10 miles north of our Fakenham base is the beautiful coastal town of Wells-next-the-Sea. It's a favourite spot of the Pure North Norfolk team, as it is so beautiful as a harbour town and home to one of Norfolk's finest beaches. 

 

It has two aspects - at low tide, a vast panorama of expansive sand and at high tide, it transforms into a harbour. 

 

Set against a backdrop of pines with idyllic eye catching beach huts, Wells is worth a day out, a staycation or, if you can afford it, as a place to live.

 

So what’s so swell about Wells?

 

Firstly it sits in the centre of an Area of Outstanding Natural Beauty, so you'd expect property prices to be high there, but what is the reality?

 

"There's often very few houses for sale there" comments Julia Gooch, our Director, "in fact there were only 34 recorded sales in 2017, whereas Fakenham, where we're situated, saw 258 sales."

 

As well as the paucity of property in Wells, you do have to pay a premium for that coastal location - it's not as expensive as Blakeney or Holkham but it is much higher than inland.

 

"Property in Wells sold for an average, last year of £464,000" adds Julia, "which is £200,000 more than the average price paid in Fakenham last year!"

 

"What's interesting though is that Fakenham is rising faster in percentage terms annually than its neighbour, Wells. Whenever an area becomes more in-demand and expensive, there’s a knock-on effect with places close by - Fakenham property prices rose by 3% more in 2017.”

 

The most affordable property currently on the market in Wells is just £60,000 but before you rush off to the portals to buy it, be aware that it is a beach hut! 

 

At the other extreme, the most expensive property on the market there is listed at just below the one million pound mark, for a house that has 4 bedrooms and is habitable all year round. 

If you need any advice about selling or letting property in north Norfolk, get in touch with this local, independent estate and letting agent.