Properties in Frome

This week's property highlight is a beautifully renovated and extended Victorian home on Nunney Road, Frome.

Priced at £1,150,000 and on the market with Rivendell Estates, this seven-bedroom family residence combines historic charm with modern convenience, offering expansive living space, a private garden, and ample off-street parking.

Despite the anticipations and speculations surrounding the UK General Election, its impact on the UK and Frome property market has been negligible.

Market trends, buyer interest, and property values have remained steady, showing no significant fluctuations attributable to the political climate. This stability suggests that factors such as economic fundamentals, interest rates, and housing supply continue to play a more crucial role in shaping the property market's dynamics than the election results.

The property market in the UK is a complex and multifaceted entity, characterised by a myriad of factors that influence property prices and values.

One of the critical metrics often underutilised to gauge the value of property is the price per square foot (£/sq.ft). This figure provides a standardised measure, enabling comparisons across different regions and localities.

Average Age of Frome Residents

For residents, this information can foster a deeper connection to their community by highlighting areas with similar age groups, potentially enhancing social cohesion and community engagement.

The property market across the UK is booming, and this is fantastic news for Frome homeowners, landlords, and potential buyers.

As an estate agency in Frome, we are thrilled to share that the number of homes sold subject to contract (STC) has significantly increased from January to the end of May 2024 compared to the same period in 2023.

Good news for Frome landlords and Frome tenants !

The latest data on rent growth since January 2020 highlights significant increases across the UK, providing a promising outlook for landlords, especially those in Frome.

A beautifully renovated three-storey Victorian house in Wallbridge, Frome, is up for sale at £525,000.

This attractive property, just a stone's throw from the train station and a short walk from the town centre, offers both historical charm and modern comforts, making it ideal for families.

Over the past few years, the UK rental market has experienced significant fluctuations, with rents increasing dramatically during the Covid-19 pandemic. Between 2020 and 2022, demand far exceeded supply, driving rents to unprecedented levels.

In the South West for example, the average rent has risen from £913 per calendar month (PCM) to £1,339pcm YTD in 2024.

The recent announcement by the British Prime Minister regarding the next general election set to take place in early July 2024 has inevitably stirred discussions about its potential impact on the Frome property market. Historically, general elections are periods of heightened uncertainty, often leading to speculation about their effects on house prices and transaction levels. However, examining past trends reveals a relatively stable market, with only minor fluctuations in transaction volumes.

House Prices To Remain Steady

Nestled between the picturesque settings of Frome and Mells lies Rivendell, a breathtaking Grade II Listed Georgian house that boasts an expansive garden, an indoor heated swimming pool, and views that stretch across the idyllic Somerset countryside.

On the market for £895,000, this property presents a rare opportunity to own a piece of history with modern luxury.