While house price increases in East Anglia are finally slowing down, buyer competition remains fierce – particularly in property hotspots like Southend-on-Sea, Bedford and Basildon, where prices have increased more than 13% in a year.
The ever popular city of Cambridge, on the other hand, has seen a year-on-year rise of less than 1%, yet figures show that the average house there costs a whopping £431,344, still placing it amongst the most expensive spots in the region.
At the opposite end of the spectrum, Great Yarmouth in Norfolk has emerged as one of the cheapest places to buy a home in East Anglia right now, with an average house price of less than £155,000.
Our latest round-up of new developments in East Anglia features some affordable and shared equity options as well as large, executive homes for buyers with a more generous budget.
Oaklands Park in Benfleet, Essex (Redrow Homes)
In a rural Essex location near the coast, Oaklands Park has proved popular with buyers, and 85% of properties there are now sold. The development as a whole is made up of three-, four- and five-bedroom detached and semi-detached houses alongside two-bedroom apartments, potentially suiting professionals, young couples, families and executive house buyers.
There are supermarkets close by in Benfleet and Thundersley, and many other amenities such as a doctors' surgery and dentists near the development. Two primary schools are within easy reach of Oaklands Park, while secondary-aged children have an option within walking distance as well as several others within the wider local area.
Prices: Just a handful of homes now remain, including a two-bedroom apartment priced at £269,995 and four-bedroom homes priced at £514,995 or £524,995.
Find out more about Oaklands Park from Redrow Homes
Wyngates in Blofield, Norfolk (Norfolk Homes)
In a peaceful rural spot in the Broadland district of Norfolk, this development will offer 64 new homes ranging in size from one-bedroom apartments to substantial four-bedroom executive homes. Some properties are available on a Shared Equity Scheme (80% ownership) to give options to people who would not otherwise be able to afford an outright purchase, and these will be externally indistinguishable in style from other properties that do not form part of the scheme.
In 2013, Broadland was announced as the most peaceful locality within the United Kingdom, having lower levels of violent crime than anywhere else in the country. Surrounded by pretty countryside, the village of Blofield is close to the famous Broads, and is less than 10 miles east of Norwich and 13 miles from the Norfolk coastline. Wyngates is situated on the fringes of the village and offers a choice of home styles interspersed with attractive village greens and children's play areas.
Prices: From £325,000.
Find out more at www.norfolkhomes.co.uk or call 01603 964012
The Limes in Little Melton near Norwich, Norfolk (Abel Homes)
This range of contemporary, energy-efficient (EPC A-rated) two-, three-, four- and five-bedroom homes will include some affordable housing and two-bedroom properties available on a shared equity basis, making it ideal for first time buyers in the area.
The standard specification will include triple-glazed windows; fibre broadband (which is up to 40 times faster than copper broadband); a Photovoltaix (PV) system to generate free, clean solar energy; fitted appliances; and floor coverings throughout – while the three-, four- and five-bedroom properties will also have underfloor heating to the ground floor to offer added comfort and energy efficiency.
By road, the centre of Norwich is only six miles away (with an approximate journey time of just under 20 minutes), while other nearby destinations include Attleborough (14 miles), Dereham (15 miles), Bury St Edmunds (41 miles), King's Lynn (42 miles), Ipswich (45 miles) and Cambridge (62 miles).
Prices: A detached three-bedroom bungalow with single garage is priced at £335,000. Other options are available.
Find out more at www.abelhomes.co.uk or call 01953 88 44 86.
Eastfields in Cambridge, Cambridgeshire (Weston Homes)
Less than three miles east of Cambridge city centre, once completed this scheme will provide 57 brand new homes distributed over 3.1 acres.
It will include a mixture of one- and two-bedroom apartments alongside three- and four-bedroom family homes designed around open landscaped areas with car parking and cycling bays. All of the homes will incorporate modern and luxury fixtures and fittings, including designer kitchens with quartz stone worktops and high specification bathrooms with porcelain tiling.
The location, on the outskirts of Cambridge, also offers superb links to surrounding cities such as London and Peterborough, offering a good balance between rural and urban living – while Cambridge International Airport is close by for trips further afield. There are also excellent community, education and work facilities within easy reach.
Find out more at www.weston-homes.com
Elizabeth Gardens in Rochford, Essex (Ashberry Homes)
On 1 April, Ashberry Homes launched two new show homes at its Elizabeth Gardens development, which is located just half a mile from the centre of the popular town of Rochford in Essex – a location that has seen detached house prices soar by almost 30% in the past five years.
Just five miles north of the popular coastal resort of Southend-on-Sea, and with miles of Essex countryside on its doorstep, historic Rochford is also conveniently close to London’s growing Southend Airport, making it ideal for those who regularly need to travel abroad. Meanwhile, for closer commutes, Rochford train station is only a 10-minute walk from the development, with journey times to Stratford in 40 minutes or London Liverpool Street in 50 minutes. The area is also well served by schools for families with children.
Designed in a classic architectural style, the semi-rural homes at Elizabeth Gardens are set amidst generous green, open spaces and include two-, three-, four-, and five-bedroom options. “The choice of homes will appeal from first time buyers through to larger families who are looking for stylish high specification houses,” says Gemma Bannister from Ashberry Homes. “These homes have been designed with brilliant layouts which are versatile and will work well for busy lives with generous space for entertaining in comfort.”
Prices: From £414,995.
Find out more at www.ashberryhomes.co.uk or call 01245 254589