February 28, 2017
Burnham-On-Sea and Highbridge house prices rise 5% in a year

Property prices in Burnham-On-Sea and Highbridge have risen by around five per cent over the past year in a 'buoyant' market.

Estate agents in Burnham-On-Sea say the market is strong and further price rises are expected this year.

Julian Frost at Abbott and Frost told "The market is buoyant with plenty of interest in Burnham-On-Sea and Highbridge - we've seen a five per cent increase across the board. More rises are expected this year."

Property firm Right Move agrees: "During the last year, sold prices in Burnham-On-Sea were 5% up on the previous year, and 10% up on 2007 when the average house price was £189,871."

"In 2016 most property sales in Burnham-On-Sea involved detached properties which sold for on average £284,694. Semi-detached properties sold for an average price of £199,420, while terraced properties fetched £162,625."

"Burnham-On-Sea's overall average property price of £208,935 was more expensive than nearby Highbridge at £161,046, but was cheaper than Brent Knoll at £310,812 and Brean at £247,535."

Online property firm Zoopla has seen a smaller price: "In the past year property prices in Burnham-On-Sea have increased 3.09%."

The increases are a concern, though, among many younger people who are finding it difficult to get their foot on the property ladder for the first time.

"House prices in Burnham are rising at a far higher amount than salaries and it's just not possible to buy for many people my age - renting is the only option at the moment," said Tim Smith.


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