Attleborough Homeowners Pocket £4,051 a Year in Profit Since 2005
That’s despite downturns, political chaos and a cost-of-living crisis. Whether you’ve owned for years or are just getting started, this stat should make every Attleborough homeowner and landlord sit up and take notice.
As we are now just over half way through 2025, it's certain the Attleborough housing market has been more restrained than the post pandemic 24 months of the summer of 2020 through to July/August of 2022, and I believe that the ‘steady as she goes’ outlook will continue into the rest of 2025 and beyond.
As I always say in my Attleborough property market updates, home ownership is a medium to long-term investment, so I feel it’s always important to measure what has happened to Attleborough house prices over those medium to long terms.
Since the summer of 2005 the average Attleborough homeowner has seen their property’s value rise by an average of 48%.
This is significant as house prices are a national fascination and sub-consciously tied into the perceived health of the UK economy. Most of that 48% gain has come from the overall growth in all Attleborough property values, while some of it will have come about by modernising, extending or developing their Attleborough home.
Analysing the different types of property in Attleborough and the profit made by each type, it makes interesting reading:
· Overall Average for All Homes in Attleborough. The average price paid for all homes in Attleborough in 2005 was £171,246. Now it's 2025, and it has risen to £252,261. This is a total profit of £81,015 (which is £4,051 profit per year per home or an annual growth of 2.4% per year).
· Apartments in Attleborough. The average price paid for apartments in Attleborough in 2005 was £96,457. Now it's 2025, and it has risen to £118,061. This is a total profit of £21,604 (which is £1,080 profit per year per home or an annual growth of 1.2% per year).
· Terraced/Town Houses in Attleborough. The average price paid for all town house/terraced houses in Attleborough in 2005 was £123,774. Now it's 2025, and it has risen to £187,390. This is a total profit of £63,616 (which is £3,181 profit per year per home or an annual growth of 2.6% per year).
· Semi-Detached Homes in Attleborough. The average price paid of all semi-detached homes in Attleborough in 2005 was £137,515. Now it's 2025, and it has risen to £230,213. This is a total profit of £92,698 (which is £4,635 profit per year per home or an annual growth of 3.4% per year).
· Detached Homes in Attleborough. The average price paid of all detached homes in Attleborough in 2005 was £211,213. Now it's 2025, and it has risen to £294,629. This is a total profit of £83,416 (which is £4,171 profit per year per home or an annual growth of 2.0% per year).
However, we can’t forget there has been 77% inflation over those 20 years, which eats into the ‘real’ value (or true spending power of that profit) … so if we consider inflation since 2005, the true ‘spending power’ of that profit has been lower.· Overall Average for All Homes in Attleborough. The total 'real profit' (i.e. after inflation has been deducted) for the average Attleborough home is £45,720 for the last 20 years. This equates to £2,286 'real' profit per annum.
· Apartments in Attleborough. The total 'real profit' (i.e. after inflation has been deducted) for the average Attleborough apartment is £12,192 for the last 20 years. This equates to £610 'real' profit per annum.
· Terraced/Town Houses in Attleborough. The total 'real profit' (i.e. after inflation has been deducted) for the average Attleborough town house/terraced home is £35,901 for the last 20 years. This equates to £1,795 'real' profit per annum.
· Semi-Detached Homes in Attleborough. The total 'real profit' (i.e. after inflation has been deducted) for the average Attleborough semi-detached home is £52,313 for the last 20 years. This equates to £2,616 'real' profit per annum.
· Detached Homes in Attleborough. The total 'real profit' (i.e. after inflation has been removed) for the average Attleborough detached home is £47,074 for the last 20 years. This equates to £2,354 'real' profit per annum.
Therefore, the profit for an average Attleborough home over the last two decades, adjusted for inflation, stands at £2,286 per year.
I wanted to show you that despite the 2008/09 Credit Crunch property market crash, which saw Attleborough property values plummet by 16% to 19% over 18 months, Attleborough homeowners have still fared better over the long term than those renting.
Looking ahead, a common question I get asked is about the future direction of the Attleborough property market.
The main influence on maintaining house price growth in Attleborough over the medium to long term will be the construction of new homes (on the supply side) and employment and interest rates (on the demand side). Although we have yet to get the official figures for 2024, independent sources indicate that the number of new households is expected to be around 217,900. Bearing in mind the annual need is for 300,000 new UK households - to meet demands arising from factors such as increased life expectancy, immigration, and later cohabitation - it’s clear that demand will continue to exceed supply unless the government heavily builds council houses.
This can only be good news for Attleborough homeowners.
What about Attleborough landlords, though?
Even though the quantity of landlords selling up their rental portfolios has increased in the last couple of years and the number of landlords purchasing buy-to-let properties is lower than in the last couple of decades, there is still margin net growth in the size of the private rented sector each year. This is all notwithstanding landlords facing higher taxes. The fact is many Attleborough landlords continue to be keen on expanding their rental portfolios in the medium to long term.
Many of the 20 and 30 something’s of Attleborough view renting as a choice that offers flexibility and options that homeownership does not provide. This means that demand for rentals will keep rising, allowing landlords to enjoy capital appreciation and rising rents. However, Attleborough buy-to-let landlords must accept more considerate strategies to maintain profitable returns from their investments.
If you'd like a chat above this article you've just read then please get in touch, I know the local Attleborough property market inside out and I'm always happy to share what we’re seeing.
Call me anytime on mobile 07970 203228, the office on 01953 453838, or email tony@millbanks.com With over 41 years of experience in property sales and marketing, I’m can offer clear guidance and support every step of the way.
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