How much would it cost to buy all the homes in Attleborough?
Have you ever wondered what the combined value of every home in Attleborough is? From detached houses to flats and apartments, the breakdown of property types reveals some surprising figures about our town's market. Continue reading to uncover the full story and what it means for Attleborough homeowners, buyers, and landlords in 2025.
In the last 14 years, the total value of Attleborough property has increased by 83%, or £543.5 million, to £1,198,466,553 (or £1.198 billion).
Interestingly, the FTSE100 stock market has only risen by 38.5%. When I compared it to inflation (i.e. the UK Retail Price Index), this had risen by 51.1% during the same 14 years.
When I looked deeper into the numbers,
The average price currently being paid for an
Attleborough home stands at £261,630.
(Attleborough being, for this exercise, all homes within a 2-mile radius of the town centre and the average price paid in the last three months).
But regular readers of my Attleborough property market blog articles know me. I wasn't going to stop there, so I split the property market down into the individual property types in Attleborough. The average numbers come out like this.
The Attleborough property market reveals an intriguing dynamic when comparing the total value contributions of different property types.
· Detached houses have an average value of £323,611 and a total of £685.4 million.
· Semi-detached houses, with an average value of £236,667, contribute £309.5 million.
· Terraced and townhouses, averaging £223,917, collectively amount to £158.3 million.
· Apartments, with an average value of £133,300, still contribute a substantial £45.1 million.
This remarkable growth in property values over the past decade and a half reflects the fundamental strength of Attleborough's property market. But what does this mean for homeowners, homebuyers, and landlords as we move into 2025 and beyond?
The Attleborough property market remains underpinned by several key factors that ensure its resilience, even amid broader national and global economic uncertainties. Property ownership continues to be a stable and rewarding long-term investment for Attleborough homeowners, buyers and landlords. While market conditions may fluctuate in the short term, history has shown that property values in Attleborough tend to weather these ups and downs and emerge stronger over time.
A Growing Rental Market in Attleborough
For landlords, the rental market in Attleborough remains an area of significant opportunity. Demand for rental properties is robust, driven by population growth, changing lifestyle preferences, and continued interest in the area from those seeking a quieter pace of life (compared to major cities). This demand keeps rental yields steady, offering landlords a reliable income stream and the potential for capital growth.
As Attleborough continues to attract young professionals and families due to its excellent transport links, quality schools, and a sense of community, the appetite for quality rental homes remains strong. For landlords considering expanding their portfolios, now may be an excellent time to explore options in Attleborough's semi-detached or terraced housing market (even apartments if the service charge is reasonable), which provides a good balance of affordability and rental potential.
Supply and Demand of New Homes in Attleborough
Another reason for optimism is Attleborough's persistent undersupply of new housing. I know some of you will say some parts of Attleborough have looked like a building site for months, yet the fact is, we aren't building enough new homes in the town. With demand consistently outstripping supply, property values are thus supported, reducing the likelihood of significant price drops.
Borrowing Costs to Buy Attleborough Homes
Although interest rates are higher compared to recent years' historic lows, they remain very manageable by historical standards. For those looking to buy their home in Attleborough, this can still represent an opportunity to secure a mortgage and move up the property ladder.
Meanwhile, the Bank of England's continued efforts to stabilise the wider British economy offers hope that rates may drift downwards, further boosting buyer confidence. Beyond the financial figures, Attleborough has a lot to offer. Continued investment in local infrastructure, schools, and public amenities enhances its appeal as a place to live, work, and invest.
As always, navigating the Attleborough property market can be complex. Whether you're considering buying, selling or even investing in buy-to-let, making informed decisions is essential. If you'd like to discuss your property related goals or have questions about the Attleborough property market, I'd be happy share my 40 years property selling experience and 30 years of working the Attleborough property market to help you. My door is always open for a no obligation chat, please call me on (01953) 453838, 07970203228 or drop me an email to tony@millbanks.com
Thank you for reading