Search

Would you buy a house in a conservation zone in Norwich, Lowestoft, Beccles, King’s Lynn, Fakenham, Mildenhall and Thetford?

06:30 16 July 2012

Homes in conservation zones cost more to buy

Homes in conservation zones cost more to buy

Archant Norfolk Photographic © 2008

A new report has shown that the average house price in conservation zones is higher than properties outside the zones as buyers take the chance to live in historic areas which will remain mainly unchanged.

The national survey, which features examples from Norfolk and Suffolk, examined one million property sales between 1995 and 2010.

It shows in Norwich the average sale of a house in conservation zones was £180,475 - 8.15pc higher than properties outside zones, which sold at an average of £166,878.

In Lowestoft and Beccles the average price of a sale in a conservation zone was £162,7279 - more than 5pc higher than other homes in normal areas, which sold at £154,914.

The report also shows that in King’s Lynn and Fakenham the average sale in a zone was £149,485 - 0.07pc higher than other properties.

While in Thetford and Mildenhall the average sale was £151,909 - 0.43pc higher compared to others.

The report by English Heritage and London School of Economics and Politics has another statistic which shows in East Anglia the average £1/sqm price in a conservation zone was 7.5pc higher than other areas.

Michelle Daisley, residential sales manager of Norwich-based property services firm Arnolds Keys, said: “By their very nature conservation areas are distinctive in some way and this will always attract buyers.

“One very big plus is when you buy a property in a conservation area, you know that area is unlikely to change significantly, as broadly, speaking there will be an assumption against development.

“Quite often there is a feel you are living within a protected piece of history.”

She added the flip side of conservation zones was less freedom to make possible changes, such as changing front doors and building extensions.

Danny Steel, partner of Lowestoft-based Ganaden Properties, said: “People are attracted to conservation areas because there is the perception these localities are more likely to be well maintained by both the residents and the local authority.”

Lee Shuardson, of King’s Lynn-based Sowerbys, said: “Period property located within towns and villages in Norfolk is in constant demand, even in these adverse market conditions.

“Buyers of these properties are not just buying a house, they are buying into a lifestyle and are happy to pay a premium for this.

“They become custodians, if you like, of historically important areas.”

Visit www.edp24.co.uk for the latest houses for sale in your area.

Related articles

3 comments

  • Would you buy a house in a conservation zone ?. The Answer NO. Reason. We all know that councils are used to riding roughshod over people so there would be no guarrantee that the area would remain a conservation area and building by their "developer friends" would not be carried out.

    Report this comment

    "V"

    Monday, July 16, 2012

  • For heaven's sake, EDP, get your facts and terminology right. The phrase is "conservation area" - there's no such thing as a "conservation zone" for historic areas.

    Report this comment

    g hu

    Monday, July 16, 2012

  • For heaven's sake, EDP, get your facts and terminology right. The phrase is "conservation area" - there's no such thing as a "conservation zone" for historic areas.

    Report this comment

    g hu

    Monday, July 16, 2012

The views expressed in the above comments do not necessarily reflect the views of this site

Other news

Yesterday, 08:10
The Queen Elizabeth Hospital in King's Lynn. Picture: Ian Burt

Two types of equipment that will help elderly patients falling have been selected to be used at Queen Elizabeth Hospital.

Thu, 14:28
Scrumpy the pony was stolen from his field in Reepham. Picture: Supplied

A family is appealing for help in finding their much-loved pony who was taken from his field near Reepham.

Thu, 13:24
A police car heading out to an emergency. Picture: Matthew Usher

Officers are appealing for witnesses to an altercation in Fakenham on Saturday.

Thu, 06:30
A red squirrel and her kits at Pensthorpe. Picture: Pensthorpe Natural Park/Lin Pritt

Bright-eyed and bushy-tailed, these red squirrel kittens which have emerged into the sunshine at a north Norfolk wildlife haven are injecting fresh hope into the campaign to save the species from extinction.

Most Read

Thu, 06:28
Cranmer House, in Fakenham, where beds are under review. Picture: Chris Bishop

Health chiefs plan to replace them with a “supported care service”, where community teams will care for people in their own homes.

Read more
Norfolk and Norwich University Hospital
Wed, 23:42
Cllr Steven Ward, North Norfolk District Council

A by-election is being called to find a replacement.

Read more
North Norfolk District Council
Thu, 13:24
A police car heading out to an emergency. Picture: Matthew Usher

Officers are appealing for witnesses to an altercation in Fakenham on Saturday.

Read more
Yesterday, 08:10
The Queen Elizabeth Hospital in King's Lynn. Picture: Ian Burt

Two types of equipment that will help elderly patients falling have been selected to be used at Queen Elizabeth Hospital.

Read more
Queen Elizabeth Hospital
Friday, October 30, 2015
Miss Downs with pupils at Alderman Peel High School, Wells. Picture: Ian Burt

Miss Downs, head of PE and assistant head at the school, has been chosen from teachers across the country as part of a campaign to attract more people into the profession.

Read more
Wells

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 8°C

min temp: 4°C

HOT JOBS

Show Job Lists

Digital Edition

Image
Read the Fakenham and Wells Times e-edition today E-edition

Newsletter Sign Up