Woodbridge and Sudbury ranked in Britain’s top 10 property hotspots
PUBLISHED: 13:24 18 July 2017 | UPDATED: 14:36 18 July 2017
Two picturesque towns in the heart of Suffolk have been featured a list of the UK’s top 10 property hotspots.
Woodbridge was ranked fourth in the report, which compiled towns and cities identified as hotspots for rising prices in 2017, while Sudbury placed fifth for the second year running.
Compiled by Zoopla, the list – released today – puts the value of a typical home in Woodbridge as £385,585 – up 7% compared with the beginning of the year.
Sudbury was not far behind, with an increase of 6.5% since January – and an average value of £319,907.
Clare Perkins, Woodbridge mayor, said she was thrilled to hear the east Suffolk town had been recognised in such a way.
“Our town is beautiful and it is a real honour to have placed so well in these rankings,” she said.
“Hopefully being a property hotspot will continue to draw visitors and prospective residents in to our delightful town.”
However, she said rising prices could present the town with a catch 22 situation. She added: “The only issue I have with rising prices is that we are raising children here who will then not be able to live here in the future.
“Affordable housing does need to be a priority too, so it’s a bit of a catch 22 really.
“Nevertheless I and many of our town’s residents are thrilled to hear our housing market is doing so well and look forward to welcoming more people.”
Sudbury chamber of commerce president John McMillan said such recognition is brilliant for the town. He added: “We are very lucky to live in such a picturesque part of the country and we are very proud of our affordability.
“It is great to have added value to homes in the area and we hope even more people will be attracted to Sudbury in the future.
“I think it is a good thing and I look forward to seeing how we do in the next quarter.”
According to the rankings, Sudbury’s average house value increased by £19,701 in the first six months of 2017. The value of a typical home in Woodbridge rose by £23,850 in the same time period.
Both towns were ranked above Bexley and Swanley in Kent, Langport in Somerset and Worcester Park in London.
Richmond in North Yorkshire was ranked in the bottom ten property cold spots.
Top ten property hotspots for 2017, according to Zoopla
1. Belper, Derbyshire
2. Hove, East Sussex
3. Todmorden, West Yorkshire
4. Woodbridge, Suffolk
=5. Sudbury, Suffolk
=5. Bexley, Kent
7. Langport, Somerset
8. Swanley, Kent
9. Worcester Park, London
10. Holyhead, Anglesey