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The latest from Flick & Son with properties for sale and to let in Sotherton, Walberswick, Thorpeness, Middleton, Leiston, Holton, Southwold, Saxmundham, Aldeburgh, Yoxford and Westleton. For our full selection across Suffolk’s Heritage Coastline, please visit our website.
An Englishman's home is his castle - but is it?

There has been speculation in the news recently that more homes in England might now be rented than are owner-occupied.  If so, might we be witnessing a structural change in the housing market brought about by the low interest economy which has persisted since the 2008 financial crisis and further compounded by the Brexit vote?
 
Research by Savills analysing data drawn from the HMRC’s English House Survey and working on the assumption that tenants have an average stay of 3 years suggests that there are now 1.6m rental moves a year within the existing stock of properties for rent. This at a time that sales transactions are hovering around the one million mark. Flick and Son’s experience mirrors this trend, our letting and management department seeing real time growth in the number of properties now being let in this area.
 
So for the first time in recent history and as we prepare to leave Europe, our housing market really does look to be moving towards the European model which favours renting above owner occupation.
 
The most recently available statistics on the volume of house transactions shows June’s sales volumes dropping sharply adding further pressure on owner occupation. In England, the number of transactions in June stood at 57,637 residences, down from 85,020 transactions recorded in June 2015, a marked drop of 32.2%. Overall sales levels remain below those of the last three years suggesting either a significant fall in demand for, or supply of, residential property for both owner occupation and for renting.
 
Supply or demand? On this there can be no doubt, supply is the issue currently influencing activity in the housing market not just in Suffolk but across much of the country.
 
In the period from 1st April to 30th September, the number of properties coming to the market in the area has fallen by an average of 7% year by year since 2013 which is a significant number of properties not coming up for sale. Taking a snapshot of the level of demand in East Suffolk, on 17th April of this year Flick and Son had 10.9 purchasers registered with us per house on our books. By 17 October that ratio had changed to 17.5 applicants per available property, a massive 75% more applicants trying to find the right property for themselves and an equally amazing 61% increase in applicants per property available.
 
Not surprisingly, Flick and Son is on a selling spree limited only by the size and pricing of the stock of property available to us to sell. Get the price and marketing right and the demand your property will experience will be as good, if not better, than it has ever been.
 
To get the price and marketing right, please get in touch to arrange a free appraisal of your property. Flick and Son’s property sales teams really do have the knowledge and skills to maximise the sale price of your property within a time scale to best suit you.

Peter Watson FRICS
Director, Flick & Son

Featured properties this month

Pastures Farm, Sotherton
Sotherton  |  £650,000
Pastures Farm is a Grade II Listed farmhouse with a wealth of period features set in approximately seven acres of land close to Halesworth.  Over the years it has been extended and would now benefit from some updating.  The ground floor of the original house has a 26' kitchen/breakfast room with gas fired Aga, dining room and drawing room both with inglenook fireplaces, as well as a utility room with shower and separate cloakroom.

The first floor has three bedrooms one with en-suite and a family bathroom with a further two bedrooms on the second floor.  20th century additions include an indoor swimming pool and outbuildings, a brick and tiled cart shed and a large open fronted modern barn with adjoining workshops. 
More details
Walberswick

Walberswick  |  £660,000

A particularly spacious four bedroom detached chalet style home set in secluded gardens in excess of one third of an acre, enjoying a view of St Andrews Church. EPC Rating E. 
More details
Middleton

Middleton  |  £375,000

A charming three bedroom attached period cottage in the popular village of Middleton, just a short drive from the Heritage Coast at Dunwich. No onward chain. EPC Rating G. 
More details
Holton

Holton  |  £245,000

A beautifully presented three bedroom detached bungalow with lovely views over the village of Holton, situated on a footpath at the end of a quiet cul-de-sac. EPC Rating G.
More details
Thorpeness

Thorpeness  |  £525,000

A three bedroom detached house in a central but quiet location in Thorpeness, with south facing rear garden, detached garage and off-road parking.  EPC Rating D. 
More details
Leiston

Leiston  |  £250,000

A charming red brick four bedroom
semi-detached Victorian style villa, located in a popular residential road to the northern edge of the town. No onward chain. EPC Rating D. 
More details
Southwold

Southwold  £345,000 L/H

A beautifully appointed ground floor apartment with courtyard and off-street parking. Located in a convenient central location, a short stroll from the sea front and town centre. EPC Rating C. 
More details
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News in brief

Thank you to everyone who supported us with the MacMillan Coffee Morning on Friday 30th September at our Saxmundham branch.

It was a great success and we raised a massive £277.69 for Macmillan Cancer Support. 

Poetry in Aldeburgh is a volunteer-led not-for-profit venture which is staging a festival at various venues in the town between 4th and 6th November.

More than 100 guest poets, artists and performers will be appearing at events at the Jubilee Hall, the Peter Pears Gallery and the South Lookout.  There will also be workshops and master classes.  For the full programme of events and to book tickets, please visit their website here.   

Featured properties this month

Saxmundham

Saxmundham  |  £345,000

A modern David Wilson four bedroom detached house located on the popular development of Mayflower Green. Landscaped rear garden, single garage & off road parking. EPC Rating B. 
More details
Yoxford

Yoxford  |  £1,050 pcm

Three bed detached unfurnished new build detached bungalow - spacious plot, detached garage, parking and gated entrance. EPC
Rating B. (Tenants Admin Fees Apply)
More details
Leiston

Leiston  |  £650 pcm

Modern part furnished first floor flat close to town. Open plan lounge/kitchen, two double bedrooms, bathroom with o/h shower. EPC Rating C. (Tenants Admin Fees Apply)
More details
Aldeburgh

Aldeburgh  |  £265,000 

A two bedroom mid-terrace house which has been recently refurbished throughout and includes one tandem space within a cart lodge style garage. EPC Rating D.  
More details
Westleton

Westleton  |  £750 pcm

Delightful three bedroom furnished cottage - parking and gardens in popular coastal village with two bathrooms. No pets/smokers.
EPC Rating E. (Tenants Admin Fees Apply)
More details
Thorpeness

Thorpeness  |  £625 pcm

A newly built large one bed duplex apartment with balcony & stunning views over Thorpeness Meare. Allocated parking. Service charges apply. EPC Rating C. (Tenants Admin Fees Apply)
More details
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