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Market town of Sudbury set to outperform the market

Friday 06 January 2017

The property market is fast-paced, and things can change quickly, but one thing that’s clear is that the market town of Sudbury is set to outperform the property market in the next few years.

Independently owned East Anglian estate agency Fenn Wright are so confident of this, they have even opened a new office (their eighth) in the town on Market Hill.

Fenn Wright's Managing Partner, Alan Williams explains - 

In recent times the property market has seen a wave of buyers moving out from London into the county of Essex and to fast growing commuter towns like Chelmsford and Colchester.

However, there is also a second wave of buyers, who initially gravitated to areas that allowed easy station access. These movers are now considering compromise on travel if that means they can reside in a town that retains its traditional feel and charm amid beautiful surroundings – country living at its finest. This is a trend which reflects the demand for work/life balance and rise in homeworking, and as a result, the train is only required for commuting two or three days a week.

Sudbury, in particular, has all the charm and character of a Suffolk market town, fascinating history, a gentler pace of life and picturesque walks alongside the River Stour, but still has great access to the City.

The town’s proximity to London is further but a frequent two carriage train connects with Marks Tey main line station for commuting days and the extra time taken can be spent working on the laptop or tablet.

The rewards for that slightly longer commute are plenty. Prices in and around Sudbury are more affordable so buyers get more house for their money; at the moment, the average price for a two bedroom flat in the area is £140-150,000 and for a three bedroom house £230-250,000. Not just that, but buyers get to embrace a lifestyle that many wouldn’t exchange for one of the busy commuter towns.

The anticipated continued demand for this lifestyle is set to ripple out further from the immediate commuter towns to places like Sudbury. This suggests that prices will also rise to reflect the fact that some commuters are ready to trade off a slightly longer (but productive) commute for a better lifestyle.

Add to that the influence of nearby market town Bury St Edmunds, a town with near full employment, and Cambridge with its world class university and Europe’s largest cluster of technology businesses, and in Sudbury you have a town ready to outperform the market.