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Is Bury St Edmunds A Good Place To Live?

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Wed 26 Jan 2022

Is Bury St Edmunds A Good Place To Live?

If you are thinking about moving home in 2022, there is a lot for you to consider.

You need to think about your budget, what you can afford to buy, and what local facilities you need.

However, you should also look for a place where you feel settled. We believe Bury St Edmunds is a good place to live, and there are many reasons why this is a fantastic place to look for property.

The happiest place to live in East England?

It wasn’t that long ago, in 2019, that Bury St Edmunds was hailed as the “happiest place to live in the east of England” by Rightmove. Factors considered by the property portal included:

  • Safety of the local

  • Friendliness of the neighbours and the neighbourhood in general

  • The availability of local services

  • The level of community spirit

It says a lot that Bury St Edmunds came out on top for these aspects.

The central train station in Bury St Edmunds is great for connecting with other areas. You can be in Ipswich in 40 minutes, while trips to Colchester and Cambridge take less than an hour and a half.

There are also many smaller train stations in and around Bury St Edmunds, helping to connect journeys across the town.

How are house prices faring in Bury St Edmunds?

According to Rightmove, as we move into 2022, house prices in Bury St Edmunds can be described as follows;

Properties in Bury St. Edmunds had an overall average price of £336,402 over the last year.

The majority of sales in Bury St. Edmunds during the last year were terraced properties, selling for an average price of £291,517. Detached properties sold for an average of £483,458, with semi-detached properties fetching £308,703.

Overall, sold prices in Bury St. Edmunds over the last year were 9% up on the previous year and 4% up on the 2018 peak of £322,174.”

It shouldn’t be a surprise to learn how prices rose in Bury St Edmunds in the past year, as they have done in many locations across the country.

While there are many reasons as to why house prices rise, there is no denying the heightened level of demand for homes, in comparison with the supply of property, is a big factor.

If you are considering selling your Bury St Edmunds home, please get in touch. There are many willing buyers in the local area, and we will be more than happy to connect you with people looking for homes like yours.

Contact Coakley & Theaker for all your Bury St Edmunds property market needs

At Coakley & Theaker, we aim to support the local community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today by calling us on 01284 769691.