Revealed: The ten most expensive homes sold in Norfolk in May
- Credit: Archant
The top end of the property market in Norfolk appears to have slowed down in May with the most expensive house selling for £680,000.
The most expensive home sold in May was Mandarin, a four-bedroom property on Golf Course Road in Old Hunstanton. This property sold for £680,000 which is £15,000 more than the most expensive home sold in the previous month.
The coastal home, which is located a few minutes from the beach and golf course, boasts stunning sea views from its large balcony and offers a large kitchen/dining area, utility room, two en-suite bathrooms plus a further main bathroom.
Following on from Mandarin, the second most expensive property sold was Hurricane Farm Barn, a three-bedroom converted agricultural storage barn in Lower Bodham, that cost £631,000.
The historic barn is complete with games room, utility room, three-bay open carport and is located only a short drive from both Holt and the coast. The property also faces south towards a County Wildlife Site which is made up of a mixed woodland area and a fishing lake called Selbrigg Pond.
Figures for all ten properties suggest that the slowdown experienced at the top end of the Norfolk property market in April continues, with only a handful of high-end properties selling for over £500,000. This contrasts to the ten most expensive homes sold in March, where all ten cost over £650,000 and in February when properties were selling for over £1,000,000.
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Louis de Soissons, Head of Residential at Savills Norwich, believes this may be due to stamp duty increases.
He said: 'The figures for one month don't paint a consistent picture of the market and aren't substantial enough to reflect a real trend. It may simply be the case that a lot of these properties had their sales agreed before or during the Christmas period, over which time there is always a lag.
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'The continual upwards ratcheting of stamp duty may also have impacted the prices, but overall the property market in Norfolk below £1,000,000 is a lot stronger than it is above, because there are a lot more active buyers.'
He added: 'Savills have recently sold several properties that are over the £1,000,000 mark so you should start to see that being reflected in the figures over the coming months.'
Number 62 Wroxham Road in Sprowston was the third highest selling home in May, costing £600,000. The detached family home has been recently extended and refurbished to create more space and give the property a sense of style.
The modern house has five bedrooms, five bathrooms/shower rooms, an open plan kitchen and double garage and also boasts features such as under-floor heating, a cinema room and separate utility.
Towards the lower end of the list is High House in Saham Hills, Thetford, a Victorian Farmhouse situated in grounds of approximately 0.8 acres which sold for £465,000, making it the ninth most expensive property to be sold in the month.
The four-bedroom home retains much of its character with original features to be found throughout, such as cast iron fireplaces, picture rails, floor tiles and sash windows. Draped in ivy, the picturesque house is complete with three reception rooms, including a conservatory, a range of outbuildings, and a carriage drive.
Caudle Springs Cottage in Caudle Springs, Carbrooke, was the tenth and final most expensive property on the list, selling for £425,000. The detached property offers four bedrooms, three large reception rooms, a boot room and detached garage.
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