Average house prices in Burnham-On-Sea have grown by 25 per cent over the last four years according to new figures.
Property website Right Move says the average selling price of a house in Burnham-On-Sea is now £244,000, which is up 25% on 2015 when the average was £196,190.
The figures come after a small increase in Burnham property values during 2018 and ahead of a further forecast rise in 2019.
Property website Zoopla has also analysed the selling prices of over 300 homes and flats in Burnham-On-Sea over the past year to complete its figures.
It says detached houses in Burnham have grown in value by around £3,800 or 1.2%, while semi-detatched properties have increased by £6,700 or 3%, and terraced homes have risen in value by £10,300 or 5%. However, the value of flats in Burnham is slightly lower year-on-year, with values falling by around £1,600 or 1%.
Further figures from Right Move show Burnham-On-Sea, with an overall average price of £244,000, is more expensive than nearby Highbridge (£173,892) and Brean (£128,437), but cheaper than Brent Knoll (£364,250).
The highest-value streets in Burnham-On-Sea are also revealed in the new figures based on latest average selling prices.
Highest value streets in Burnham-On-Sea
- Manor Way, Berrow, £510,756
- Gore Road, Burnham-On-Sea £504,009
- The Grove, Burnham-On-Sea £478,347
- Gardenhurst, Burnham-On-Sea £461,524
- Edith Close, Burnham-On-Sea £412,565
Some will argue that the figures demonstrate a need for more low-cost family housing in the Burnham-On-Sea area to help first time buyers gain a step on the property ladder.
A Burnham estate agent told Burnham-On-Sea.com: “Despite a lot of uncertainty around Brexit and the impact this will have on our economy over the next few months, the local market in Burnham remains buoyant and buyers are still out there.”
