CONTENTS: INTRODUCTION - ASHFORD, KENT - BATH, SOMERSET - BECKENHAM, KENT - BEDFORD, BEDFORDSHIRE - BILLERICAY, ESSEX - BIRMINGHAM CITY CENTRE, BIRMINGHAM - BOURNEMOUTH, SUSSEX - BRENTWOOD, ESSEX - BRIGHTON, SUSSEX - CAMBRIDGE, CAMBRIDGESHIRE - CANTERBURY, KENT - CARDIFF, WALES - CHELMSFORD, ESSEX - CLEETHORPES, LINCOLNSHIRE - COLCHESTER, ESSEX - EPPING, ESSEX - GRANTHAM, LINCOLNSHIRE - GREAT YARMOUTH, NORFOLK - GUILDFORD, SURREY - IPSWICH, SUFFOLK - KETTERING, NORTHAMPTONSHIRE - KINGS LYNN, NORFOLK - LEICESTER, NORTHAMPTONSHIRE - LIVERPOOL CITY CENTRE, LANCASHIRE - LUTON, BEDFORDSHIRE - MANCHESTER, LANCASHIRE - MILTON KEYNES, BEDFORDSHIRE - NORWICH, NORFOLK - OXFORD, OXFORDSHIRE - PETERBOROUGH, CAMBRIDGESHIRE - READING, BERKSHIRE - ROMFORD, ESSEX - SOUTHEND-ON-SEA, ESSEX - ST ALBANS, HERTFORDSHIRE - STANSTED, ESSEX - SWINDON, BERKSHIRE - WELWYN GARDEN CITY, HERTFORDSHIRE - WISBECH, CAMBRIDGESHIRE
| Area: | GREAT YARMOUTH, NORFOLK | |||||||
| Category: | B | |||||||
| Investor Profile | Pension, Retirement, Holiday, Downshifter, Business and Cash&Equity | |||||||
| Population aged 15+: | 45,752 | |||||||
| Actual | National Average | |||||||
| Percentage Class ABC1: | 36% | 44% | ||||||
| Crime: | Violence | Sexual | Burglary | Motor | ||||
| Per 1000 population | 14 | 1 | 7 | 3 | ||||
| Yield Range: | 6.1% - 12.7% | |||||||
| Price Ranges | Low £ | Hi £ | Low £pw | Hi £pw | Low | Hi | ||
| Flats&maisonettes | 32,000 | 48,000 | 78 | 105 | 11.4% | 12.7% | ||
| Terraced | 57,600 | 86,400 | 87 | 118 | 7.1% | 7.9% | ||
| Semi-detached | 72,000 | 108,000 | 127 | 182 | 8.8% | 9.2% | ||
| Detached | 119,200 | 178,800 | 155 | 210 | 6.1% | 6.8% | ||
| Valuations above the national average by: | 0% | |||||||
| Actual | National Average | |||||||
| Capital growth last 12 months | 25% | 18% | ||||||
| Capital growth last 4 years: | 71% | 74% | ||||||
| Large employers in the area: |
| |||||||
| Demand For Letting: | Excellent | |||||||
| Average void period: | 1 week | |||||||
| Total (out of 10) | Capital Growth (out of 5) | Yield (out of 5) | ||||||
| Out of 10: | 7 | 2 | 5 | |||||
| Summary: | An excellent high yielding town but be careful of the off-season periods. | |||||||
| Description: | Great Yarmouth itself is a medium-sized port and industrial centre as well as a major seaside resort near to coastal and marshland areas that are of national significance for their environmental interest as well as recreation. The tourism industry is worth nearly £400m. 13 million people stayed in the borough overnight and the tourism industry for the are employs 8,000 people full or part-time. Unemployment levels in the area fluctuate with the seasons and are at their lowest during the summer months. The level of unemployment (claimant count) for the Great Yarmouth travel to work area in October 2002 was 4.8%, when for Great Britain as a whole the average was 3.0%. Unemployment is highest in the inner urban areas during the winter months when it reaches about 20%. About 31% of employees in Great Yarmouth work part-time. Great Yarmouth has Assisted Area Status and more than £2.84 million of grant aid has been offered to nearly 65 local companies. The port of Great Yarmouth provides the main supply base for the offshore gas industry in the southern North Sea. Electronics, food packaging, off-shore related businesses and other service industries provide the major sources of employment in the Great Yarmouth Travel to Work Area. In the rural areas, agriculture now employs about 2% of the total workforce. | |||||||
| Mainline railway station: | 2 hours 35 minutes to Liverpool Street, London (change at Norwich) | |||||||
| Road Access: | Main access A47 20 miles of Norwich 87 miles from M11 | |||||||
| Local Newspaper | Great Yarmouth Mercury 01603 628311 | |||||||
| Estate Agents: | Name | Address | Tel | Web | ||||
| Aldreds | 116a high St Gorleston Great Yarmouth Norfolk NR31 6RE | 01493 664600 | ||||||
| Larkes Estate Agents | Unit 2 17-18 Broad Row Howard Street North Great Yarmouth Norfolk NR30 1HT | 01493 330299 | ||||||
| Ian Sinclair | 3 Hall Quay Great Yarmouth Norfolk NR30 1HX | 01493 331144 | ||||||
| Norfolk Estate Agents | 28 King Street Great Yarmouth Norfolk NR30 2NZ | 01493 853444 | ||||||
| Charles Bycroft & Co | 14 Regent Street Great Yarmouth Norfolk NR30 1RN | 01493 844484 | ||||||
| Letting Agents: | Name | Address | Tel | Web | ||||
| Howards Chartered Surveyors | 01493 331435 | www.howards.co.uk | ||||||